Jamille Sutton

September 23, 2014 | The American Lawyer

After months of discussions and no action, U.S. Treasury Secretary Jacob Lew on Monday announced several new rules to make it more difficult for U.S. companies to participate in inversions, where they purchase smaller international competitors and shift their tax domiciles abroad to save on taxes.

By Jamille Sutton

2 minute read

September 23, 2014 | The American Lawyer

ITT Educational Services Inc., a for-profit college operator, revealed on Friday that it faces potential civil charges by the Securities and Exchange Commission following investigations into two of its private education loan programs for its students.

By Jamille Sutton

2 minute read

September 23, 2014 | The American Lawyer

A Pennsylvania accountant was sentenced to over three years in prison for his alleged role in a conspiracy with members of an organized crime family to takeover and defraud a financial services company, the Federal Bureau of Investigation's Newark, N.J. unit announced Friday.

By Jamille Sutton

2 minute read

September 22, 2014 | The American Lawyer

In a win for securities brokerages, the Financial Industry Regulatory Authority appears to have abandoned a plan requiring brokers to reveal their signing bonuses to clients when they switch to a new employer, Reuters reports.

By Jamille Sutton

2 minute read

September 22, 2014 | The American Lawyer

By Jamille Sutton

2 minute read

September 22, 2014 | The American Lawyer

Investment advisory firm Strategic Capital Group LLC will pay close to $600,000 to settle Securities and Exchange Commission charges accusing it of participating in trades involving conflicts of interest, the agency said Thursday.

By Jamille Sutton

2 minute read

September 19, 2014 | The American Lawyer

The Securities and Exchange Commission charged a former hedge fund manager with allegedly defrauding his clients by charging them excess management fees and then using the money to buy a Porsche and remodel his home, the agency announced on Wednesday.

By Jamille Sutton

3 minute read

September 19, 2014 | The American Lawyer

A federal lawmaker has advised the Securities and Exchange Commission to do more to protect American investors from Chinese companies with risky corporate structure like that of e-commerce giant Alibaba Group, The New York Times reports.

By Jamille Sutton

2 minute read

September 19, 2014 | The American Lawyer

U.S. regulators are scrutinizing Swiss bank Credit Suisse Group over concerns that the bank has failed to heed their warnings to stop making what they believe to be risky loans, The Wall Street Journal reports.

By Jamille Sutton

2 minute read

September 18, 2014 | The American Lawyer

New York-based high-frequency trading firm Latour Trading LLC agreed to pay $16 million to settle Securities and Exchange Commission charges alleging that it violated a rule that requires all broker-dealers to maintain a certain amount of net capital.

By Jamille Sutton

2 minute read