03/21/2014
Those being designated for acting for or on behalf of or materially assisting, sponsoring, or providing financial, material, or technological support for, or goods or services to or in support of, a senior official of the Government of the Russian Federat
03/21/2014
A US bank regulator has said the Volcker rule, which separates investment banking and trading practices from banks' consumer lending arms, could mean a one-off cost to the industry of up to $4.3bn.
03/19/2014
Bugatti-Driving 26-Year-Old Tied to Penny-Stock Website
Short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal.
03/19/2014
New York Attorney General Endorses A Radical Change To The Way The World Trades Stocks
This morning New York Attorney General Eric Schneiderman declared war on high frequency traders
03/18/2014
Hundreds of investors lost millions of dollars — including retirees whose life savings were wiped out by a series of Southwest Florida-based Ponzi schemes that began unraveling five years ago.
03/18/2014
Skadden Arps Slate Meagher & Flom LLP and one of its partners have prevailed in a hedge fund's legal malpractice suit over a $14 million arbitration award that was allegedly their fault, with a New York state judge ruling that the plaintiff filed
03/18/2014
Hedge-fund and mutual-fund firms will face scrutiny of their risk-management practices in a meeting today with the top U.S. derivatives regulator.
03/18/2014
A former personal banker has been sentenced to up to five years in prison and 10 years of probation for stealing more than $2 million from her clients that she used to fund a lavish lifestyle.
03/17/2014
The civil lawsuit was filed Friday in federal court in Manhattan.
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