Managers of Wealth Americas

Divorce Often A Legal Quagmire For Super Wealthy

A spouse who owns and runs a closely held business may be overly optimistic about its value when applying for financing or speaking to investors in the months leading up to a divorce.

JPMorgan sues ex-advisors for luring clients to Raymond James

JPMorgan claims it was tipped off to the advisors’ actions by clients who complained to the bank about being petitioned to move their business to Raymond James.

Private Client Resources partners with FundCount

Mike Slemmer, COO, Americas of FundCount, commented: “FundCount delivers efficiency and insight to clients—which comes from being able to account, manage, and report on complex holding structures and the full array of liquid and illiquid holdi

SEC Bars Former Raymond James Branch Manager

Burstein allegedly helped Quiros misappropriate and misuse more than $21 million in investor funds flowing through several brokerage accounts held at Raymond James, the SEC says.

A Russian Who Allegedly Hacked Into JPMorgan Chase's Servers Is Now in U.S. Custody

What the earlier court filings didn’t disclose was the identity of the central hacker—revealed finally in an unsealed indictment on Friday as Tyurin.

Finally, a judgment against CRA for negligence in audit of business

Court finds tax collector took certain positions for strategic reasons rather than good faith legal reasons. There will be an appeal

SocGen expects to pay €1.1 billion in US sanctions fines

Societe Generale has been caught up in around a dozen probes and lawsuits in recent months.

Burns & Levinson Partners Named 2018 Women Worth Watching

The PDJ "Women Worth Watching" awards celebrate the achievements and personalities of leading women across a multitude of industries who represent diversity within their spheres of influence.

JD CEO's arrest steps on governance landmine

What’s more, in a further abuse of good governance practices, Liu holds the chairman’s seat as well as serving as CEO.

Setback for Irish developer seeking return of passport

Mr Kelleher says he had no knowledge of the injunction when he funded the Cayman litigation.

JPMorgan Will Pay $24 Million to End Lawsuit From Black Advisers

Instead of fighting it in court, the bank agreed to pay $19.5 million to the members of the class, according to Aug. 31 filings.

Why are Bank of America customers being questioned about their citizenship status?

The bank said in a statement obtained by the paper that it "may periodically request information, such as country of citizenship and proof of US residency".

Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment

The report says the financial outlook will also be shaped by China’s ability to manage risks relating to high indebtedness and leverage in its banking, shadow banking and wealth management industries.

IP Pressures Could Fuel More Law Firm Mergers

Venable and Fitzpatrick Cella, one of the largest IP boutiques in the country, revealed plans for the combination last week.

JPMorgan sues $14B Merrill team for 'bad-mouthing'

JPMorgan accuses the advisors of "bad-mouthing JPMorgan" to clients by making false statements about the firm's ability to serve investors.

Thompson Hine Recognized Again in Chambers High Net Worth Guide

“They do an excellent job, they’re present in the market, they’re known, and they have a reputation as being top-flight attorneys with broad skill sets.”

SA tech entrepreneur charged for fraud in New York amid shocking allegations of how he may have lied and cheated to get money

A SA entrepreneur has been charged for fraud in the US as the authorities there accuse him of stealing almost R9 million from investors in a “massive securities fraud scheme”.

Legal, Regulation & Compliance