Managers of Wealth Americas

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments

U.S. Bank Deregulation a Near-Term Neutral but Poses Longer Term Risks

Conversely, streamlining regulatory agencies or updated Basel III Endgame capital framework will require inter-agency cooperation, stakeholder buy-in and in some cases, legislation.

Decision Notice - CIRO Sanctions Gary Edmond Perron and Cumberland Private Wealth Management Inc.

As part of the settlement, Gary Perron admitted to having failed to disclose and seek pre-approval for activities related to the transfer of shares

Fed independence concerns ease

Wells Fargo Confirms Termination of 2018 CFPB Compliance Consent Order

Wells Fargo is a different and stronger company today

UK’s FCA to open first ever offices in US and Australia

Major international investors ‘want easier access to us’

LPL Expands Legal Battle Against Ameriprise In New Lawsuit

LPL claims Ameriprise “has sunk to a new low” by sending out allegedly “misleading” notifications about a data breach.

SEC to Review AUM Threshold for State Advisors

Uyeda said the number of advisors had grown by about 45% to 15,411 since Dodd-Frank’s compliance date in 2012.

Santander secures Canadian banking license

Santander, which has 168 million customers globally, has a major presence in the Americas, and is also a more prominent lender in the U.S. than other European competitors.

Appeals Court Overturns $93M Decision Against Commonwealth

The decision in the case initially filed by the SEC in 2019 comes the same week that LPL Financial announced it would acquire Commonwealth Financial Network in a $2.7 billion cash deal.

Cambridge Investment Research Associates To Pay $15M In SEC Revenue-Sharing Conflicts Case

The SEC accused Cambridge Investment Research's RIA business of “breaching its fiduciary duty” in recommending certain mutual funds and money market sweep funds.

JPMorgan Sues Former Bank Branch Advisor Who Left for Morgan Stanley

The suit asks that she be barred from soliciting former JPMorgan clients while FINRA arbitration proceedings play out.

Goodbye Bank of America – it has announced closures in March 2025 – see the full list of affected branches in the USA

This decision seems to respond to a search for online expansion, an option that is used more and more around the world

BlackRock drops sustainability-related terms from 56 funds ahead of ESMA deadline

Fellow US manager Federated Hermes also adjusts names, exclusions for ESG, SDG and biodiversity funds.

Investor Alert: Fraudulent Impersonation of Rothenberg Wealth Management Inc.

The fraudulent activity involves the creation of a fake website, rothenbergacquisitions.com

Singapore Tightens Employer of Record (EOR) Regulations: What Overseas Employers Need to Know

Companies expanding into Singapore must now establish a local entity or explore alternative employment solutions.

XRP ETF: Here are the funds awaiting SEC approval so far

As of March 12, nine companies have filed for XRP ETF products in the US, including major issuers like Bitwise, ProShares, 21Shares and others.

Gallagher’s acquisition of AssuredPartners pushed back amid regulatory review

This transaction is reportedly the largest sale of a U.S. insurance broker to a strategic acquirer in industry history

FCA bans former Credit Suisse executives following US criminal convictions

The former Credit Suisse managing directors have been banned for lacking integrity, following US convictions for arranging corrupt loans to the Republic of Mozambique.

SEC dismisses Coinbase action

The SEC’s complaint also alleged that Coinbase’s holding company, Coinbase Global Inc, was a control person of Coinbase and was thus also liable for certain of Coinbase’s violations.

Legal, Regulation & Compliance