Aiding and Abetting: How Client Wrongdoing Can Hurt You
Most financial advisors would refuse to aid and abet a client in breaking the law. But sometimes the situation isn't so clear-cut.
Hefty Penalties Hardly Make JPMorgan Flinch
The past year was a tough one for JPMorgan Chase: The bank had to fork over close to $20 billion in penalties that were levied by various regulators.
JPMorgan to Pay More Than $2 Billion for Madoff Oversight Failure
“We recognize we could have done a better job pulling together various pieces of information and concerns about Madoff,” said JPMorgan Chase.
The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?
An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress’ time would be better spent increasing the likelihood that the SEC will catch anyone—by, oh, I don’t know, maybe increasing their funding?
SEC's Top Compliance Officer Leaving for Private Sector
John Walsh, associate director and chief counsel in the SEC's Office of Compliance Inspections and Examinations (OCIE), plans to retire from the agency at the end of September.
Bitter Madoff Bemoans Fate
Convicted con man Bernie Madoff may be gone, but he’s far from forgotten. Speaking by phone from federal prison in Butner, N.C., to The New York Times recently, Madoff offered his first comments about the judge and the sentence, which will have occurred two years ago on Wednesday.
Madoff Trustee's Lawsuit Against JP Morgan ‘Appropriate and Overdue,' Says NIAP President
Ron Stein says efforts to recover funds should be focused on the guilty parties.
Lessons Learned from the Bernard Madoff Scandal
What do the Royal Bank of Scotland, Nomura Holdings (Japan), the Elie Wiesel Foundation for Humanity, Yeshiva University, Tremont Group Holdings, Steven Spielberg's Wunderkinder Foundation...