Managers of Wealth Americas

SEC bars perpertartor of ICO fraud

The SEC’s order finds that the defendants’ promotional materials used inflated projections of oil production that were contradicted by the company’s own internal analysis

Ex-Morgan Stanley FA Scores $140K Win Against Wirehouse

A Morgan Stanley spokeswoman tells the website the firm is pleased with the dismissal of the claim but still believes it’s not obliged to cover Johnson’s legal fees.

Ex-UBS broker pens 11-page confession of $4M fraud: SEC

Between 2008 and 2018, MacColl instructed investors to sell or take a line of credit out against the securities in their accounts and to deposit the money into their personal bank accounts, according to the complaint.

SEC Charges U.S. Congressman and Others With Insider Trading

The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, charges Christopher Collins, Cameron Collins, and Stephen Zarsky

Goldman Trader Claims Kafkaesque Firing Over `Notorious' Client

Goldman Sachs denies any wrongdoing and says it’ll fight the lawsuit, which was filed Thursday in Manhattan federal court.

Collas Crill Acts For Extell Development On Landmark New York City Property Deal

Collas Crill is known as one of the leading offshore legal advisers on US real estate transactions

Wells Fargo Beats Class Action Alleging Self-Dealing and Favoring its Own Funds

Meiners had argued the company should have put employee savings into a Vanguard fund instead, according to Law360.com.

Manafort ex-business partner Rick Gates testifies they committed crimes together

The witness, who is cooperating with prosecutors, claimed he assisted Paul Manafort in filing false tax returns

Former Barbados Government Minister Indicted in US for Money Laundering

The charges stem from his acceptance of bribes from a Barbadian insurance company in 2015 and 2016 when he was a public official.

Saudi Arabia’s Spat With Canada Risks Backlash From Investors

Diplomatic dispute will also affect Saudi students currently in Canada

Six global banks should face terror-funding claims by U.S. military vets - judge

Judge Pollak’s recommendation in Freeman v. HSBC must still be reviewed by the trial court overseeing the four-year-old case, presided over by U.S. District Judge Dora Irizarry.

Pimco and BlackRock accused of subprime ‘profit gouging’

Founder of mortgage servicer Ocwen accuses asset managers of accelerating foreclosures

NFA Proposes Interpretive Notice Mandating New Virtual Currency Disclosures

NFA recognizes that the requirements contained in the interpretive notice may need to evolve over time

Former State Street executive avoids prison in U.S. fraud case

He was instead sentenced to one year of probation by U.S. District Judge Denise Casper in Boston

US expats hand back passports to avoid tough tax rules

American expats must also file an FBAR form to let the IRS know about any foreign bank accounts they have with a balance of more than $10,000.

Former HSBC Trader Wins Battle Against US Extradition

Scott's British ex-boss and alleged co-conspirator Mark Johnson -- once HSBC's head of global cash foreign-exchange trading -- was convicted last year.

Blacklist, whitewashed: How the OECD bent its rules to help tax haven USA

Things have got a little more complicated though.

Justice Department Announces Resolution With Swiss Financial And Asset Management Firm

In addition to providing services to individuals and entities based in Switzerland, at all relevant times, Mirelis provided custodial and independent portfolio and asset management services to U.S. taxpayer-clients.

Sexual Harassment, Embezzlement Claims Settled by New York Hedge Fund

Snow Park Capital Partners has reached an agreement with the ex-CFO who accused her boss of sexual assault. Snow Park, in turn, claimed she stole thousands of dollars from the firm.

Ex-Julius Baer Banker in U.S. Arrest

Besides Krull, a Colombian citizen was also arrested, and seven more are being sought.

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