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.
04/04/2012
A class of Merrill Lynch financial advisers who claim the firm denied them pay and promotions because they are black won another legal victory when the 7th Circuit declined to review its earlier order to certify the class.
04/04/2012
SEC hits Pentagon with biggest fine on foreign group
The hedge fund of a Conservative Party donor has been fined $98 million for market abuse.
04/03/2012
The class could include up to 700 advisers and trainees who worked at the firm since 2001.
04/03/2012
Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, financial protection coverages, and independent advi
04/02/2012
Dexia said in its suit that Merrill Lynch made similar misrepresentations concerning the securities the Belgian bank invested in.
03/30/2012
That is about a 70 percent increase from the 750 advisers the agency said as recently as July that it expected to register.
03/29/2012
Wells Fargo faces investors' class-action suit
The lawsuit, filed in 2010 by the City of Farmington Hills Employees Retirement System, a Michigan pension fund, on behalf of more than 100 other institutional investors, claimed breach of fiduciary duty and fraud. The investors sought to be allowed to pu
03/27/2012
Mace led Dewey’s Lloyd’s of London and Lloyd’s Market practices while at the US firm.
03/27/2012
Gibson, Dunn & Crutcher has announced that the firm was nominated by Chambers and Partners for its USA Awards for Excellence in six categories.
03/26/2012
The contract that Herbert agreed to said he would be paid 24 million rand or $3.1 million, but JPMorgan officials said they meant to put a decimal point between the two and the four, making his actual pay 2.4 million rand.