US seeks seizure of mosques from Islamic foundation alleged to be Iran front
November 13, 2009
[JURIST] The US government on Thursday amended a complaint against Islamic charity the Alavi Foundation [organization website] to include a request for the seizure of assets, including four mosques, claiming that the organization is actually controlled by the Iranian government. The amended complain....... [more] 
Senate banking chair introduces wide-ranging financial reform legislation
November 11, 2009
[JURIST] US Senate Banking Committee [official website] chair Chris Dodd (D-CT) [official website] introduced Tuesday wide-ranging financial regulatory legislation [draft text, PDF; summary, PDF] designed to limit systemic risk to the country's economy. If passed, the bill would introduce a single f....... [more]
India Supreme Court judges disclose financial assets on court website
November 3, 2009
[JURIST] Judges of the Supreme Court of India [official website] on Monday voluntarily made public disclosures of their financial assets [list]. The assets of 21 of the current judges have been posted on the official court website in an effort to increase judicial transparency. This voluntary listin....... [more]
US Treasury issues rulings restricting executive compensation
October 23, 2009
[JURIST] The US Treasury Department [official website] on Thursday released a series of rulings that would restrict executive compensation [press release] at institutions that received special assistance from the Troubled Asset Relief Program (TARP) [text]. Among the changes are a cash cap on compen....... [more]
UK Supreme Court hears inaugural case
October 6, 2009
[JURIST] The UK Supreme Court [official website] held its first session [press release, PDF] Monday, hearing an appeal by a group of four terrorism suspects whose assets were frozen by the government. The new Supreme Court, created by the Constitutional Reform Act 2005 [text], replaces the judicial....... [more]
UK chancellor urges banks to curtail bonuses in light of G-20 agreement
September 28, 2009
[JURIST] UK Chancellor of the Exchequer Alistair Darling [official profile] on Monday urged banks to cut back on bonuses immediately instead of waiting for legislation following an agreement reached at last week's G-20 summit. In a speech to the Labour Party [party website] conference, Darling said....... [more]
Federal bank regulators defend efforts before House committee
September 24, 2009
[JURIST] The US House of Representatives Financial Services Committee [official website] heard testimony [materials; recorded video] Wednesday from banking industry regulators, but dismissed their prior efforts as ineffective. Comptroller of the Currency John Dugan, Director of the Office of Thrift....... [more]
Democratic Party fundraiser pleads not guilty in alleged Ponzi scheme
September 23, 2009
[JURIST] Democratic Party fundraiser Hassan Nemazee, accused of orchestrating a $290 million pyramid scheme, pleaded not guilty to fraud charges Wednesday in the US District Court for the Southern District of New York. Federal prosecutors indicted [text; press release, PDF] Nemazee Monday on three c....... [more]
Federal judge rejects SEC-Bank of America settlement, orders trial
September 14, 2009
[JURIST] A judge in the US District Court for the Southern District of New York [official website] on Monday rejected [order, PDF] a $33 million settlement agreement [press release] between the Securities and Exchange Commission (SEC) [official website] and Bank of America (BOA) [corporate website]........ [more]
US Treasury eases Cuba family travel restrictions
September 4, 2009
[JURIST] The US Department of the Treasury [official website] on Thursday lifted travel restrictions and restrictions on money transfers [press release] between Cuban-Americans and their families in Cuba. The department also authorized US telecommunications companies work within Cuba to facilitate c....... [more]
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