The Financial Industry Regulatory Authority has fined
Santander Securities LLC for failing to capture 6 million of its
employees' emails for review over five years in violation of
industry rules requiring securities firms to monitor broker
A federal judge in Ohio appointed Robbins Geller Rudman &
Dowd as lead counsel in a shareholder lawsuit against utility
FirstEnergy Corp over alleged bribes to a state lawmaker, saying
that in addition to representing the client with the largest
loss, he was "impressed" by the diversity of the lawyers on the
Pinterest has been hit with a proposed class action in San
Francisco federal court accusing it of misleading the market
about its ability to increase users in the United States.
The U.S. Securities and Exchange Commission sued the founder
of San Francisco-based e-commerce startup Benja Inc on Monday,
alleging he set up calls with fake customers and investors to
lure venture funding to the company.
A former Goldman Sachs banker facing criminal charges in the
United States over his alleged involvement in Malaysia's 1MDB
corruption scandal has told a Brooklyn federal court that the
U.S. Department of Justice's settlement with the bank violates
his right to a fair trial.
Two judges on a 2nd U.S. Circuit Court of Appeals panel
seemed inclined to revive a lawsuit against a Lebanese bank for
providing financial services to alleged Hezbollah affiliates,
questioning during oral arguments on Thursday whether a lower
court ruling dismissing the case had adhered to the correct
Law firm Selia Law argued to the 9th U.S. Circuit Court of
Appeals on Thursday that the Consumer Financial Protection
Bureau must start from scratch in its investigation of the
Orange, California-based firm after a U.S. Supreme Court ruling
held the CFPB's one-director structure unconstitutional.
A group of multinational banks accused by institutional
investors of collusion in the foreign exchange market urged a
Manhattan federal judge to block the investors from paying a
former trader at Barclays and BNP Paribas who pleaded guilty in
a related criminal case $400 an hour to act as a consultant.
The Federal Trade Commission on Wednesday sued Beam
Financial in San Francisco federal court accusing the company of
misleading users of its mobile banking app about interest rates
and the availability of their funds.
The 2nd U.S. Circuit Court of Appeals will hear oral
arguments on Thursday in an appeal by victims of Hezbollah
rocket attacks, in one of several cases posing the question of
when banks can be sued for aiding and abetting terrorism by
providing financial services.