04/21/2020
Morningstar to Acquire Sustainalytics
The transaction consideration includes a cash payment at closing of approximately EUR 55 million
Legal, Regulation & Compliance
04/20/2020
Linda Coberly Recognized on Crain’s 2020 List of The 50 Most Powerful Women in Chicago
She is a director and immediate past chair of the Board of Directors for Heartland Alliance
04/20/2020
How Goldman Sachs’ Compliance Team Saved the Bank From Bribery Charges
The commission’s statement said, “The firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction and it is not being charged.”
04/19/2020
Protecting Business Information During the COVID-19 Pandemic
When employees report to a workplace, the employer has a high level of control over the employees’ access to and use of company information.
04/17/2020
How Banks Can Detect Money Mules in the Time of COVID-19
Most money-mule operations rely on establishing informal ties to the global financial sector.
04/17/2020
SBA Paycheck Protection Program Uses and Forgiveness
Interest payments on any other debt obligations that were incurred before 2/15/2020 (not included in calculation of forgiveness amount)
04/17/2020
How Merrill Lynch Is Preparing for SEC’s Regulation Best Interest
It’s a step up from the current standard, which requires broker-dealers to recommend investments that are merely “suitable” for clients
04/15/2020
SEC outlook and governance trends for 2020
After a flat budget for fiscal years 2016 through 2018, funding was increased in 2019 to $1.68 billion.
04/15/2020
US returns $300 million in stolen funds to Malaysia
Low and his family agreed to forfeit more than $700 million in assets and to date
04/15/2020
Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
04/14/2020
Christie’s was ordered to pay up to $16.7 million for violating New York tax laws.
The tax lapses were not limited to New York locations. Between July 2013 and January 2017, Christie’s overseas sales offices delivered $189 million worth of goods to New York buyers.
04/14/2020
Blackstone and Alnylam Enter Into $2 Billion Strategic Financing Collaboration to Accelerate the Advancement of RNAi Therapeutics
Blackstone Provides a Customized Investment at Scale to Enable Alnylam to Achieve Self-sustainable Financial Profile Without Need for Future Equity Financing
04/14/2020
Chubb Announces Grants as Part of its $10 Million Commitment to Pandemic Relief Efforts Globally
$1.7 million to International Medical Corps to strengthen hospital capacity
04/14/2020
Ex-Goldman Banker Accused by SEC of Bribing Ghana Officials (2)
“Goldman Sachs fully cooperated with the SEC’s investigation,” Spokeswoman Nicole Sharp said in a emailed statement.
04/13/2020
SEC Relief for Investment Advisers and Funds Due to COVID-19
This alert presents an overview of the principal actions the Commission and staff have taken to date to afford relief to funds and investment advisers
04/13/2020
DOJ completes its first expedited antitrust review of collaborative efforts by businesses to respond to COVID-19
The DOJ’s Business Review Letter explains its decision not to challenge those collaborative efforts.
04/13/2020
Malta seeks US help as money laundering reforms deadline looms
But the US has its own 'wish list' for Malta
04/13/2020
Fiera Capital and Fiera Investments Announce Sale of Retail Mutual Funds
This transaction builds upon our continued partnership with Fiera Capital, which has not only been beneficial to our respective firms, but also and most importantly to our investors.
04/13/2020
SEC Proposal Widens Pool of Accredited Investors
New rule introduces knowledge-based criteria for investing in private markets
04/12/2020
Governance amidst disruption - crisis management pointers for stakeholders in uncertain economic times
Needless to say, managers and investors alike may generally want to avoid taking advantage of the current market volatility for short-term gain.