Updated Thursday, November 27, 2014 as of 11:12 PM ET
HSBC's Swiss Private Banking Unit to Pay $12.5 Million to Settle U.S. Charges
The SEC charged the firm with violating federal securities laws by providing unregistered cross-border brokerage and investment advisory services to U.S. clients.
More in Regulatory/Compliance
With new bank chartering at a standstill, the FDIC has issued new guidance on de novo capital requirements and other issues in part to "demystify the application process." more »
UBS sought damages for breach of employment contract; an ex-UBS advisor countered that he brought in $20 million in net new assets. more »
Senate Democrats hammered William Dudley, president of the Federal Reserve Bank of New York, at a highly anticipated hearing on Friday, demonstrating the growing pressure the central bank is under to take harsher actions against banks and restrict examiners from defecting to institutions after leaving service. more »
The San Diego-based advisor allegedly participated in private securities transactions that resulted in two elderly investors losing more than $340,000. more »
With part of Nicholas Schorsch's real estate empire fracturing into warring factions, a chunk of his fortune may depend on whether RCS Capital can distance itself from the accounting missteps at American Realty Capital Properties. more »
A FINRA arbitration panel ordered an ex-Merrill Lynch advisor to pay his former employer more than $400,000 in damages. more »
FINRA hands out 18-month suspension, $10,000 fine and $233,000 in 'disgorgement' for selling away and nondisclosure issues, documents say. more »
As the pace of cyberattacks increases, asset managers are taking a hard look at their cyber insurance coverage to make sure that it will cover them should they become a target. more »
The two self-regulators are proposing rules that would require dealers as principals to disclose to customers a “reference price” of the same security traded that same day as well as the difference between that price and the customer’s price. more »
Point72 Asset Management said it took a 5.1% passive stake in RCS in a Nov. 14 regulatory filing. more »
Advisors need to face a hard truth: Independent RIAs have lost this round. Fortunately, there are other, better ways to set yourself apart. more »
RCS Capital said it was contacted by FINRA and the SEC after accounting errors were disclosed at American Realty Capital Properties. more »
Regulators say clearing firm noticed an “irregularity;” SEC says thefts occurred over a 10-year period. more »
The November Issue is now online!


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