Managers of Wealth Americas

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.

ABA points to role of regulators in discouraging bank engagement in digital assets

ABA stressed that the decision of whether to engage with legal businesses should be left to banks

SEC Closes Investigation Into OpenSea, Declining To Pursue Charges Over NFT Marketplace Operations

OpenSea’s investigation is part of the SEC’s wider crackdown on digital platforms, including its lawsuit against Coinbase.

Elon Musk's DOGE asks for access to IRS taxpayer data, sources say

The database includes such private information as a person's Social Security number and address

Goldman Sachs abandons DEI rule, saying it has ‘served its purpose’

Goldman Sachs has ended a ban on underwriting companies with all-White, all-male boards, becoming the latest corporate giant to scale back a DEI initiative.

Wells Fargo Confirms Termination of Two Longstanding Federal Reserve Consent Orders

Wells Fargo’s regulators have now closed nine consent orders since 2019.

It’s official – Bank of America will close several branches in January 2025 as part of its transition to digital banking

Reasons behind Bank of America's branch closures in January 2025

Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment

We view this news as a positive for Wells Fargo as it demonstrates progress of working with the company's regulators

Herald Investment Trust shareholders reject US hedge fund Saba Capital's board coup

He argued that Saba's proposals were rejected as their intended outcome was for Saba to end up managing Herald.

Legal, Regulation & Compliance