06/10/2022
Sonville also in 2018 “completed and submitted to the firm a compliance questionnaire in which he falsely stated that he had not loaned money to any customers,” the Finra letter said.
06/09/2022
A strong, front-loaded assault from the Bank of Canada will slow domestic demand and should help keep rising inflation from turning into a price spiral, economists said.
06/08/2022
The transaction is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction were not disclosed.
06/08/2022
As discussed in our prior Legal Update, the interim rule implemented new controls on “intrusion software”2 that balanced US foreign policy and national security concerns with the need for legitimate cybersecurity transactions
06/06/2022
First Financial's Credit Achiever loan and secured credit card both allow clients to make purchases from pre-funded accounts so clients can improve their credit scores.
06/06/2022
Along with the additional step of undergoing verification by an independent third party, this was a significant project for a large asset manager such as CI GAM.
06/03/2022
Data on Thursday showed private sector employment rose by just 128,000 in May, payroll processing firm ADP reported Thursday.
06/02/2022
Depending on the circumstances and the type of fund name, an 80% Investment Policy may be fundamental or non-fundamental.
06/02/2022
Former PCAOB Regulator Joins Audit Leadership Team
06/01/2022
Counsel for the investment funds leading the case will seek legal fees of up to $51.8 million
05/31/2022
The Series A funding round was led by venture capital firm Canaan
05/31/2022
The case is another proof of concept after the SEC launched its dedicated greenwashing taskforce last year.
05/30/2022
The amendment also seeks to clarify the rule’s application to derivatives investments by stating that, in applying the 80 percent requirement, a fund should use a derivative investment’s notional amount and not its market value.
05/27/2022
The causes of action related to UBS’s Yield Enhancement Strategy (YES), a managed-account options strategy product.
05/27/2022
In order to charge a “material” misrepresentation, the SEC must demonstrate a misstatement or omission that presents a “substantial likelihood” of affecting the decision-making of a reasonable investor in light of the total mix of
05/26/2022
Aims to prevent greenwashing
05/25/2022
An Administrative Law Judge initially rejected the petitioner’s claim for a sales tax refund
05/25/2022
The proposal comes amid increased scrutiny of family offices in the wake of the Archegos Capital Management meltdown.
05/25/2022
Jennifer Choi of the Institutional Limited Partners Association says the regulator’s proposal would be a big step forward, though some issues remain
05/24/2022
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