Managers of Wealth Americas

PA accused of stealing Goldman CEO’s wine jumps to his death

He was accused of stealing hundreds of bottles of wine from Solomon between 2014 and 2016.

Wells Fargo Sued for Breach of Fiduciary Duty in Churning Allegations

It also highlights a dubious practice of securing multiple insurance policies for a client.

KPMG in Canada and Agentis Capital form strategic alliance

Collaborative agreement expands services offering for existing and new infrastructure clients

Judge Rules Racial Bias Claim Against Bank Must Go to Private Arbitration

The New Jersey resident said he was given negative performance reviews, denied raises and bonuses, deemed too “verbose,” and subjected by a supervisor to the nickname “Johnny” because of his race.

Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis

Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.

TMF Group launches Retirement Scheme for US expats

First of its kind scheme for US permanent residents and citizens employed outside of the USA.

U.S. Takes on Russia’s Favorite Money Haven: Cyprus

Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe

Elon Musk steps down as Tesla chair

SMSF stock darling Tesla Inc. is set to see a board revamp after Elon Musk settled a tweet-led securities fraud charge with the US corporate regulator.

Julius Baer Has Law Firm Look at Panama Banker Accounts

One of the people said Krull has privately conveyed to the bank that he didn’t use Julius Baer accounts to launder Petroleos de Venezuela S.A. money.

Another U.S. Fine for Credit Suisse

The SEC’s order also finds that although Credit Suisse touted “robust” and “enhanced” price improvement on orders, RES’s computer code treated orders for which execution quality is required to be publicly reported diffe

California turns up the heat on climate change disclosures

New law requires big pension funds to provide more information on environmental risk

Miami-based boutique law firm expands global compliance practice

Herbello is fluent in English and Spanish and experienced in drafting contracts and policies in both languages.

Banker’s Arrest Puts Boom Years Under Scrutiny at Swiss Bank

Julius Baer is clamping down after a series of run-ins involving Venezuelan oil money, FIFA bribes and arms sales to Russia.

Sadis & Goldberg Wins "Best North American Law Firm"

Working with over 1,000 funds, the firm is actively involved in the most current legal trends in the industry.

Morgan Stanley Loses Little Legal Battle with Potentially Big Consequences

The ruling, however, could hardly have been welcome news at Morgan Stanley and may even have broader implications for the brokerage industry

Tannenbaum Helpern is Named "Best Boutique Law Firm"

Tannenbaum Helpern's Investment Management practice is recognized by HFMWeek at its annual US Hedge Fund Services Awards 2018 ceremony on September 13th.

Ex-Deutsche Bank Trader Pleads Not Guilty to Spoofing

Chanu is seeking to be released on bond to Dubai in the United Arab Emirates, where he currently works at a trading company, his lawyer said.

Tax Whistleblower Receives $13.6 Million Dollar Award

We thank the whistleblower for the courage to come forward

Love at first fraud: Advisors stole from clients, then married, SEC says

Omnibus accounts let advisors trade securities on behalf of multiple clients at the same time in a “block trade” without identifying to the broker which trade was made for which client.

Bitcoin Core Developer Joins Forces With Former Morgan Stanley Exec To Warn SEC

“Bitcoin is fundamentally a technological system with many nooks and crannies,” Bishop told Forbes.

Legal, Regulation & Compliance