Managers of Wealth Americas

SEC Halts $600M Bank ICO Scam

The SEC’s investigation was conducted by David Hirsch and supervised by Jessica Magee and Eric Werner in the Fort Worth Regional Office in coordination with the Enforcement Division’s Cyber Unit.

Tim Duncan Settles Lawsuits Against Financial Advisor

Tim Duncan settles his lawsuit against his former financial advisor

US files 'spoofing' charges against UBS, HSBC and Deutsche Bank

Deutsche Bank and UBS have agreed to pay $30m and $15m respectively to settle the civil charges in the case

Acting Assistant Attorney General John P. Cronan Announces Futures Markets Spoofing Takedown

The charges we are announcing today relate to alleged fraud and manipulation of the U.S. futures markets through schemes that are colloquially known as “spoofing.”

Lawsuit claims TCW fired female fund manager for alleging sexual harassment

Tirschwell said in the complaint she was fired on Dec. 14, 2017, nine days after complaining about Ravich’s advances, on the pretext that she had violated TCW’s conflict of interest rules.

Rogue Broker With 50+ Disclosures Ordered to Pay $4.3 Million

Finra suspended Diaz indefinitely in 2015 for failing to comply with a settlement agreement or an arbitration award or to respond to the regulator’s requests for information, according to his BrokerCheck profile.

SEC on ‘High Alert’ for ICOs that Violate Federal Securities Laws

Clayton said that the agency is “looking closely” at such “Blockchain-R-Us” schemes to determine whether they violate securities regulations.

Bank Leumi Announces Agreement for Strategic Investment Into Bank Leumi USA, Setting the Latter's Value Just Under 1 Billion USD

The strategic investment brings extensive expertise in the U.S. financial services and banking fields, will assist in the continued evolution and success of Bank Leumi USA and will lead to the creation of greater value for the Leumi Group.

Goldman Sachs chief's PA 'stole £860,000 of fine wine from him including seven ultra-rare burgundies worth £13,750 each'

The banker, 55, has been collecting wine for decades and is said to have a 1,000-bottle storage area

HSBC shells $100 million to resolve front-running charge

In total, HSBC admitted to making profits of approximately $38.4 million on the first transaction in March 2010, and approximately $8 million on the Cairn Energy transaction in December 2011.

SEC and CFTC promise to crack-down on virtual currency fraud

The Divisions of Enforcement for the SEC and CFTC will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of digital instruments.

Finra Bars Two Reps In Connection to Fund Misuse

Separately, Finra has barred Matthew Peregoy, who was registered with Investors Capital Corp. from January 2006 to July 2016

Canada pension fund launches rate rigging case

The lower the CDOR rate, the less interest the banks would owe on such positions.

Ex-Katten Partner Launches Legal-Focused Investment Firm

Darius Goldman, a former head of distressed debt at Katten Muchin Rosenman in New York, has some thoughts about the Big Law business model.

What Will Waivers for Convicted Banks Mean for the Financial System?

Trump owed Deutsche Bank about $130 million, according to a report last June from the U.S. Office of Government Ethics.

Regulators Slap Banks, MSBs and Card Club with AML Violation Penalties

In 2017, federal and state regulators stepped up AML enforcement.

Cyprus company sues ex-Trump campaign manager Manafort for fraud

Manafort and Gates are already under criminal indictment by Special Counsel Robert Mueller

Canada to introduce new stricter bank capital rules

That compares with a floor of 72.5 percent based on a standardized approach that global regulators agreed on in December.

Massachusetts Hedge Fund Manager Pleads Guilty to Fraud

The regulator said both men misled investors about the funds’ performance.

Andorra Bank Eyes Argentina Wealth Management in LatAm Expansion

Andbank, which already named Gonzalo Tarasido to head up the effort in Argentina, is also considering partnerships with brokerages in the country.

Legal, Regulation & Compliance