Managers of Wealth Americas

Parallel Advisors Partners with Golden Gate Capital on Recapitalization

Strategic Investment by Golden Gate Capital Will Accelerate Organic Growth and M&A Strategy, Including Acquisition of AUTUS Asset Management

SEC Charges Former BlackRock Portfolio Manager with Undisclosed Conflict of Interest

Robertson consented to the entry of the SEC’s order finding that he violated Section 206(2) of the Investment Advisers Act of 1940.

CIBC Ordered to Pay $848 Million Damages to Cerberus, Will Appeal

Banks struggled during and after the financial crisis to contain their exposure to mounting defaults and falling securities prices as the U.S. housing market collapsed and credit conditions tightened.

FTX Founder Expected to Plead Not Guilty

The fallen crypto exchange’s former chief executive faces two wire fraud charges and six conspiracy charges, including money laundering and compliance finance violations, which total a maximum of 115 years of imprisonment, if convicted.

Vanguard hit with class action

In December 2020, Vanguard reportedly lowered the minimum requirement for its institutional funds to $5m, so retail clients could move over to the cheaper institutional funds.

Argentina's central bank to mull rate cuts in early 2023 -source

Argentina's Leliq interest rate currently stands at 75%, up from 38% at the end of 2021.

Brazil central bank to roll over currency swaps expiring in February

The central bank usually seeks to provide currency hedging and maintain liquidity conditions to the market with its rolling policy.

Linklaters advises DKSH on its acquisition of DNIV Group in Singapore

The Linklaters team was led by Singapore-based corporate partner and global co-head of TMT Niranjan Arasaratnam.

Bank regulatory agendas in 2023 include capital requirements, resolvability

The Federal Reserve's vice chair for supervision, Michael Barr, said in September that he would address capital requirements this fall, but the highly anticipated details are yet to be seen.

First Sound Bank Announces Termination of BMTX Merger

BMTX recently signed a letter of intent (LOI) with a new sponsor bank and is working towards a transfer of deposits to the new sponsor bank in the first half of 2023.

New retirement account rules make it easier to tap savings early for emergencies

Hardship distributions from 401(k) plans hit an all-time high in October amid high inflation.

AMC CEO asks for salary freeze in 2023 as shares slump

Earlier this month, the company said it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse stock split.

Congress just approved 401(k) and IRA changes that affect workers across generations

The legislation includes dozens of changes to retirement saving, according to the text of the bill, summaries of the provisions, and insight from retirement and financial experts.

7 enforcement trends and notable cases in 2022

That was the highest figure ever for the SEC, showing a 50% increase from the previous fiscal year.

The biggest bank M&A deals of 2022

The slump came at a time when U.S. regulators have taken a harder look at consolidation within the industry before approving major acquisitions.

Former Credit Agricole Trader Alleges Racial Bias at Bank

Jose Ruiz claims he faced ‘overtly racist’ comments at bank

Danske Bank Pays $2 Billion for Laundering $230 Billion. Barron’s Helped Expose It.

Of that fine, $640 million will go to Denmark’s prosecutor for special economic and international crime, and $1.2 billion to the U.S. Justice Dept.

BTG Capital Inc. Successfully Closes C$74.2 Million Inaugural Fund

BTG Capital also Announces the Appointment of Five Distinguished Industry Advisory Board Members and Senior Operating Partners

Blucora Announces Closing of TaxAct Sale

Company Plans to Return $400 - $450 Million of Capital to Shareholders through a $250 Million Modified Dutch Auction Tender Offer and Additional Share Buyback Authorization of up to $200 Million

Fundsmith Extends Transfer Agent Relationship with SS&C

We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.

Legal, Regulation & Compliance