07/09/2013
Wells Fargo Advisors ordered to pay $2.8 million over Wachovia claim
We’re disappointed in the panel’s decision and don’t believe it was warranted by the facts presented during the hearing
Legal, Regulation & Compliance
07/09/2013
SEC Approves JOBS Act Requirement to Lift General Solicitation Ban
The Securities and Exchange Commission today adopted a new rule to implement a JOBS Act requirement to lift the ban on general solicitation or general advertising for certain private securities offerings.
07/09/2013
Newedge Fined $9.5 Million for Failure to Supervise Trading
To fined $9.5 million by regulators and exchanges for breaking rules including a failure to supervise trading by clients.
07/08/2013
Thomson Reuters Suspends Early Distribution of Consumer Data
The news and information company has an agreement with the University of Michigan to allow some of its clients to receive the data 2 seconds before its other clients
07/08/2013
Handler Thayer Named Best Private Client Law Firm in North America
Family Office Review, the London-based, global wealth online magazine for ultra-high net worth families and wealth advisors
07/02/2013
HSBC wins OK of record $1.92bn money-laundering settlement
A federal judge has approved HSBC Holdings Plc's record USD 1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions
07/02/2013
JPMorgan, Bank of NY Mellon win dismissal of forex lawsuits
JPMorgan Chase & Co and officials at Bank of New York Mellon Corp won the dismissal of lawsuits accusing them of overcharging clients for trading currencies.
07/01/2013
KPMG partner guilty of US insider trading
Shaw has pleaded guilty to one count of conspiracy and could face up to five years in prison when he is sentenced.
07/01/2013
Withers bolsters partnership with eight promotions
The appointments bring the firm’s total number of partners
07/01/2013
Private Client Practices Can Hedge E-Discovery Work
Armies of Junior Associates for E-discovery may not be a viable law firm practice in the future.
06/30/2013
London tax lawyer in 71-strong partner round at Global law firm
The Firm also reported that it has added 60 lateral partners in key practice areas and jurisdictions over the past year.
06/30/2013
Directors' remuneration reporting reforms — legislation finalised
The new regime is being implemented partly through changes to the Companies Act 2006 and partly through new regulations to be known as the Large and Medium-Sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 (Regulations).
06/27/2013
Former Swiss banker pleads guilty to U.S. tax evasion
A former Swiss banker faces up to five years in jail after pleading guilty to dodging U.S. taxes and paying a $1.5 million fine before being sentenced, the U.S. Department of Justice said on Friday.
06/26/2013
Global ETF regulation proposed
The International Organisation of Securities Commission (IOSCO) has issued a report outlining how it wants exchange traded investment vehicles regulated globally.
06/24/2013
Fox Rothschild Expands Denver Practice With Lottner Rubin
Five associates and one counsel will allow Fox Rothschild to expand its offerings both in Colorado and in the Mountain West region
06/24/2013
Libor scandal: regulators launch global review
Mark Carney, chairman of the Financial Stability Board and incoming Governor of the Bank of England
06/20/2013
KPMG Again Ranked Among World's Best Outsourcing Advisors
KPMG receives highest designation of "balanced performance" by leading industry organization
06/19/2013
ABN AMRO clearing unit fined $1M over account breaches
Settling the charges without admitting or denying wrongdoing
06/19/2013
SimCorp Webinar Addresses Challenges with Growth and Regulatory Requirements
Following on the heels of the global financial crisis, progressively more legislative regulation has been initiated to increase control and supervision.
06/11/2013
SEC fines CBOE $6 million for regulatory and compliance failings
The financial penalty is the first assessed against an exchange for violations related to its regulatory oversight. Previous financial penalties against exchanges involved misconduct on the business side of their operations.