05/01/2013
"Why all companies should embrace certain SOX principles?" RESEARCH
Sarbanes-Oxley (SOX) principles can act as a framework to assist companies in achieving strong corporate governance and internal controls.
Legal, Regulation & Compliance
04/29/2013
JPMorgan, Citibank sued Over $301 Million Mortgage Loans
These breaches have not been remedied by the responsible parties
04/29/2013
Hedge fund fined $21.5 mln for insider trading
The settlement comes after the SEC filed insider trading charges in January 2012 against Level Global's co-founder Anthony Chiasson
04/28/2013
Court gives final OK to Merrill deferred compensation settlement
The suit, filed in 2010, stems from Merrill's merger with Bank of America in September 2008.
04/24/2013
Appleby bolsters practice by promoting three new partners
Appleby has announced the promotion of three lawyers to the partnership, and the appointment of five lawyers to the position of Counsel.
04/21/2013
As U.S. Settlement For 300 Swiss Banks Dawns, Prosecution Risks Remain
More serious enablers of evasion may get more serious raps on the knuckles.
04/21/2013
Dechert, Quinn and Weil among revenue risers in growth year for US firms
All but seven saw their UK revenues rise in 2012
04/16/2013
Finra Fines Merrill Lynch $1.05 Million
In any customer transaction, a firm or its registered persons must use reasonable diligence to ensure that the purchase or sale price to the customer is as favorable as possible under current market conditions.
04/16/2013
Am Law 100 Foursome Advise on $1.3 Billion Wealth Management Sale
Announcement comes about two weeks
04/16/2013
Prosecutors Charge Swiss Lawyer, Banker in Tax-Evasion Case
Prosecutors charged Edgar Paltzer, described as a partner at a Swiss law firm
04/16/2013
Bank of America will settle one mortgage lawsuit, but analysts quickly turn to the next one
The bank portrayed the settlement as good news because it resolved the bulk of securities claims related to residential mortgage-backed securities.
04/14/2013
Billionaire Wins Trial Over Fake French Wine
The federal jury in Manhattan found against the consigner, Eric Greenberg, concluding he made fraudulent representations about the authenticity and provenance of the wine
04/11/2013
OSC accuses former CIBC, UBS investment banker of improper trades
He has negotiated a settlement agreement, which will be considered by a hearing panel on April 16.
04/09/2013
KPMG fires partner for allegedly giving private client information to a third party
The company said that the partner violated its policies and betrayed the trust of clients and colleagues.
04/09/2013
Dubai’s Mashreq sues ING over $43m investment loss
In its claim Mashreq said these revisions were “nothing more than trickery”
04/08/2013
CFTC Said to Subpoena ICAP Brokers, Dealers on Swap Prices
The CFTC plans to interview about a dozen current and former brokers at ICAP’s Jersey City
04/07/2013
BofA lawsuit settlement of US$2.43bn approved
BofA Merrill Lynch said in September last year that it rejected the allegations and was agreeing to the settlement to end the uncertainties, burden and costs associated with the lawsuit.
04/07/2013
Ex-Credit Suisse exec pleads not guilty in NYC
He is accused of distorting the value of mortgage securities in 2007.
04/04/2013
Court Revives Ex-Wife's Suit Against Billionaire
She sued her billionaire ex, his companies and his brother in December 2009, claiming they used fraud to hide millions from her during the divorce and made a lot of his money from inside trading.
04/04/2013
Millionaires Got $80 Million in Jobless Aid in Recession
“So many people are taking advantage of government support that they probably feel like, why shouldn’t they take advantage of it, too?” said George Walper Jr., president of the Spectrem Group