Isobel Markham

June 25, 2014 | The American Lawyer

A five-member committee within the New York Department of Financial Services has chosen Neil Barofsky, the former watchdog of the U.S. government's bank bailout program, to monitor Credit Suisse Group AG's compliance with a tax evasion settlement that it reached with federal and state authorities.

By Isobel Markham

2 minute read

June 25, 2014 | The American Lawyer

Federal authorities are seeking information from Dallas-based dairy and soy company Dean Foods Co. and cleaning products company Clorox Co. as part of an ongoing insider trading probe into the activities of investor Carl Icahn, sports bettor William Walters and professional golfer Phil Mickelson, sources told The Wall Street Journal.

By Isobel Markham

3 minute read

June 25, 2014 | The American Lawyer

The Financial Industry Regulatory Authority has withdrawn its proposal requiring brokers to tell their clients about signing bonuses and other compensation they receive for moving to a new firm, Reuters reports.

By Isobel Markham

3 minute read

June 24, 2014 | The American Lawyer

The Financial Industry Regulatory Authority has begun the process of migrating its surveillance and other watchdog duties to cloud computing in a move aimed at dramatically boosting the regulator's capabilities, two agency officials told Reuters.

By Isobel Markham

2 minute read

June 24, 2014 | The American Lawyer

The Financial Industry Regulatory Authority, Wall Street's self-regulator, has barred former Raymond James Financial broker Claus Foerster following allegations that he stole around $3 million from 13 clients through a long-running Ponzi scheme he had been operating since 2000, The Wall Street Journal reports.

By Isobel Markham

2 minute read

June 24, 2014 | The American Lawyer

The Securities and Exchange Commission has charged West Palm Beach, Fla.-based hedge fund advisory firm Weston Capital Asset Management and its founder and president Albert Hallac with fraudulently transferring money from one investment to another without informing investors.

By Isobel Markham

2 minute read

June 23, 2014 | The American Lawyer

The Securities and Exchange Commission has filed a lawsuit in the Southern District of New York in an attempt to force the House Ways and Means Committee and a top House health care aide to hand over documents for which the agency has issued subpoenas, The Wall Street Journal reports.

By Isobel Markham

3 minute read

June 23, 2014 | The American Lawyer

Philadelphia-area private equity firm TL Ventures Inc. has agreed to pay almost $300,000 to settle Securities and Exchange Commission charges that it violated "pay-to-play" rules.

By Isobel Markham

2 minute read

June 23, 2014 | The American Lawyer

In a speech at the Economic Club of New York on Friday, Securities and Exchange Commission Chair Mary Jo White laid out her plans to make the bond markets fairer for small investors, The Wall Street Journal reports.

By Isobel Markham

3 minute read

June 20, 2014 | The American Lawyer

The chairman of a U.S. Senate Banking Committee panel is urging the Securities and Exchange Commission to pick up the pace on its work to create an audit trail to track financial trades and police markets, Reuters reports.

By Isobel Markham

2 minute read