08/16/2012

Hall of Fame Football Coach Accused in Ponzi Scheme

The Securities and Exchange Commission has announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80 million Ponzi scheme that included other college coaches and former players among its victims.

08/15/2012

JPMorgan, UBS Said Among Banks Queried in Libor Probe

Subpoenas were sent in recent weeks to five of the banks, Deutsche Bank AG (DBK), Royal Bank of Scotland Group Plc and HSBC Holdings Plc (HSBA) in addition to JPMorgan and Barclays, said the person. Citigroup Inc. (C) and UBS AG (UBSN) received subpoenas

08/15/2012

HSBC dealings in Middle East in spotlight

But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.

08/13/2012

Porsche fails to halt US hedge fund lawsuit

Porsche SE, a holding company, whose carmaking business in now owned by Volkswagen, said late on Wednesday it continued to believe the damage claims were without factual and legal merit, adding it would appeal against the decision.

08/12/2012

Former Barclays trader "has cooperated" with Libor probe

The hedge fund, WCG Management, sent an email to its investors on Sunday informing them that the $3.4 billion fund is not under investigation in the Libor probe, but confirmed that portfolio manager Ryan Reich has drawn scrutiny from U.S. prosecutors.

08/09/2012

CISI and FINRA announce cooperation on exams and membership

The FINRA/CISI MoU will ensure that relevant FINRA members holding the Series 7 – General Securities Representative Examination -- will be able to maintain or achieve authorisation as Retail Investment Advisers in Securities and/or Derivatives from