07/29/2013
SEC sues ex-Santander executive, ex-Spanish judge for insider trading
The SEC is seeking to recover nearly $1 million of alleged illegal profit
Legal, Regulation & Compliance
07/26/2013
The shifting contours of OTC derivatives regulation
BNP Paribas Securities Services (BNP Paribas) provides the latest developments on EMIR, Dodd-Frank and the international policy framework with its latest document.
07/24/2013
Merrill Lynch managers are sexist against women: suit
Three female trainees, who were fired in early 2009 after the market collapsed, claim less-qualified men were kept on the job over them.
07/23/2013
Former UBS banker gets 18 months, $1 mln fine, for muni bid-rigging scheme
Former UBS AG banker Peter Ghavami was sentenced to 18 months in prison on Wednesday for his role in deceiving U.S. municipalities
07/23/2013
Goldman Sachs Executive David J. Greenwald Rejoins Fried, Frank, Harris, Shriver & Jacobson LLP As Co-Chair
Fried, Frank, Harris, Shriver & Jacobson LLP announced that David J. Greenwald, has agreed to rejoin Fried Frank in a leadership role.
07/22/2013
BNY Mellon survey: AIFMD will reduce choice and increase costs for fund managers and investors
New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive
07/21/2013
UBS Settles Mortgage Case for $745 Million
Swiss Bank UBS Reveals Latest in a series of Penalties to Settle Charges of Misconduct.
07/20/2013
Akin Gump expands pool of lawyers
Akin Gump Strauss Hauer & Feld is moving to bolster its cash reserves by expanding the pool of lawyers required to take an equity stake.
07/18/2013
SEC Rejects Settlement with Hedge Fund Billionaire
The Securities and Exchange Commission has rejected a preliminary settlement that its enforcement staff reached with hedge fund billionaire Philip Falcone
07/17/2013
Former Goldman Director Gupta Fined, Banned in SEC Case
Mr. Gupta, 64, is appealing his June 2012 conviction
07/17/2013
Liechtenstein Bank stows extra $33 mln for imminent U.S. Tax Deal
LLB accused of Aiding Wealthy Americans to Evade Tax
07/16/2013
U.S. seeks new approach in financial crisis criminal probes
Federal prosecutors are considering a new strategy for criminally charging Wall Street bankers who packaged and sold bad mortgage loans at the height of the housing bubble
07/13/2013
Ex-Goldman trader’s fraud trial due to begin
According to the SEC, the wolf in question is John Paulson, a hedge fund billionaire who enlisted the help of Goldman Sachs to bet against the sub-prime mortgage market using an insurance product called a credit default swap.
07/10/2013
Noted Trust & Estate lawyer brings expertise to historic firm
He brings to clients his expertise in estate and trust administration, tax planning, fiduciary litigation, and expert witness matters.
07/10/2013
Cantor & Webb Hires New Partner to Serve International Private Clients
Cantor & Webb P.A. strengthens its leadership in the field of tax and estate planning, expanding for a sixth consecutive year with the addition of new trusts and estates partner Kathryn von Matthiessen.
07/10/2013
Survey Reveals Compliance Testing Practices and Trends
The Investment Adviser Association, ACA Compliance Group, and Old Mutual Asset Management announced the results of their eighth annual Investment Management Compliance Testing Survey.
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
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