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.
Legal, Regulation & Compliance
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.
10/10/2014
US hedge fund banned from Hong Kong trading
A New York-based hedge fund and its founder has been banned from trading securities in Hong Kong for four years after admitting to insider trading of Chinese banking equities.
10/09/2014
Barclays to pay $20 million to settle U.S. class action over Libor manipulation
The proposed deal, disclosed in court papers filed in New York federal court, is the first such settlement of private litigation in the United States against various banks accused of manipulating the London Interbank Offered Rate.
10/09/2014
Wealth management seminar leader pleads guilty in fraud scheme
Ephren Taylor, II, has pleaded guilty to conspiracy to commit mail and wire fraud by defrauding hundreds of victims of their retirement savings.
10/08/2014
Hedge Fund Association Cautions SEC on Impact of Raising Accredited Investor Net Worth Requirements
On behalf of the private investment funds industry and other growing businesses the HFA offers the SEC alternative solutions to avoid stifling job creation and capital formation
10/08/2014
Ex-UBS Exec Says Swiss Reports Belong In Tax Evasion Trial
A former UBS AG wealth management and banking head charged with helping U.S. taxpayers conceal their assets wants two public reports from Swiss banking authorities to be included in his trial.
10/08/2014
U.S. Prosecutor Masterminded $37 Billion Bank Penalty Win
Outgoing Attorney General Eric Holder and his former No. 3 Tony West have dominated the limelight following multibillion dollar settlements against JPMorgan Chase & Co.
10/08/2014
Wall Street Moles Go to New York’s Top Cop, Spurning SEC Cash
The SEC receives thousands of whistle-blower tips every year
10/08/2014
Elite private banking duo to fight back
The elite private banking duo may take legal action accusing the firm of wrongful termination for their firing last month, their attorney says
10/07/2014
Hedge Fund and its Partner and Lawyer Fail on Motion to Dismiss for Breach of Fiduciary Duty
A case against a hedge fund, and one of its partners and in-house counsel, related to actions at a portfolio company and alleging breach of fiduciary duties survived a motion to dismiss.
10/07/2014
Big Banks Face Another Round of U.S. Charges
The Justice Department is preparing a fresh round of attacks on the world’s biggest banks, again questioning Wall Street’s role in a broad array of financial markets.
10/06/2014
For helping Feds, Hialeah Ponzi schemer gets his 10-year sentence cut in half
Veteran prosecutor Richard Gregorie recommended Perez's reduction after noting that he “has been cooperating with federal law enforcement officers since prior to his first indictment in June of 2010” on securities fraud, according to a co
10/06/2014
Corporate misconduct must no longer be tolerated
Integrity has to be put back at the heart of businesses.
10/06/2014
‘Black Diamond’ Ponzi Scheme Leads To Jail For 3 Hedge Fund Managers
Three hedge fund managers have been arrested in connection with a $40 million investment fraud conspiracy
10/02/2014
Fox Rothschild enters Texas by acquiring Dallas firm
Texas is a hub for real estate, litigation, energy and corporate work