Associated Press

Associated Press
Displaying 536 results
NEWS RIAS JAN 04, 2010
Swiss unveil criteria for tax disclosure on private accounts

U.S. clients with more than 1 million Swiss Francs in offshore accounts with UBS could be ratted out.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 04, 2010
UBS fined $13.3M over unauthorized trades in clients' accounts

Swiss bank UBS AG has been fined 8 million pounds ($13.3 million) for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator said Thursday.

RETIREMENT TAX JAN 04, 2010
Former UBS client who hid $8M gets sentenced to prison

A New York businessman who admitted hiding assets worth $8 million with Swiss bank UBS AG was sentenced to three months in prison for a Florida tax conviction.

INVESTING ALTERNATIVES DEC 31, 2009
Somali pirates branch out, eye regional investments

Property prices in Nairobi are soaring, and Somali pirates are getting the blame. The hike in real estate prices in the Kenyan capital has prompted a public outcry and a government investigation this month into property owned by foreigners.

NEWS INDUSTRY NEWS DEC 30, 2009
Futures signal lower open for stocks

Stock futures pointed to a lower open on Wall Street Wednesday as a stronger dollar tugged on commodities prices.

NEWS INDUSTRY NEWS DEC 30, 2009
Stocks mixed in midday trading

Stocks are falling in midday trading as a stronger dollar tugs on commodities prices.

NEWS BROKER DEALERS DEC 30, 2009
LPL agrees to pay $1.3M to victims of Montana broker's Ponzi scheme

A Boston-based investment firm has agreed to pay $1.3 million in restitution to Montana investors for a Ponzi scheme run by an independent broker in Kalispell.

NEWS REGULATION AND LEGISLATION DEC 30, 2009
Two former Stanford reps slammed with suit for more than $11M

The receiver overseeing R. Allen Stanford's businesses announced Thursday that he is suing two former employees of the Texas financier's capital management firm for more than $11 million.

NEWS REGULATION AND LEGISLATION DEC 29, 2009
Latest attorney dumped by Stanford: 'Like Christmas in March'

Apparently, the jailed financier, who is going through lawyers like bottles of bubbly, has his own ideas about what his courtroom strategy should be. Next up: legal team #4

Ex-Bernie Madoff workers plead not guilty, deny involvement in Ponzi
NEWS INDUSTRY NEWS DEC 29, 2009
Ex-Bernie Madoff workers plead not guilty, deny involvement in Ponzi

Three ex-employees of Bernie Madoff -- including operations chief Daniel Bonventre (above) -- say they played no part in the fraudster's $65 billion scheme