In a London court, NatWest indicated guilty pleas to three criminal charges of not adequately monitoring customer accounts between 2012 and 2016. The Financial Conduct Authority (FCA) prosecuted the case against the UK bank. The FCA’s lawyer, Clare Montgomery, said: "The facts of the case are complex, the likely sentence is a very large fine." […]
Max Ballad, Legal Director at Arc Pensions Law, discusses new challenges for employers and the pensions regulator amid changes to the notifiable events regulations. The Department for Work and Pensions has launched a consultation on the government’s proposed changes to the notifiable events regulations. Section 69 of the Pensions Act, 2004 requires the trustees and employers […]
The settlement was disclosed late Wednesday and stemmed from US government investigations into illegal trading in futures and precious metals markets, commonly referred to as spoofing. Spoofing is a practice in which traders place orders with the intention of cancelling to move prices to benefit their market positions. JP Morgan did not admit any wrongdoing […]
The settlement resolves a case that had been close to heading to trial, with jury selection scheduled to begin on Monday. However, at a September 17 hearing in California, US District Judge Jon Tigar postponed it until November. The social media platform’s former CEO Richard Costolo and former COO Antony Noto denied wrongdoing in agreeing […]
Following Thomson Geer's work on the merger between Intrust and Hostplus, we speak exclusively with Scott Charaneka, Head of Superannuation and Wealth Management at THOMSON GEER about the work and the deal.
The world of work is changing and sectors like the law that are often more traditional may suffer unless they embrace hybrid working and its opportunities. We speak exclusively to Chris Leach and Josie Gammel to discuss how leaders can successfully embrace this new culture to create a better workplace.
Emerging investment advisory and wealth management firms often find themselves in a challenging position — on their “compliance heels” — when they begin operations or first become registered with the Securities and Exchange Commission. Below, Eugenie Warner discusses the obstacles facing these start-ups and offers three tips to help them add value for clients while meeting ever-greater regulatory demands.
As a nation, Cape Verde’s economy is dependent in large part upon foreign investment. Why is this, and how has the COVID-19 pandemic shaken up the status quo? We speak with Carla Monteiro to find out more about the current state of foreign investment in Cape Verde and its importance to the country as a whole.
On Friday, US District Judge Haywood Gilliam Jr certified a class of investors who purchased shares in Lyft’s IPO. The judge rejected the company’s argument that individual inquiries were required to demonstrate whether investors were aware of the issues before buying in. Investor Rick Keiner’s lawsuit criticises Lyft, its officers, and directors for failing to […]
The lawsuit, which was brought by former financial ombudsman Walter Merricks, was previously rejected by the Competition Appeal Tribunal (CAT). However, last Wednesday, the CAT authorised the landmark case which alleges Mastercard charged excessive “interchange” fees between May 1992 and June 2008. Mr Merrick’s case claims that these fees were passed on to the consumers […]
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