09/24/2014
Former Simon & Schuster honcho sues hedge fund boss
A townhouse battle on the Upper East Side spilled into court Tuesday when a retired publishing exec slammed his hedge fund neighbor with a $20 million suit over a three-year renovation.
Legal, Regulation & Compliance
09/23/2014
Private Equity Firm Pays $2.3 Million To Settle SEC Charges
A New York-based private equity advisory firm will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain expenses in their company portfolios
09/23/2014
CFTC And SEC Rules Harmonized To Facilitate General Solicitation
The SEC lifted its 80-year-old ban on hedge-fund advertising last year
09/23/2014
Man Who Ate Napkins to Conceal Insider Trading Pleads Guilty
Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years
09/23/2014
SEC: Some U.S. Hedge Fund Advisors Run Afoul of Advertising Rules
Hedge fund advisers, in some cases, are showcasing performance of specific investments they made in prior years
09/23/2014
Prepare for the magnifying glass: SEC hikes scrutiny of asset managers - 4 steps to consider
The SEC’s potential regulatory action is in response to apparent increasing concern that the multitrillion-dollar asset management industry could create substantial instability
09/23/2014
Wells Fargo Advisors pays $5 million penalty over insider trades
The SEC’s order finds that multiple groups responsible for compliance or supervision within Wells Fargo received indications that the broker was misusing customer information.
09/23/2014
SEC Announces Largest-Ever Whistleblower Award
The Securities and Exchange Commission today announced an expected award of more than $30 million to a whistleblower who provided key original information that led to a successful SEC enforcement action.
09/21/2014
US Government Plays Robin Hood Under Guise Of National Mortgage Settlements
The question at hand is, if BofA doesn’t own these mortgages, who does?
09/19/2014
Ex-Hedge Fund Chief Cheated Clients To Buy Porsche
The SEC Enforcement Division alleges that Cooper, a resident of New Orleans, willfully violated Sections 206(1), 206(2), 206(4), and 207 of the Investment Advisers Act of 1940
09/19/2014
Mourant Ozannes team scoop top honours at The American Lawyer Global Legal Awards 2014
Offshore law firm Mourant Ozannes has been honoured at the prestigious 2014 American Lawyer Global Legal Awards
09/19/2014
Regulators Probe Goldman's Internship for Brother of Libyan Ex-Official
SEC Is Examining Whether Perks Were Offered in a Bid for Business
09/18/2014
SEC settles with BlackRock, others over trading infractions
The SEC charged BlackRock Institutional Trust with buying offering shares during the restricted period three times from April 2010 to March 2011
09/18/2014
Exodus hits U.S. law firm Bingham amid merger talks
Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis & Bockius.
09/17/2014
CFTC fines Morgan Stanley Smith Barney for KYC failings
CFTC also finds other supervisory failures relating to enforcement of imposed trading limits, responding timely and accurately to a CFTC document request, and maintaining adequate customer records
09/17/2014
New York Banks Also Handled Arab Bank's Alleged Terror Payments
The evidence wasn’t offered to show complicity by the larger banks in financing terrorism, but to show that the global banking system is complex and relies on automated systems to check against questionable transactions.
09/17/2014
Credit Suisse loans under U.S. Fed scrutiny
Reuters reported in January that U.S. prosecutors had initiated an examination of Credit Suisse documents, including internal emails
09/17/2014
Freshfields' latest US raid adds Shearman M&A veteran to bolster New York practice
Freshfields has continued its dramatic US hiring spree, adding Shearman & Sterling M&A lawyer Peter Lyons as co-head of its public M&A group.
09/17/2014
More Than 40 Cadwalader Attorneys Recognized by Super Lawyers 2014 New York Metro Edition
The publication includes lawyers who have attained a high degree of peer recognition and professional achievement, as well as Rising Stars.
09/17/2014
Barclays, HSBC and RBS among 13 banks facing fraud claims in US
Barclays, HSBC and bailed-out Royal Bank of Scotland are among 13 banks facing fraud allegations and a claim for $1.15bn (£700m) in damages in the US state of Virginia over the sale of mortgage bonds during the financial crisis.