Managers of Wealth Americas

Citigroup to pay $130 million to end Libor rigging lawsuit in U.S.

Citigroup spokeswoman Danielle Romero-Apsilos said the New York-based bank was pleased to resolve the matter.

Why the CFTC's new use of NPAs is significant - Dentons

Despite the many advantages NPAs offer, there are pitfalls the CFTC must be mindful of when deploying these agreements.

British banks' turnaround plans frustrated by US justice delays

For Barclays , RBS and Standard Chartered , hopes that their unresolved cases in the United States can be settled this year have been clouded by delays in appointing key staff at the DoJ since Donald Trump became president.

Wells Fargo Faces Multiple Whistleblower Complaints

The reputational damage may be harder to assess — and it may affect Wells Fargo’s financial advisors too.

EPA Task Force Issues Recommendations to Reform Superfund Program

Ultimately, the goals, strategies, and recommendations of the Task Force all seek to identify ways of accelerating the cleanup and reuse of Superfund sites

Hedge fund manager charged for scamming investors out of millions

Among the alleged victims are a tight-knit group of relatives

‘Pharma Bro’ declares victory despite guilty verdict

His lawyer Ben Brafman said he was thrilled by the verdict.

US haul from credit crisis bank fines hits $150bn

Reckoning continues 10 years after housing downturn became market meltdown

Former SEC Chairman Harold Williams Dies

Former SEC Chair Harold Williams has died, Brighthouse Financial complete spin off from MetLife and age matters when talking to clients.

Reinsurer Beechwood sold following hedge fund woes -source

Beechwood, which managed $2.4 billion in assets in 2015, has said it had minimal exposure to New York-based Platinum funds

Family Offices Included as ‘Investment Advisers’ Under IPO Allocation Rule 5131(b)

FINRA notes in the Letter that Family Offices may perform equivalent functions to regulated investment advisers, including investing the assets of a pooled investment vehicle or providing other forms of investment advice.

Central Bank Policy Normalisation is a Turning Point

The UK remains our favourite developed market short and we have profited from rising yields since the Brexit referendum and subsequent central bank stimulus drove Gilt yields to historically low levels in 2016.

Kirkland Partner Survives Gunshot Wound During Turks and Caicos Getaway

A Kirkland representative confirmed on Tuesday that Jones was shot during the suspected burglary

Watchdog Bigwigs Clash Over Anti-DOL Rule Stance

Galvin says Piwowar’s comments are already being used as ammunition by the industry to attack the rule, according to the publication.

Banks settle currency manipulation claims for $111m

Investors accused the banks of manipulating the currency markets, typically to the benefit of traders rather than their clients.

Judge Denies UBS Attempt to Handicap Ex-Broker’s New Firm

The Protocol permits brokers who move from one signatory firm to another to take limited client contact information with them.

UBS's Legal Fight Against Breakaways Heats Up

UBS’s legal team is likely considering its next move

BNPP Pays $246M Fine, Agrees to FX Reforms

Specifically, BNP Paribas “failed to detect and address that its traders used electronic chatrooms to communicate with competitors about their trading positions,” according to Fed officials.

NY Court schedules pretrial conferences in “Last Look” cases against five banks for September

The initial pretrial conferences in the cases brought by Alpari (US) against Goldman Sachs, RBS, BNP Paribas, Credit Suisse and Morgan Stanley have all been scheduled for September 12, 2017.

Lawyers for ex-Wells Fargo broker ordered to hand over client data

The New Jersey decision follows a separate ruling by a New York court on Tuesday that required Sinderbrand's lawyers to halt any review of or planned action to use or share the data

Legal, Regulation & Compliance