U.S. Department of Justice

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  FINRA Slams Three Firms for Anti-Money Laundering Violations

  By Melanie Waddell, AdvisorOne  |  May 8, 2013

  FINRA announced Wednesday that it has fined three firms a total of $900,000 for failing to establish and implement adequate anti-money laundering programs and other supervisory systems to detect suspicious transactions.

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  UBS to Pay $1 Billion for Libor Manipulation

  By Melanie Waddell, AdvisorOne  |  December 13, 2012

  UBS will pay $1 billion to settle allegations that it manipulated Libor, according to the Financial Times and other publications. The news about UBS’ settlement will likely be made public on Monday.

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  SEC, FINRA Enforcement Roundup: Merrill Slapped With $500,000 Fine

  By Marlene Y. Satter, AdvisorOne  |  September 27, 2012

  Recent FINRA actions include a $500,000 fine against Merrill Lynch for failing to file required reports, and a joint action with the SEC and the exchanges against Hold Brothers.

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  Swiss Banks Giving Up Employees to IRS, DOJ

  By Marlene Y. Satter, AdvisorOne  |  August 16, 2012

  Thousands of employees of Swiss banks are finding that their employers are hanging them out to dry in exchange for hoped-for leniency in connection with American accounts involved in a tax evasion investigation.

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  SEC, FINRA Enforcement Roundup: Doctors Fined for Insider Trading

  By Marlene Y. Satter, AdvisorOne  |  July 12, 2012

  Recent actions also include fines for a medical device company accused of bribing the Mexican government and a suit filed by an investment company against breakaway brokers.

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  DOL Enforcement Roundup: Two Accused of Misusing Pension Funds

  By Marlene Y. Satter and Melanie Waddell, AdvisorOne  |  June 15, 2012

  The director of an Illinois-based investment management firm was ordered to restore $1.2 million to four pension plan client accounts, while an advisor was accused of misusing $3.2 million in retirement plan funds.

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  New Hire Roundup: Solomon Named to SEC; Securities America Welcomes Lindsey

  By Marlene Y. Satter, AdvisorOne  |  April 19, 2012

  This week in new hires, Matthew Solomon joined the SEC's enforcement division and John Lindsey went to Securities America.

• Nasdaq, ICE Drop Bid for NYSE on DOJ's Antitrust Move

  By Michelle Chapman  |  May 16, 2011

  Nasdaq and IntercontinentalExchange on Monday withdrew their joint $11 billion bid for the parent of the New York Stock Exchange after the U.S. Department of Justice informed the companies that it would pursue a lawsuit to block the deal.

• UBS Admits to Tax Evasion, to Pay $780 Mn

  By Janet Levaux, AdvisorOne  |  February 19, 2009

  On February 18, UBS announced that it had reached a $780 million deal with the U.S. Department of Justice. It also admitted to helping U.S. taxpayers hide accounts from the IRS.

• FTC Fines Sacane; Other Hedgers Put 'On Notice'

  By Staff Writer  |  October 11, 2005

  WASHINGTON (HedgeWorld.com)--The Federal Trade Commission announced that Scott Sacane, founder of the biotech-equity hedge fund Durus Life Sciences Master Fund Ltd., has agreed to pay a civil penalty to settle a complaint filed Monday (Sept. 26) in federal district court. The complaint, brought by the U.S. Department of Justice at...