09/17/2014
Schneiderman moved to knock down a key argument in Barclays' motion, that the lawsuit falls outside of the scope and authority of the New York's securities laws, a powerful statue known as the Martin Act.
09/17/2014
SEC Obtains Asset Freeze Against Company in Turks and Caicos Islands
The SEC’s complaint also names Laurer’s widow Brenda Davis and another Laurer-controlled company International Balanced Fund as relief defendants because they received investor funds.
09/16/2014
UBS Closed Secret Big Accounts, Class Claims
Swiss banking giant UBS converted billions of dollars for its own profit by improperly closing accounts of secret account-holders and refusing to provide records of it, the trust of a former president of the U.N. General Assembly claims in a federal clas
09/16/2014
Its unique governance system fosters an unparalleled level of integration and contributes to its perennial ranking as among the best in the world in client service.
09/15/2014
HSBC agrees to pay $550m to US regulator
The bank has resolved claims over mortgage bonds sold ahead of the financial crisis
09/15/2014
A contingent of so-called “corrupt clients” from Canada have been caught in the net of a massive fraud investigation by the FBI and the U.S. Attorney, a source close to the investigation told CBC.
09/15/2014
U.S. regulators trying to force banks to maintain enough capital to survive a severe economic shock have signaled a shift in the tools they’re using to achieve that goal.
09/15/2014
At a time when banks are trimming staff to lower expenses, one area of hiring remains hot: risk and compliance.
09/12/2014
Ridealgh was already known to Ashurst, having previously worked as an associate in its London office between 1999 and 2003
09/12/2014
There is nothing inherently illegal about investors talking with individuals at Height Securities about its research note.
09/11/2014
A Citadel spokeswoman told the newspaper that the firm's communication was intended for "verifying information contained in what we understood to be a broadly disseminated email," adding that it was part of the firm's "compliance
09/11/2014
Dark pools are broker-run trading venues that let investors trade shares anonymously and only make trading data available afterwards, reducing the chance of information leaking about trade orders.
09/11/2014
The United States Federal Reserve (Fed) has reportedly started an inspection of the financial transactions of Turkey's state-run Ziraat Bankası New York branch, Turkish media reported on Tuesday.
09/11/2014
A former auditor and bank officer at M&T Bank Corp. in Wilmington has sued the bank alleging he was fired after he blew the whistle on confidentiality breaches related to the tax returns of high net-worth clients.
09/11/2014
The SEC says the suspension is as a result of the operator’s failure to carry out its investors mandate to purchase 200,000 units of National Sport Lottery plc during the company’s 2008 public offer for which it collected N3.1 million.
09/11/2014
SEC Announces Charges Against Corporate Insiders
Nearly Three Dozen Charged in Enforcement Initiative to Root Out Repeated Late Filers
09/11/2014
Credit Agricole’s fine could be similar to Commerzbank’s, according to the person. Anne-Sophie Gentil, a spokeswoman for Credit Agricole, declined to comment.
09/10/2014
The SEC says management fees earned by Archer Advisors were shrinking due to the funds' worsening performance.
09/10/2014
Opalesque Industry Update - Maples Fund Services, a leading independent global fund services provider, has opened an office in Boston, significantly expanding its North American presence and solidifying its brand and offering in the US market.
09/10/2014
US regulators plan to raise capital requirements for the largest banks above global standards to ensure they do not place the financial system at risk