10/21/2014
The Shift from Estate Planning to Estate Probating
How the aging population will Impact the way estate attorneys practice in the future
Legal, Regulation & Compliance
10/18/2014
Staten Island man who worked for the 'Wolf of Wall Street' charged with securities fraud
The Securities and Exchange Commission Friday civilly charged a New Springville man in connection with multiple investment schemes he allegedly operated between 2009 and 2013.
10/18/2014
Heirs to art looted by Nazis sue Swiss bank for fraudulent sales
USB accused of using family name to establish 'sham' foundation, rather than looking for surviving relatives.
10/17/2014
New York High-Speed Trading Firm Settles SEC Charges Over Manipulation
U.S. regulators brought their first-ever manipulation case against a high-frequency trading firm on Thursday, saying it used a computer algorithm to affect closing prices through a series of rapid-fire trades.
10/17/2014
Two ex-Rabobank traders charged in U.S. with manipulating Libor
Two former derivative traders for Dutch lender Rabobank were charged on Thursday with manipulating Libor
10/17/2014
Ex-hedge fund analyst gets 5 years for insider trading
This “sharpie” is going behind bars.
10/17/2014
UBS Recommends Puerto Rico Funds to Island’s Clients Amid Losses
UBS AG, the Swiss bank that reached a $5.2 million settlement with Puerto Rico this month over sales of closed-end funds, will keep recommending debt from the commonwealth to investors from the island.
10/16/2014
Ex-UBS Exec Opens Up About Swiss Tax Shelters In Weil Case
As federal prosecutors began laying out their case against ex-wealth management head Raoul Weil for conspiring to conceal $20 billion in Americans' assets from the Internal Revenue Service.
10/16/2014
SEC issues enforcement action against former Wells Fargo employee
The Securities and Exchange Commission issued an enforcement action Wednesday against a former Wells Fargo Advisors compliance officer in St. Louis, alleging she altered a trading review document that was part of an insider trading investigation.
10/15/2014
UBS to pay $5.2 mln in settlement with Puerto Rico regulator
A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged.
10/15/2014
Regulators Are Set to Tighten Swaps Rules
Global regulators are preparing to impose new restrictions on banks, asset managers and others who use swaps to help hedge risks and speculate on market moves.
10/14/2014
100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
Since 2009, the U.S. has had unprecedented success with ferreting out offshore accounts. It started in 2008 with key court victories against UBS.
10/14/2014
Former UBS banker fined in Switzerland for handing data to U.S.
A former banker at Switzerland's biggest bank, UBS, has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office.
10/14/2014
Baker & McKenzie Appoints Two Mexico Partners to Lead Global Practice and Industry Groups
The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.
10/13/2014
Managing the Requirements - and Costs - of Regulatory Reporting By: Tom Kirkpatrick
The increase in regulatory reporting requirements has become a major challenge for many investment managers.
10/13/2014
Major Banks Agree to Sign ISDA Resolution Stay Protocol
The stay is intended to give regulators time to facilitate an orderly resolution of a troubled bank.
10/13/2014
Ex-TD Bank exec Spinosa charged with aiding Ponzi schemer Rothstein
A fired Toronto Dominion Bank executive who authorities say kept Fort Lauderdale lawyer Scott Rothstein’s $1.2billion Ponzi scheme alive until the end was arrested Friday on fraud charges.
10/13/2014
Everyone into the bonus pool
Traders and investment bankers would have an incentive to make sure the risks they took were reasonable and wouldn't bring down their firms (or the rest of us) in the future.
10/12/2014
Former UBS high-flier set for US tax fraud trial
A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.
10/10/2014
E*Trade Units to Pay $2.5 Million to Settle SEC Charges over Illegal Sales
A current and a former unit of E*Trade Financial Corporation will pay $2.5 million to settle charges that they ignored red flags and improperly sold billions of unregistered penny stock shares on behalf of customers, U.S. regulators said on Thursday.