02/17/2012
Goldman Sachs Analyst Inquiry Said to Show New Focus in U.S. Insider Probe
The investigation of Henry King, the Goldman Sachs analyst covering Taiwan, shows federal authorities are expanding the insider-trading probe by U.S. Attorney Preet Bharara in Manhattan and the FBI in New York, said the person, who didn’t want to be
02/13/2012
The president of a Menlo Park hedge fund Friday became the latest figure to be indicted in the Galleon insider trading scandal that has stretched from Silicon Valley to Wall Street.
02/05/2012
Julius Baer is one of 11 Swiss banks under pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.
02/04/2012
The state is suing JPMorgan Chase, Bank of America and Wells Fargo, along with Virginia-based MERSCORP, which it called a "shell company" set up by the banks to process home loans they made but which became a dumping ground for poorly documented
02/04/2012
The IRS says it has stepped-up its internal reviews, including by designing new identity-theft-screening filters, to spot such scams before refunds are issued.
02/04/2012
The traders are charged with artificially boosting the prices of battered RMBS in 2007 to earn higher bonuses.
02/03/2012
Swiss Bank Charged With Helping U.S. Clients Evade Taxes
Prosecutors said that from 2002 to 2011, more than 100 U.S. taxpayers conspired with Wegelin
02/02/2012
In fact, the study indicates that Muslims are just as unwilling to accept Islamic law as non-Muslims.
02/02/2012
'Dead' trader found working in Las Vegas casino fined $90,000
Jones had disappeared over three decades earlier from Highland Park, Illinois.
01/30/2012
Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.
01/30/2012
One of the many regulatory changes brought about by the Dodd-Frank Wall Street Reform and Consumer Protection Act, this new “family office rule,” provides a broad exemption from SEC registration for many family offices.
01/30/2012
Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.
01/30/2012
Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.
01/27/2012
Frumento and Korenman will also lead an inter-disciplinary practice to serve the legal needs of senior officers of public companies.
01/26/2012
The inquiry being conducted by the Senate Permanent Subcommittee on Investigations could yield a report and congressional hearing later this spring, these people said.
01/26/2012
This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.
01/26/2012
“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre
01/25/2012
But one of Stanford's attorneys told jurors the financier was a resourceful businessman whose financial empire, which spanned the U.S., the Caribbean and Latin America, was real and paid investors every penny that was promised to them.
01/24/2012
On Monday, five banks — Bank of America, Wells Fargo, JPMorgan Chase, Citibank and Ally Financial — reached a draft settlement of the dispute with the states' top legal officials.
01/24/2012
Private equity firms, including Blackstone Group, are also becoming alternative asset managers and broadening their activities beyond typical private equity firms, Higgins added.