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Legal, Regulation & Compliance

05/24/2020

How ‘Baby Al Capone’ pulled off a $23.8 million crypto heist

Ellis’ bedroom in the $1.3 million home he shared with his family, including his NYU Langone-physician mother, had three computer monitors for playing his favorite games, Counter-Strike and Call of Duty.

05/24/2020

The COVID Crisis Law Firm Layoff Tracker: What’s Your Firm Doing To Survive?

The latest updates on the salary cuts, furloughs, and layoffs that are taking over the legal industry.

05/24/2020

Sales tax legislation – the bane of the art market?

The use of a foreign trade zone for artworks is often unnecessary anyway, because (with some exceptions) U.S. customs duties typically do not apply to artwork.

05/22/2020

CI Financial buys remaining stake in WealthBar

The 25% minority stake purchased by CI had been held by WealthBar executives.

05/22/2020

COVID-19 – Global Implications for Anti-Money Laundering and Counter-Terrorist Financing

With criminals trying to take advantage of pandemic fears, regulators and national governments have warned against an increase in criminal scams and laundering opportunities often associated with crises like the current pandemic.

05/22/2020

BNY Mellon Announces Redemption of Floating Rate Senior Bank Notes Due 2021

The Notes have an aggregate principal amount of $1,250,000,000.

05/21/2020

Regions Bank Announces Results of Tender Offer for 2.750% Senior Bank Notes

The Settlement Date for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time is expected to be May 21, 2020. The purchase of the Notes will be funded by cash on hand.

05/21/2020

Proxy adviser urges removal of Lee Raymond from JPMorgan board

Largest US bank under pressure from Glass Lewis to demote 81-year-old former ExxonMobil chief

05/21/2020

Venezuela sues Bank of England to force access to $1bn gold reserves

The request, which was originally made in April, said the central bank was seeking “an order requiring BoE to comply with the proposed instruction”.

05/21/2020

DriveWealth Brings U.S. Stock Investing Capability to India-Based AI Wealth Management Firm

INDmoney Integrates DriveWealth's Technology into SuperMoneyApp

05/20/2020

Mayer Brown wins “Team of the Year: Structured Finance and Securitization”

T&C played a prominent role in this groundbreaking transaction in a challenging regulatory environment by advising CDPQ and Engie in corporate, regulatory, tax, compliance, litigation, real estate, labor and antitrust aspects.

05/20/2020

Tiger Merger Sub Co. Extends Expiration Date to June 2, 2020

The Tender Offers and Consent Solicitations are subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated March 10, 2020, relating thereto (the “Offer to Purchase”).

05/19/2020

FINRA Pledges to Avoid Playing 'Gotcha' with Reg BI Enforcement

Initially, most enforcement actions will pertain to infractions the agency would have pursued under the suitability standards regardless, according to FINRA's head of enforcement.

05/15/2020

Barwick Bank signs for Finastra Fusion Phoenix

This announcement builds on Fusion Phoenix’s strong momentum in the past year, with a number of banks, including Seattle Bank and FNBT, selecting the core.

05/15/2020

Am Law 200 Firm Asks Associates To Make ‘Temporary Financial Sacrifice’

Associates will take a 20 percent cut.

05/13/2020

JPMorgan Chase Drops Out of Bidding for Wealth Manager

This includes $50 million in a Series F round led by IGM Financial in February 2019.

05/13/2020

SEC Obtains Receiver Over Florida Investment Adviser Charged With Fraud

The complaint charges TCA and TCA-GP with violating the antifraud provisions of the federal securities laws, and seeks permanent injunctions, disgorgement of allegedly ill-gotten gains with prejudgment interest, and financial penalties.

05/13/2020

U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case

The Justice Department and SEC have not said publicly why the RBS settlement was deemed ineligible. The SEC declined to comment while the Justice Department did not immediately provide comment

05/12/2020

SEC sues Florida investment firm over alleged inflated portfolio value

The SEC suit, filed Monday, contends TCA overstated its funds' values by over $150 million as of last fall. TCA was cited in a January NBC News report.

05/12/2020

Magic Circle Firm Suspends Partner Distributions And Freezes Attorney Pay

Freshfields is also considering optional reduced hours for employees that want that flexibility.

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