03/24/2013
Zamansky & Associates files another FINRA arbitration case for UBS customer
The Statement of Claim asserts that UBS's senior management hid its true views of Lehman’s financial condition
Legal, Regulation & Compliance
03/24/2013
U.S. Seeks Answers in Liechtenstein on Tax Cheats
“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter
03/21/2013
Brother of hedge fund founder indicted
He is accused of conspiring with his brother
03/20/2013
Swiss banks face US Libor lawsuit
The London Interbank Offered Rate (Libor) is used as a reference point for mortgages and other trades worth around $300 trillion
03/20/2013
Freddie Mac Sues Multiple Banks Over Libor Manipulation
Defendants’ fraudulent and collusive conduct caused USD LIBOR to be published at rates that were false
03/19/2013
Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says
“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”
03/18/2013
Supreme Court Refuses To Hear Goldman Sachs' Appeal To Financial Crisis Lawsuit
Goldman Sachs Group Inc suffered a defeat on Monday
03/18/2013
Hedge fund firm fined £9.2 million for insider trading of Dell shares
Sigma Capital Management has agreed to pay $14 million (£9.2 million) to settle charges for insider trading
03/18/2013
Paulson Seeks to Dismiss Investment Lawsuit
In a filing in New York on Monday, Paulson said it "made no misrepresentations" to ACA Financial Guaranty
03/17/2013
US hedge fund SAC pays record fine to settle insider trading allegations
SAC Capital, a hedge fund run by billionaire Steve Cohen, is to pay $600m (£397m), the biggest insider dealing fine in history
03/17/2013
Oppenheimer Holdings Accuses CIBC of Contract Breach in 2008 Deal
CIBC said in a statement that the claim is "without merit" and plans to defend itself against the suit.
03/14/2013
U.S.-China anti-tax evasion deal seen as crucial, but elusive
China is seen by some tax experts as an important participant if the U.S. China - the world's second-largest economy - is seen by some tax experts as an important participant if FATCA, is to work effectively.
03/14/2013
Credit Suisse to pay $400 million to end U.S. bond lawsuits
Investors who brought the lawsuits had bought National Century notes from 1998 to 2002.
03/14/2013
JPMorgan exec sued over 'bullying' behavior
He was a bully who resorted to physical violence to intimidate colleagues.
03/14/2013
Commerzbank, Eric Holder, and Too-Big-to-Jail
Lerner, 60, pleaded guilty this week to public-corruption charges
03/14/2013
A&O US financial services regulatory chief exits to join Milbank
He represents many of the best-known global financial institutions in their U.S. regulatory matters, including dealings with the Federal Reserve, SEC and other regulatory agencies.
03/13/2013
Ex-Credit Suisse Trader Higgs Is Cooperating, U.S. Says
Higgs and Salmaan Siddiqui, a former colleague, pleaded guilty
03/13/2013
Whoops! Swiss financial advisor accidentally mails U.S. government list of the clients he was helping dodge taxes
Everybody knows the danger of sending things inadvertently in an e-mail
03/11/2013
Oppenheimer paying investors in SEC settlement over valuation issue
Oppenheimer neither admits nor denies the findings in the settlement, and cooperated fully with the SEC.
03/11/2013
HSH Nordbank Settles 2008 CDO Suit in N.Y. Against UBS
The two sides have reached a settlement