10/23/2012
Brazil Yacht Boom Faces Tax Drive as Wealthy Multiply
Brazil’s warm climate, long coastline and growing economy have enticed both shipbuilders and boating enthusiasts to its shores in recent years.
Legal,Regulation,Tax & Compliance
10/23/2012
Gadgets add complexity to brutal bank layoffs
Sackings are usually swift, with bankers escorted out
10/23/2012
SIFMA Chair Calls For Improved Transparency, Risk Management
Raymond James executive Chet Helck called for a year of working to restore public trust and confidence
10/23/2012
Singapore bank to Uncle Sam: ‘Stick it where the sun don’t shine…’
Of course, what better way to boost the economy than to pass more laws? It’s genius!
10/23/2012
Global law firm launches cross-border listings app for Apple devices
The free app, available now on the App Store, is an interactive and robust legal tool designed to help investment bankers, CFOs, in-house counsel and other members of management as they consider global listing options.
10/21/2012
U.S. Prosecutors Want Corporate Crook Rajat Gupta Jailed For Ten Years
“Gupta held positions of extraordinary privilege and prestige,” said Assistant US Attorney Richard Tarlowe in a court filing Wednesday, according to the Wall Street Journal.
10/18/2012
UBS found 3 other unauthorized trading incidents, court told
Adoboli, 32, faces two counts of fraud and two of false accounting, which he denies
10/17/2012
William Galvin goes after Putnam Investments
Massachusetts’ top financial cop cracked down on Putnam Investments yesterday
10/17/2012
SEC Charges Hedge Fund Adviser and Two Executives with Fraud
Edward Schinik enticed pension funds
10/17/2012
Ex-Swiss banker may be helping US in tax probe-lawyers
Bagios is a central figure in the probe by the U.S. Department of Justice into offshore tax evasion
10/16/2012
Standard Life 'goes live' with adviser charging on key post-RDR products
Standard Life 'goes live' with adviser charging on key post-RDR products
10/16/2012
Ex-Banker Girlfriends Doubled Money on Insider Trading
“These two women managed to almost double their money by trading on just one stock
10/16/2012
Tycoons in £100m war on fraud police
Flamboyant property tycoons Robert and Vincent Tchenguiz could sue the Serious Fraud Office
10/16/2012
SocGen to suspend some Japan activities
FSA - Financial Services Agency : Administrative Actions against Société Générale Private Banking Japan Ltd.
10/15/2012
UBS CFO Says 550 Fired After $2.3 Billion Trading Loss
Bonuses at the investment bank were also reduced by about 60 percent after the loss.
10/15/2012
Ayrault Says Art Will Not Be Included in French Wealth Tax
The French government will not include art works in its wealth tax, the prime minister and budget minister said in separate interviews today.
10/14/2012
Esma rejects Aima/BVI challenge
The European Securities and Markets Authority has rejected last-ditch attempts by two trade associations representing fund managers to reconsider new guidelines aimed at strengthening investor protection and harmonising regulatory practices.
10/14/2012
Two grad students discovered Libor rate rigging in 2010
Students Connan Snider and Thomas Youle were repeatedly turned down by academic finance journals
10/14/2012
HMRC tightens screw on expat workers in City
HMRC received £117.2m from its expat team’s compliance work in 2011-12, on top of the tax already paid by foreign workers in the City.
10/14/2012
Barclays fined by Asic for client money infringement
In determining the appropriate penalty in this matter, the Markets Disciplinary Panel took into account all relevant guidance in ASIC