Managers of Wealth Americas

SEC Bars Hedge Fund Manager Charged in Asset Management Mismarking Scheme

For an 18-month period, Lumiere and Plaford used sham broker quotes to mismark as many as 28 securities per month

Massachusetts's securities regulator investigates Wells Fargo Advisors

Wells Fargo Advisors spokeswoman Shea Leordeanu said in an emailed statement that the firm has made “significant progress in our work to identify and fix any issues, make things right and build a better, stronger company.”

Court confirms CFTC jurisdiction over cryptocurrency fraud and that virtual currencies are commodities

Self-regulatory organizations, or SROs, such as stock exchanges, that can help self-police virtual currency markets.

SEC Fines Merrill for Unregistered Securities Sales

The SEC’s investigation of Merrill Lynch was conducted by Helaine Schwartz

Appleby sponsors and presents at Fund Finance Symposium in New York

The firm, a market leader in the subscription finance space for over a decade, has sponsored this event since its inception.

NYSE to Pay $14 Million Penalty for Multiple Violations

“NYSE’s violation of the prior SEC order was a significant factor in assessing the civil penalties in this matter.”

Veretus Group Formally Launches in Washington, D.C. and London

Global investigations and strategic intelligence firm established to provide corporations, law firms, hedge funds, private equity firms, family offices and high-net-worth individuals with high-quality analysis and intelligence in support of their most cri

Finra Suspends Chief Compliance Officer Who Expunged Her Own Record

Murphy, who was registered as a financial and operations principal at two other firms in addition to Noble Capital, agreed to the sanctions without admitting or denying the fundings.

Guptas: Canadian bank refuses to take our money

The Hawks consider Ajay Gupta a fugitive after he failed to hand himself over for arrest.

‘Wolf of Wall Street’ Producer to Pay $60 Million in Settlement

The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd.

Mexico financial technology law passes final hurdle in Congress

Regulators will soon begin crafting so-called secondary laws, which will determine key details for companies in the sector.

SEC Investigates Overstock Token Sale, Shares Slide

It announced the ICO launch in October last year and said at the time the offering would be legally compliant with SEC rules using an instrument called the Simple Agreement for Future Tokens.

Wells Fargo reviews wealth business for possible customer abuse: filing

The U.S. Justice Department instructed Wells Fargo in late 2017 to investigate its wealth management business

Cryptocurrency Firms Targeted in SEC Probe

Regulator issues subpoenas to parties engaged in booming market for initial coin offerings

US Prosecutors Focus on Antiquities

Also on January 5, 2018, investigators from the Manhattan DA’s office seized six artifacts from New York antiquities dealers Phoenix Ancient Art.

OECD and Brazil launch project to examine differences in cross-border tax rules

The project we are launching today will enable us to better understand the options for improving the application of transfer pricing rules in Brazil, and achieving greater convergence.

The importance of upholding a uniform Fiduciary Standard of Care - SS&C

A procedural prudence standard and a suitability standard are similar in that they both require the fiduciary to demonstrate they are acting in best interests of another.

Leveraging outsourcing to meet rising AUM - SS&C

SS&C has been providing global, middle- and back-office and performance measurement outsourcing services for more than 20 years.

$100m fortune is worthless when you’re in a jail

Roomy Khan, who was jailed for financial crime in US, says a professional culture encouraging fraud led her to insider trading

U.S. asset manager to press gunmakers on safety efforts

The statement also said State Street will monitor the companies’ lobbying activities.

Legal, Regulation & Compliance