10/21/2013
Ex-Jefferies Executive Loses Bid to Toss TARP Charges
Alleged victims include investment funds, among them six established by the U.S. Treasury Department in 2009 as part of its response to the financial crisis.
Legal, Regulation & Compliance
10/21/2013
SEC Questions Nuveen About Puerto Rico Investor Meeting
The Securities and Exchange Commission asked Nuveen Asset Management to provide information about a private gathering where Puerto Rican government officials discussed their financial plans with investors
10/19/2013
JPMorgan 'in $13bn deal with US Justice Dept'
The tentative deal, the largest ever between the US government and a single company, does not release the bank from criminal liability for some of the mortgages
10/16/2013
Morgan Stanley to Face Group Suit by Singapore Investors
A group of Singapore investors who lost money on $154.7 million in credit-linked notes were allowed by a U.S. judge to pursue their lawsuit against Morgan Stanley as a group.
10/16/2013
HSBC Hit with $2.46-bln Judgment in U.S. Class Action
The judgment by U.S. Judge Ronald Guzman in Chicago was the largest in a securities fraud class action that went to a trial
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.
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.