Managers of Wealth Americas

Banks could get fined for cyber breaches, top regulator says

McWilliams said the FDIC is "monitoring" the cyber defenses and "continuously" testing the safety and structure of banks' networks and firewalls.

US Partnership Representative Requirements

The Partnership Representative and any Designated Individual must maintain a “substantial presence” in the US as defined by the updated centralised audit regime.

FINRA fines Citigroup for loose background checks

Federal securities laws require broker-dealers to fingerprint certain associated persons working in a non-registered capacity prior to or upon association with the firm.

Adam Banks Named Rising Star by MCCA in 2019

The annual series spotlights the attorneys whose accomplishments, leadership and dedication to helping others exemplify excellence in the law.

SEI Investments Settles 401(k) Class Action for $6.8 Million

The deal will benefit about 5,600 current and former participants in the investment management company’s 401(k) plan, the parties said in court papers filed July 26.

SEC expands the circumstances where it deems a digital asset to not be a security

Quarters will be made available in unlimited quantities and at a fixed price set by PoQ.

Major changes to EB-5 program: Increased investment amount starting Nov 21

Under the EB-5 program, foreign individuals are eligible to apply for permanent residence in the United States if they make investments

The IRS Is Tracking Down 10,000 Crypto Owners to Pay Back Taxes

Last year, the IRS’s audit division identified cryptocurrencies as one of five areas where taxpayers could easily avoid taxes.

Adam Banks Named Rising Star by MCCA in 2019

Mr. Banks is among just 13 honorees selected from a competitive pool of diverse attorneys nationwide.

Industry Insight A Bahamas Latam Approach Driven By Innovation

Effectively it is a civil-law product, introduced in a common-law context, and so its structure is familiar to the Latin American market.

Allen & Overy merger target 'tried to erase evidence of Trump support'

"This is misleading", the unidentified person said about the section titled, "Support for the Trump Administration".

SEC Awards Half-Million Dollars to Overseas Whistleblower

Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.

OCC Fines Ex-Rabobank Counsel $50,000 for Concealing AML Report

On February 7, 2018, the Bank pled guilty to conspiracy

Trump sues Congress, New York to keep his tax returns a secret

The lawsuit seeks to stop a law passed in New York state from taking effect

B&J Financial Services Joins Forces with North Texas Accounting and Advisory Firm

Our new partnership with Saville provides an even stronger foundation for client and family continuity for generations to come.

Fidelity at center of new strategy for ERISA breach lawsuits

Plaintiffs alleged that Fidelity is a fiduciary and is charging "secret" fees; Fidelity responded that it discloses the fees and that it isn't a fiduciary.

Why US regulators are struggling to step up to regulate Facebook's Libra

Facebook, which is spearheading Libra’s development via a new subsidiary called “Calibra,” has also gathered a consortium of companies that will supposedly have equal commitments with Facebook

Merrill Lynch Hit with $40 Million Settlement and Faces Further $42 Million From Similar Claim

Levine’s settlement is apparently the largest involving an individual claimant in the last decade, Craig McCann, principal of Securities Litigation and Consulting Group, tells CNBC.

SkyKnight Invests in Heffernan Insurance Brokers to Support the Platform’s Continued Growth

Heffernan has grown revenue to over $100 million, primarily through organic growth along with selected acquisitions.

SEC to extend Mifid exemption for US brokers’ research

Banks will not have to register as investment advisers under EU rules

Legal, Regulation & Compliance