10/02/2014
Citigroup Inc. has had restrictions lifted by the Securities and Exchange Commission that will allow the bank to sell investments in hedge funds and private equity funds to its wealthy clients, among other activities.
10/02/2014
Buckhannon, who was arrested by FBI agents in Henderson Tuesday, pleaded not guilty at an arraignment Wednesday before U.S. Magistrate Judge George Foley. He was released on a personal recognizance bond pending trial.
10/02/2014
Davis, who had faced up to five years in prison but who hoped to avoid it, said she began dealing drugs after a four-month stint in prison
10/01/2014
The Securities and Exchange Commission today charged Bank of America Corporation with violating internal controls and recordkeeping provisions of the federal securities laws after it assumed a large portfolio of structured notes and other financial instru
10/01/2014
If a U.S. regulator has its way, Daniel Shak will soon have more time to focus on gambling at poker tables and none at all to spend betting on derivatives.
10/01/2014
The head of a US Treasury office that has handed down a series of large fines against banks for violating economic sanctions, pledged that he is not “looking for a scalp or to raise up a victory flag”.
10/01/2014
Investment advisers are held to a higher "fiduciary" duty
10/01/2014
They said they acted in Barclays’s interest.
09/29/2014
A U.S. judge said Friday he would allow Citigroup Inc to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.
09/29/2014
The Securities and Exchange Commission today announced insider trading charges against two former Wells Fargo employees involved in an alleged scheme to profit by buying or short selling a stock before research analyst reports were published containing a
09/26/2014
Big banks’ prayers for a halt to new regulation have fallen on deaf ears
09/26/2014
As part of an effort to head off the next crisis, regulators are asking what role the industry plays in a healthy financial system.
09/26/2014
The tremendous fines paid by the banks for flogging dud mortgages to investors brings to mind the droll quip
09/26/2014
Since the financial crisis, it has become commonplace to argue that banks should be run as utilities, not casinos.
09/25/2014
Swiss Bank Agrees to Pay $850,000 for Unregistered Trading
As part of the settlement agreement, the respondents have agreed that they breached securities laws regarding registration requirements.
09/25/2014
A convicted hedge-fund fraudster will have to serve out one of the longest-ever sentences for running a Ponzi scheme.
09/25/2014
The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act
09/24/2014
Quan and his companies invested hedge fund money in Petters' scheme
09/24/2014
Accredited investors now have greater access to hedge funds once available only to the wealthy elite.
09/24/2014
After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.