06/17/2014
The trusts sued Merrill Lynch Mortgage Lending Inc. in New York State Supreme Court in Manhattan in December 2012, seeking to force it to buy back allegedly misrepresented loans.
06/13/2014
The Office of the Comptroller of the Currency (OCC) is issuing interim procedures for examiners to assess banks’ progress in developing a framework to comply with requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protecti
06/11/2014
The U.S. Internal Revenue Service issued a ruling that clears the way for institutional investors to seek changes to incentive fees assessed by hedge funds, which may make it cheaper for them to invest in such offerings.
06/11/2014
Institutions have been pushing managers to charge incentive fees on a cumulative basis
06/11/2014
A former Rabobank NV trader pleaded guilty on Tuesday for his role in manipulating Libor, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks.
06/10/2014
Liquidnet was fined $2m by the SEC for sharing customer trading information
06/10/2014
When a fund becomes illiquid it can find that its assets cannot be sold at all
06/09/2014
Klayman & Toskes and Carlo File $2 Million Claim Against UBS
These funds were too risky to maintain these objectives
06/09/2014
Former director sues BNP Paribas North America
The lawsuit alleges that the company eventually fired Orlando from the New York office in a retaliatory move
06/09/2014
Masayuki Oku takes issue with regulations that exceed demands of Basel III regime
06/09/2014
We are extremely delighted to have assisted Dai-ichi Life on this strategically important transaction
06/08/2014
The US operators admit there are problems, but say they hope to return money to investors.
06/08/2014
One of the issues facing foreign banks is whether they will need to sell investments in covered funds, such as private equity or hedge funds
06/06/2014
A federal judge on Tuesday granted a request to delay a lawsuit by the Securities and Exchange Commission against Great Neck native and hedge fund owner Steven Cohen, according to published reports.
06/06/2014
The seminar will provide an overview of the SEC’s regulatory framework
06/05/2014
Banks invest their equity capital and deposits in an assortment of balance sheet assets
06/05/2014
The Financial Industry Regulatory Authority today announced it has censured and fined Barclays Capital Inc.; Goldman, Sachs & Co.; and Merrill Lynch, Pierce, Fenner & Smith, Inc., $1 million each for failing to provide complete and accurate infor
06/05/2014
One of the biggest issues facing foreign banks is whether they will need to sell investments
06/04/2014
2,000 funds now have access to compliance and reporting services through SS&C GlobeOp’s Regulatory Solutions Group
06/04/2014
They escorted him to a security room, then dropped their bombshell