08/12/2014
JP Morgan Chase retail GC exits bank
JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.
Legal, Regulation & Compliance
08/12/2014
SEC Charges Bahamas-Based Brokerage Firm and President with Facilitating Fraudulent Scheme by Hedge Fund Manager
The Securities and Exchange Commission has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme.
08/11/2014
Hedge fund manager who faked suicide unable to persuade judge
McMahon in 2008 had sentenced Israel to 20 years for fraud
08/11/2014
Ex-Microsoft Hedge-Fund Hopeful Gets Two Years For Insider Trading
fund. Both men had faced up to 20 years in prison
08/10/2014
Achievements, Challenges and Change: The SEC Whistleblower Program Year in Review via
The SEC Whistleblower Program Year in Review – Introduction
08/08/2014
Deutsche Bank Criticized by U.S. Regulators Over Reporting Systems, Risk Controls
Confidential Memorandum of Understanding Formally Ordered Bank to Make Far-Reaching Improvements
08/08/2014
If Bank of America pays $17 billion in fines, should Wall Street critics be satisfied?
Against that double historical backdrop comes today’s news that Bank of America has offered to pay $17 billion to settle claims filed nationwide alleging it shares responsibility for the collapse.
08/08/2014
Private fund performance after the Dodd-Frank Act
These new rules boosted the permissible regulatory oversight of the private fund industry to an unprecedented level.
08/08/2014
SEC Charges Former CEO of ConvergEx Subsidiary
ConvergEx has since shut down trading operations at the Bermuda broker-dealer subsidiary ConvergEx Global Markets Limited.
08/08/2014
Arab Bank Plc faces Hamas financing trial in U.S.
About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.
08/07/2014
JPMorgan earns victory over Los Angeles in discrimination suit
City alleged that lender “engaged in mortgage discrimination”
08/07/2014
Ex-Jefferies Trader Appeals Fraud Conviction
He was sentenced last month to two years in prison and ordered to pay a $1.75 million fine for lying to customers about mortgage-backed securities.
08/06/2014
SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks
The promoters reaped more than $2.5 million in illegal profits through their schemes.
08/05/2014
Texas tycoons should pay $750 million for fraud, SEC tells judge
A federal jury found the Wylys liable for a system of offshore trusts in the Isle of Man that netted the brothers $553 million in profits through hidden trades between 1992 and 2004 in companies they controlled.
08/05/2014
C.Agricole starts sanctions talks with U.S. authorities
The bank said it had sent the results of its internal review to the U.S. authorities.
08/05/2014
AIG to settle lawsuit over financial crisis for $960M
The agreement represents one of the largest settlements of a securities fraud lawsuit in the wake of the economic meltdown.
08/05/2014
The Hedge Fund Manager On The FBI’s Most Wanted List
Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, is wanted by the FBI for his alleged involvement in a market manipulation scheme designed to artificially improve the performance of eight Cayman I
08/05/2014
Wife of banker who illegally made $1M for love child: ‘We all make mistakes’
She stood by her man
08/05/2014
Barclays can keep $6bn Lehman assets, court rules
Barclays won court approval to buy much of Lehman's brokerage business four days after the US company filed for the largest bankruptcy in American history
08/04/2014
Feds Want Prison For Undisclosed Offshore Accounts, But What's Willful?
The 69-year-old entrepreneur’s lawyers argued successfully that he should get off with probation and community service because of his age and good works.