Managers of Wealth Americas

Chinese Fugitive Tycoon Guo Wengui Beats Hedge Fund In U.S. Court As $88 Million Lawsuit Tossed

A hedge fund run by Pacific Alliance Group, which manages $16 billion, sued Guo for $88 million it claimed he owed it in April

BIS weighs in on central bank digital cryptocurrencies

There has, however, been little consensus on what form these CBCCs should take, which makes the BIS’ intervention very interesting.

James Harvey Cameron sentenced to 11 years in jail

The judge also ordered Cameron to pay restitution of $1,831,700 to his victims.

Amendment to the Treaty to Avoid Double Taxation and Prevent Tax Evasion between Argentina and Brazil.

The main amendments of the Protocol include the introduction of provisions that modify the mechanism to avoid double taxation

Barclays wins end to US litigation over pre-crisis disclosures

The prospect that the plaintiff's loss was caused by the alleged misrepresentations decreases.

Canada Life Reinsurance Enters Into £1.7bn Longevity Risk Reinsurance Agreement With MMC U.K. Pension Fund

Canada Life Reinsurance continues to develop innovative reinsurance solutions it offers to insurers and reinsurers in many European markets

Seward & Kissel Study Reveals Side Letter Usage Rising Among Newer Managers

When handled and disclosed properly, they can pave the way for a large investor to come into a fund or seed a new one.

Credit Suisse: Yet Another U.S. Settlement

The agreement with MassMutual settles claims pending in the United States District Court for the District of Massachusetts related to the sale of 19 residential mortgage-backed securities certificates in 2006 and 2007.

Bond Dickinson unveils US combination deal

Drake said that Bond Dickinson had been looking to expand via an alliance as opposed to a full merger.

SEC Is ‘Where Fiduciary Ideas Go to Die’

While consumer advocates say they remain hopeful the SEC will use the DOL rule as a model to expand fiduciary standards to cover brokerage accounts, many are wary.

Associated to buy Chicago-area wealth management firm

The $29.7 billion-asset Associated said in a press release Friday that Whitnell, which has $1 billion in assets under management, will supplement the bank's financial planning services tied to taxes, charitable contributions and estates.

US Sues Former Deutsche Bank Executive For Securities Fraud

Defendant Involved in the Sale of Over $1 Billion in Deutsche Bank Residential Mortgage-Backed Securities

State Street agrees $35m fraud settlement with SEC

Complaints related to hidden mark-ups and lack of disclosure over an electronic platform

New York regulator kicks Pakistan’s Habib Bank out of US

NY watchdog says company ‘opened the door’ to terror financing and fines it $225m

Mike Tyson’s Former FA Gets 33 Months in Prison

Ourand pleaded guilty in February to stealing around $550,000 from Tyson

SEC slaps $35 million fine on State Street for order handling deceptions

The subscriber used Last Look to reject 57 matches that each had a $1 million face value.

SEC: Adviser Charged With Stealing Investor

According to the SEC’s complaint, Newsholme used investor money for personal expenses, gambling in Atlantic City, and Ponzi-like payments to clients who sought a return of their funds.

Practical FATCA and CRS compliance for family trust structures

The overarching goal of FATCA and CRS is for a taxpayer's country of tax residence to collect information from other countries on the taxpayer's financial assets located in those other countries.

Swarm Fund Launches Compliance-Oriented Token Offering Tailored to Evolving Regulatory Environment

Introduces Liquid Democracy Self-Governance Structure, Provides Ownership to Crypto Token Holders

Middletown hedge fund manager gets 3 years in prison

But the prison term was a compromise.

Legal, Regulation & Compliance