Managers of Wealth Americas

Will FATCA Ever Become a Success?

It is also fair to say that the IRS suffered from being politicized through numerous administrations and, consequently, not well managed at the top end.

Tax Evasion, Money Laundering and the CRA’s use of the ‘proceeds-of-crime’ method of collection – A Canadian Tax Lawyer Analysis

This tax planning, when done in the cleverest of ways, requires considerable time, effort and intellect.

SEC Adopts Final Rules to Disclose Hedging Policies

SEC Chairman Jay Clayton stated that the final rules, together with existing reporting requirements regarding insider transactions in company securities, would serve to “bring increased clarity to share ownership and incentives” of company ins

Standard Chartered STILL on the hook over Iran deals as it faces £1.2bn fine in US

StanChart will be saddled with an independent monitor until the end of March

Arthur J. Gallagher to acquire UK broker Stackhouse Poland

With more than 500 employees, Stackhouse Poland operates from a network of 23 offices across the UK.

No tax on interest? Ruling pertaining to convention between South Africa and Brazil

On 4 July 2018 the South African Revenue Service (SARS) issued Binding Private Ruling (BPR) 307, which deals with relief from the double taxation of interest in terms of the convention.

America’s EB-5 investor visa programme backlog it putting Chinese capital at risk

In June, US Senator Chuck Grassley wrote to Trump, calling the EB-5 programme “riddled with fraud.”

How to make companies fully fund their pensions

Workers deserve retirement security.

Regulatory competition is hot again — and that’s worrisome

The renewed competition is a marker of how far the proverbial pendulum has swung in the decade since the crisis.

S Korea inks deal to join Central American multilateral development bank

South Korea is set to become the 15th member state of the multilateral lender once the deal is ratified by the National Assembly.

Bitcoin Trader Troy Woody and Pal Mir Islam Charged in Philippines Murder

Tomi Masters was a small-town gal swept off her feet by a California cryptocurrency mogul. Now she’s dead and he and a friend are charged.

J.P. Morgan takes three former advisers who joined competitor to court

The three also “improperly took with them to Raymond James J.P. Morgan’s confidential client information,” including contact information, J.P. Morgan alleges.

Canadian Pension Steps Up Gender Board Diversity Advocacy

CPPIB will use its voting power to increase presence of women on boards.

Silver Miller Files Lawsuit Against Creator of Alleged Crypto Ponzi Scheme

In truth, the lawsuit contends, the returns were not profits from investments, but “were simply reallocations to older investors of new investors’ assets” in a classic Ponzi scheme configuration.

NY State Pension Reaches Agreements with Firms on Executive Pay

Microsoft, CVS, Macy’s, TJX, and Salesforce agree to revisit pay policies.

Supervisory Failure is Behind Most Regulator Actions Against CCOs

Finra barred one CCO for two years for alleged failures to keep up-to-date written procedures to adequately supervise a registered representative the industry’s self-regulator had placed on restriction following sales mishaps, according to the publi

Galvin Fines Stifel $300K and Charges Investment Advisor Over Business Arrangement

Stifel’s representative was able to collect full-service commissions on his stock picks, while Weller also allegedly charged his clients a management fee, according to the complaint cited by ThinkAdvisor.

Investment fraud case in US expands to 4 women from Israel

Those were just some of the lies told to victims of a multimillion-dollar investment fraud scheme that has led to federal charges in Maryland against four women who worked for an Israel-based company, authorities say.

Ontario government releases 2018 Economic Outlook and Fiscal Review

An in-depth look at these and other subjects are covered in the current issue of the Morneau Shepell News & Views

Merrill to Pay $6 Mln for Favoring ‘Insiders’ with IPO Shares

IPOs Included Facebook, Inc., General Motors Co., LinkedIn Corp., and Twitter Inc.

Legal, Regulation & Compliance