NEWS & GUIDANCE
The court filings are flying in the U.S. v. Newman insider trading case (IA Watch, Dec. 11, 2014). On Jan. 23, both the DOJ and SEC filed briefs seeking a rehearing of a December appellate court ruling seen as negatively affecting prosecutors’ ability to bring insider trading actions. At the same ti...
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Firms that remain stingy when it comes to supporting a compliance department should heed the lessons spawned by Ambassador Capital Management. The Detroit-based RIA once rode high, managing $1.3 billion in AUM, largely through a money market fund marketed to municipalities throughout Michigan.   Now...
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Continued AML program failures have now ratcheted up the penalties imposed on Oppenheimer & Co. tenfold. The New York-based dual registrant will pay a total of $20 million to settle parallel SEC and FinCEN charges tied to AML program deficiencies and the improper sale of penny stocks. Oppenheimer h...
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