Weekly Regulatory Deadlines | July 15 to July 21
Court Dismisses All Charges Against Ali Sadr Hasheminejad
Kenneth Rijock's Financial Crime Blog 07/21/2020
With the curious acquiescence of the US Attorney's Office, the trial judge in the Ali Sadr case has granted the defendant's Motion for a New Trial, and thereafter dismissed the case with prejudice...
UBS To Pay SEC $10M Over Muni Bond 'Flipping' Scheme
Law360: Securities 07/20/2020
Broker-dealer UBS Financial Services Inc. has agreed to pay the top securities regulator more than $10 million to resolve claims that it allocated minicipal bonds intended for retail customers to ineligible "flippers" who resold the bonds at a profit...
SEC Urged to Help Diversify Asset-Management Industry
The Wall Street Journal 07/16/2020
Regulators should find ways to make the asset-management industry more inclusive of minority- and women-owned firms, a diverse group of investors told the Securities and Exchange Commission on Thursday...
Shocked at Expensive Stocks? Bonds Might Be Worth a Look
The Wall Street Journal 07/21/2020
Shares in American companies are the most expensive they have been in almost 20 years. Bonds from American companies aren’t even as expensive as they were this February. Are corporate bonds offering a bargain that the stock market isn’t?...