Search Results for: legal
Brokers Battle Deutsche Bank Over Selling In-House Products
September 9th, 2014
Since the market collapse of 2008, scrutiny has intensified on the way large banks and securities firms treat their brokerage customers, particularly when it comes to steering them into the firms’ own products. One possibility raised in the 2010 ...
Investigation Reveals Surprising Way Foreign Governments Buy Influence In D.C.
September 9th, 2014
An investigation by The New York Times has found that several prominent Washington, D.C. think tanks have regularly taken donations from foreign entities in exchange for using their influence over U.S. policy decisions. The damning report, published in the ...
Ex-SAC Capital trader gets 9-year sentence
September 9th, 2014
Former SAC Capital portfolio manager Mathew Martoma was sentenced to a nine-year prison term Monday for his role in what federal prosecutors called the most profitable insider-trading scheme in U.S. history. Martoma, a former financial lieutenant to billionaire hedge ...
Top Scottish firms break recession spell with £438.2m combined turnover
September 8th, 2014
Scotland’s top independent firms have pulled out of the recession in earnest in 2013/14, with the top 20 turning over a combined revenue of £438.2m, a rise of 8 per cent on £406.9m the previous year. Brodies and Burness ...
Martoma’s insider-trading conviction upheld
September 5th, 2014
The insider trading conviction of former SAC Capital portfolio manager Mathew Martoma was upheld Thursday by a federal judge. Dealing a legal setback to the former financial lieutenant for billionaire hedge fund manager Steven Cohen, U.S. District Court Judge ...
SRA hints at rethink on compliance roles
September 4th, 2014
The Solicitors Regulation Authority has hinted that it will reform its compliance officer scheme – just 20 months after the roles were introduced. In a speech this morning, the regulator’s chief executive Paul Philip said the review of the ...
Fukushima workers sue Tepco over unpaid hazard wages
September 3rd, 2014
Workers decommissioning Japan’s crippled Fukushima nuclear plant have sued its operator Tokyo Electric (Tepco) over unpaid hazard wages. The four men are demanding about 65m yen (£375,000; $620,000) in extra pay. They claim the compensation for removing contaminated debris ...
Second Trial Approaching for Rowland, Ex-Connecticut Governor
September 3rd, 2014
The accusations are similar. The judge will be different. The last time John G. Rowland, the former governor of Connecticut, appeared at the federal courthouse here as a defendant in a criminal corruption trial, he received a sentence of ...
IMF: Ukraine May Need Bigger Bailout
September 3rd, 2014
Ukraine may need as much as $19 billion in additional funds from donors if its conflict with pro-Russian separatists continues during 2015, the International Monetary Fund warned on Tuesday. Nevertheless, it said the money planned under the program is ...
Insider traders in U.S. face longer prison terms
September 2nd, 2014
U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is likely ...
