Managers of Wealth Americas

New guidance clarifies aspects of the Opportunity Zone program

The proposed regulations clarify some of the substantive issues involving qualified opportunity funds

Brazil’s Petrobras revisits whistleblowers in wake of trading scandal

Company officials questioned the employees on how their complaints had been handled, said the people, who requested anonymity to discuss internal matters.

Michael Avenatti is accused of embezzling $2.5 million from an NBA player, report says

Avenatti was entitled to $1 million in legal fees, but instead took $2.5 million and put it toward a private jet, prosecutors alleged in an April 10 indictment by a California-based grand jury.

Investment adviser accused of soliciting millions in medical marijuana scheme

Altogether, Galvin’s office said, investors have “lost control of more than $8 million in assets, while seeing no returns on their investments.”

JPMorgan Analyst Says He Was a Victim of Mike Lynch Vendetta

Khan, who worked for JPMorgan’s Cazenove unit until 2011, was testifying on behalf of Hewlett Packard Enterprise Co. in its $5.1 billion suit against the British software founder.

Credit Suisse Notches Win Against Wells FA Who Alleged Fraud

The case appears to be the first in which Credit Suisse has prevailed against claims filed by dozens of its former U.S. brokers seeking to collect forfeited compensation or to walk away from promissory notes.

New Mountain Capital targets net lease sector

The investors include pension funds, insurance companies, asset managers, family offices, high net worth individuals and endowments. Limited Partners include new investors as well as existing investors.

Barclay’s provides $100 mln debt funding to Brex

Recently, the company has made significant enhancements to its financial and capital markets infrastructure including software upgrades and strategic financial hires from SoFi, PwC and Kraft Heinz.

UniCredit to Pay $1.3 Billion, Plead Guilty to US Sanctions Violations

UniCredit Group Banks Agree to Pay Over $1.3 Billion for Violating Sanctions

Hedge Fund Versus Manulife Saga Continues As Manager Files Appeal

A hedge fund investor in insurance policies from Manulife and other Canadian insurers is fighting a court decision that prevented it from taking full advantage of ‘90s-era contracts.

Rating Agency Says New Mexico Pension Woes Persist

An international credit rating agency says New Mexico's unfunded pension obligations to public employees continue to cast a shadow over government finances.

4th richest Czech billionaire Vitek sued for $3bn by NY hedge fund claiming fraud

The accusation is that they did so by concealing CPI’s real ownership stake in Orco to avoid having to make a mandatory offer.

Federal Reserve Consults on New Rules for Foreign Banks in the US

The proposals could relax capital and stress testing requirements for US branches of foreign banks, but impose stricter liquidity rules on those that engage in riskier activities.

U.S. lawmakers grill bank CEOs on social issues

Democratic lawmakers focused many of their questions on who the banks were doing business with, probing for answers about financing of gun manufacturers and fossil fuels.

US Tax Court rules in favour of IRS in 831(b) Syzygy case

Judge Robert Ruwe's opinion, filed on April 10, generally affirmed the IRS’s determinations that Syzygy did not engage in insurance transactions and did not qualify as an insurance company

Feds seize Michael Avenatti's $4.5million private jet amid tax scandal

Avenatti was accused last month by the IRS of failing to pay taxes on millions of dollars in personal income and through his firm

Ogier recognised for work in Brazil

Latin Lawyer's reference to the firm records that "the firm is busiest in the funds space", has been "building its experience of fintech" and is "active elsewhere in the region, in Chile, Argentina, Peru and Central America f

Fed proposes new regulatory regime for foreign banks

The proposed changes, which are subject to industry feedback, would relax the capital and stress testing requirements for the subsidiaries of foreign banks.

Assante Private Client reduces management fees as part of new flexible pricing model

Additional changes allow for more flexible and tax-efficient use of distributions in non-registered accounts.

BNY Mellon and BlackRock announce partnership

BlackRock’s chief operating officer and head of solutions Rob Goldstein said he was pleased to help clients more closely couple data and further optimise their operating models.

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