10/14/2013
Merrill Lynch agrees to settle race bias suit for $160M
The case worked its way through the federal court system for eight years—including two trips to the U.S. Supreme Court—before the parties agreed to settle it.
Legal, Regulation & Compliance
10/13/2013
US joins UK in probing foreign exchange trades
THE US is set to join Britain’s regulators in investigating possible market manipulation in foreign exchange.
10/11/2013
Deutsche Bank’s Jain Says FX Allegations Eroding Trust
Deutsche Bank AG Co-Chief Executive Anshu Jain, whose company is the world’s biggest trader of currencies
10/10/2013
Bank examiner 'fired by Fed over critical report on Goldman Sachs'
Goldman Sachs has a comprehensive approach to addressing conflicts through firm wide and divisional policies and infrastructure
10/10/2013
Most Highly Regarded Firms: Information Technology 2013
The firm’s depth of expertise is evidenced with listings spanning the breadth of its international offices.
10/10/2013
Williams Capital Appoints Northern Trust for Mutual Fund Services
The appointment for mutual fund services extends a long-term strategic relationship between Northern Trust and the asset manager's parent company
10/09/2013
Barclays Faces US Fine From Regulators Over Power Price Manipulation Charges
Scandal-hit UK bank to face $470m penalty and a handover from Ferc for allegedly manipulating electricity prices in California
10/06/2013
HSBC unit takes fraud hit
The lender had earlier agreed to pay US$484 million in fines to settle claims lodged by more than a dozen state
10/06/2013
SEC Sees Flaws in new Treasury Asset Manager report: sources
Federal securities regulators had warned of flaws in a U.S.
10/06/2013
Shepherd Smith Edwards & Kantas LLP Continues Investigating Claims Involving UBS Proprietary Puerto Rico Bond Funds
UBS, the single largest and most influential brokerage firm in Puerto Rico, has recently begun to see devastating losses in many of its clients' accounts as a result of its proprietary bond funds.
10/03/2013
Jefferies Ordered to Pay Ex-Employee's Costs in Fraud Case
Jefferies & Co. was ordered to pay expenses including legal fees of Jesse C. Litvak, a former Stamford-based managing director accused of defrauding customers on trades of mortgage-backed securities.
10/03/2013
Controversial judge to play huge role in JPMorgan settlement
Judge Denise Cote doesn't conjure up a lot of warm and fuzzy feelings in Wall Street legal circles.
10/02/2013
SEC Final Rules on General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings
The Jumpstart Our Business Startups Act 2012 required the SEC to amend its Rule 506 to permit general solicitation and general advertising in certain securities offerings
10/01/2013
Creation of new global force in legal sector – one year on
October 1 2013 marks the first-year anniversary of Herbert Smith Freehills following last year's landmark full-equity merger, which was one of the largest ever in the legal sector.
10/01/2013
J.P. Morgan lawsuit costs are growing, while Bank of America’s may be headed other way
The bank is aware that the cost is almost certainly mounting.
10/01/2013
Algosaibi Strikes Deal With Fugitive Banker
AHAB announced yesterday that it had reached a settlement with American citizen Glenn Stewart
10/01/2013
Report: Spain Will Likely Extradite The JP Morgan Trader Connected To The London Whale Debacle
Another day, another legal headline for JP Morgan.
10/01/2013
Prominent REIT Lawyer Joins Global law firm as Partner
He advises both publicly-traded and non-listed REITs in equity and debt offerings, merger and acquisition transactions and internalization transactions.
09/29/2013
Red Flags Rules Simplified - Pershing
Certain SEC-regulated entities are required to establish programs that detect and respond to red flags of identity theft.
09/29/2013
Billionaire Mark Cuban Heads To Trial For Insider-Trading Case
With the Dallas Mavericks' season-opening game still a month away, the basketball team's outspoken owner, Mark Cuban, will be seeing a different kind of court this week.