Department of Justice

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  Barclays’ Chief Quits as Outcry Over Libor Grows

  By Marlene Y. Satter, AdvisorOne  |  July 3, 2012

  A day after he insisted he had no intention of stepping down, Bob Diamond resigned as head of Barclays Bank effective immediately, bowing to pressure from lawmakers outraged over the manipulation of Libor rates on his watch.

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  The SEC Sure Isn’t Describing the Mark Spangler I Know

  By Bob Clark, AdvisorOne  |  May 22, 2012

  A cautionary tale or a rush to judgment? Why I'm giving the benefit of the doubt to the former NAPFA chairman.

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  IRS Steps Up Fight Against Identity Theft, Phishing

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  May 14, 2012

  As if worrying about taxes weren’t enough to handle, a troubled IRS looks to prevent and detect identity theft cases.

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  SEC Enforcement Roundup: Former Morgan Stanley Exec Charged; Mother-Daughter Scam

  By Marlene Y. Satter, AdvisorOne  |  May 4, 2012

  Recent enforcement actions by the SEC include charges against a former Morgan Stanley executive for violation of the Foreign Corrupt Practices Act and a mother and daughter and their attorney in a penny stock scheme.

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  New Hire Roundup: Harris Returns to Davis Polk; Citi Private Bank Welcomes Mohammed

  By Marlene Y. Satter, AdvisorOne  |  May 3, 2012

  This week in new hires, Davis Polk welcomed back Kim Harris and Nevada Mohammed joined Citi Private Bank’s Vancouver office.

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  Pension Plans’ Fiduciary Officer Indicted for Fraud, Theft

  By John Sullivan, AdvisorOne  |  April 16, 2012

  A trustee and fiduciary for a number of employer pension plans was indicted on April 10 for 17 counts of wire fraud and 14 counts of theft from an employee pension benefit plan.

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  Raymond James Grabs Two Merrill Teams in Southeast

  By Janet Levaux, AdvisorOne  |  March 2, 2012

  A team joins the employee channel with $2.7 million in production and $853 million in assets, while the indie advisors have production of about $860,000 and total assets of $140 million.

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  Raymond James Clears Hurdle in Morgan Keegan Merger

  By Janet Levaux, AdvisorOne  |  February 28, 2012

  A stipulated period for certain antitrust procedures has ended early, the company says.

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  IRS Reopens Offshore Tax Disclosure Program

  By Melanie Waddell, AdvisorOne  |  January 11, 2012

  Wealthy get a third chance to come clean, after previous programs collected more than $4.4 billion.

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  Scope of the Fiduciary Duty Owed by Investment Advisors

  By Les Abromovitz  |  January 1, 2012

  A fiduciary obligation goes beyond the suitability standard typically owed by registered representatives of broker-dealer firms to clients. The relationship is built on the premise that the advisor will always do the right thing for the person or entity receiving advice.