03/17/2014
The Securities and Exchange Commission today charged a former analyst at an affiliate of hedge fund advisory firm S.A.C. Capital Advisors with insider trading based on nonpublic information that he obtained about a pair of technology companies.
03/17/2014
The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
03/17/2014
New York hedge fund attorneys Riveles Law Group has put out a new whitepaper outlining the legal, structural and practical considerations to be evaluated in establishing a hedge fund.
03/13/2014
The judge also specified that Goldman will not be allowed to pay the fine on Tourre’s behalf.
03/12/2014
The Financial Industry Regulatory Authority issued a new investor alert called Bitcoin: More than a Bit Risky to caution investors that buying and using digital currency such as Bitcoin carry risks.
03/12/2014
A consolidated report is a single document that combines information regarding most or all of a customer's financial holdings, regardless of where those assets are held.
03/12/2014
A former banker with Credit Suisse Group AG pleaded guilty today to conspiring to defraud the Internal Revenue Service and admitted that superiors knew of efforts to hide money for U.S. customers.
03/11/2014
The agreement with prosecutors will see her jailed for up to five years—far less than the 80 she originally faced.
03/10/2014
US authorities are probing French banks Societe Generale, BNP Paribas and Credit Agricole for alleged misappropriation and violating American sanctions against other countries.
03/10/2014
A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co's agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.
03/10/2014
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast
03/06/2014
A former Merrill Lynch and Smith Barney broker, who is already in jail for fraud, was indicted again in connection with a nearly two-decade-long scheme to drain clients’ investment and bank accounts
03/03/2014
In the traditional model, the primary adviser contracts with the subadvisers and compensates subadvisers from its primary advisory fee. In the “direct-pay” model, the fund contracts with and compensates directly the primary adviser as well as
03/03/2014
Financial Company’s Reckless Incompetence Costs Accident Victim Millions, Amended Lawsuit Claims
03/03/2014
The settlement, which is a 70 percent reduction in the amount the city was liable for under the 2009 agreement, will release Detroit from claims by the banks and provide “greater certainty with respect to the city’s cash flows and liquidity,&a
02/28/2014
A colleague of former Jefferies & Co. bond trader Jesse Litvak, who is on trial in Connecticut for fraud in the trading of mortgage-backed securities, testified that it’s against the firm’s policy to lie to clients.
02/28/2014
Saying the accident left him unable to taste or smell
02/25/2014
U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well
02/25/2014
The U.S. Securities and Exchange Commission is developing a plan to step up its scrutiny of the country's largest and riskiest asset managers
02/25/2014
Bank of America is facing new probes into its mortgage practices as well as its foreign exchange business.