04/23/2012
SEC Charges British Twin Brothers Touting "Stock Picking Robot" in Internet Pump-and-Dump Scheme
The Securities and Exchange Commission today charged twin brothers from the U.K. with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme in which they touted a fake “stock picking robot” that purportedly i
04/23/2012
The Securities and Exchange Commission has charged a Boston-based father-son duo of hedge fund managers and their firms with securities fraud for misleading investors about their investment strategy and past performance.
04/20/2012
The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r
04/20/2012
It was one of the few cases to reach the appellate level in which a sophisticated investor accused a bank of profiting unjustly by being negligent in marketing and selling a product.
04/20/2012
The investigation of the Goldman employee was divulged during a hearing involving the insider trading case against former Goldman board member Rajat Gupta.
04/19/2012
Within its announcement of the final regulations, the Treasury and the IRS have attempted to confront some of the questions and opposition that the reporting rule has previously raised in Congress and the US financial sector, in that it has been forecast
04/18/2012
In an exclusive interview with the Star, Wise told his story, trying to explain how his life took so many wrong turns.
04/16/2012
This was illustrated in early April, when the US futures regulator filed a lawsuit against Royal Bank of Canada.
04/16/2012
In the latest attempt to end the long-running dispute, Switzerland's Federal Council has now authorized banks to hand over email traffic in connection with such clients to U.S. prosecutors, the Tages-Anzeiger newspaper reported.
04/16/2012
His latest project is the forthcoming Fragile by Design: Banking Crises, Scarce Credit, and Political Bargains, co-authored with Stanford University political science professor Stephen Haber; the book takes a fresh look at the connection between politics
04/16/2012
U.S. District Judge Richard Sullivan assessed the damages in a breach-of-contract suit involving a derivatives transaction in 2008, according to a filing dated April 10 in Manhattan.
04/13/2012
While the primary purpose of the U.S. Congress in repealing the Private Adviser exemption was to require advisers to private funds to register, Congress created three more limited exemptions from investment adviser registration.
04/13/2012
He was recently honored by the Federal Bar Association for his work investigating a complaint filed against a sitting U.S. district judge in New Orleans; in 2008, the judge was convicted and removed from office.
04/11/2012
As a result of the above conduct involving an “unspecified unregistered security,” Claimants sought a rescission of their investment, or, in the alternative at least $150,000 in compensatory damages, punitive damages, interest, costs, expenses
04/10/2012
U.S. District Judge Andrew Guilford in Santa Ana, California today issued a “tentative” opinion rejecting Olenicoff’s lawsuit against Zurich-based UBS, the largest Swiss bank.
04/10/2012
At Lex Mundi Ms. Fine will support 160 member firms in 120 countries in their member firms in their learning initiatives and will develop global training programs.
04/05/2012
Morgan Stanley has acknowledged that it will be responsible for satisfying any civil money penalty that the Board of Governors could have assessed against Saxon for its conduct.
04/05/2012
Billionaire David Rubenstein, co-founder of private equity firm The Carlyle Group, says he's willing to pay more in taxes, but lawmakers need to do their job and change the law.
04/05/2012
A veteran employee for Minneapolis-based Ameriprise Financial Services has been sentenced to three years in prison for using his "limitless access" to customers' confidential information to steal more than $180,000 in a conspiracy entangled
04/04/2012
The group also called today for regulators to “keep up their efforts” to ensure that they meet a January 2013 deadline to adopt further requirements, known as Basel III.