Managers of Wealth Americas

Ex-Merrill Exec Avoids Fines on Customer Cash Misuse

The SEC found Tirrell had negligently caused violations of securities rules at the wirehouse, according to the SEC’s order Friday, cited by the news services.

U.S. watchdog may fine Habib Bank, Pakistan's biggest lender, up to $630 million

The DFS said in a filing that its investigation had found that HBL held a U.S. clearing account with Saudi’s largest private bank Al Rajhi, which has been linked in the media and by the U.S. Senate to Al Qaeda and the financing of extremism.

Former HSBC broker barred for alleged senior scam

Finra says Jaime Rodriguez bought two apartments with $200,000 from blind, elderly customer

"The Implications of the Decision in United States v. Martoma"

Cases have run the gambit from insiders receiving bags of cash to cheating husbands getting the psychic benefit of knowing that their girlfriends were profiting on their tips.

Donald Trump’s debt to Deutsche Bank

As others shied away, the German bank lent money for several projects. But the president and lender face increased scrutiny over their ties

Broker loses $3.3M defamation case against Raymond James

As long as the information is truthful or accurate, there’s really no way to get rid of it.

Brazil’s Tax System Is Barrier to OECD Membership

Trust Bloomberg BNA's Premier International Tax offering for the news and guidance to navigate the complex tax treaty networks and business regulations.

Second circuit rewrites the rules on insider trading

The Court of Appeals held that the “logic” of the United States Supreme Court’s decision last year in Salman v. United States, 137 S. Ct. 420 (2016), “fundamentally altered” the analysis of insider trading so that Newman is &

Upstart Insurer Wants to Buy Your Pension Fund

The two firms, a combined 291 years old, are among companies leading a surge that’s more than tripled the size of pension-transfer deals since 2013.

Dismissal of FATCA Lawsuit Upheld

Sixth Circuit affirms that plaintiffs lacked standing to challenge foreign reporting requirements

Passports as a measure of wealth

Acquiring an alternative residence or citizenship is seen as a key investment for the rich

Canadian Securities Administrators issues guidelines on cryptocurrencies

The notice describes the factors the regulator considers while assessing whether securities law requirements, including prospectus, registration, and marketplace requirements apply.

SEC Freezes Former LPL Broker’s Assets

LPL began investigating Camarco around July 27 after a purported request from one of her clients

Federal Court Appoints Three Prominent Firms to Lead Class Action against World’s Largest Banks

The United States Treasury borrows money by selling various debt instruments, known as Treasury bonds or Treasury securities.

Two SocGen managers accused of Libor manipulation

Prosecutors claim their actions caused roughly $170m of harm to financial markets

Former VB investment advisor arrested for $20M fraud

Banks caused material misrepresentations and omissions to be made to several investors.

Ex-NFL player convicted of $10 million fraud scheme

Court records show that Robertson defrauded elderly individuals, former coaches, donors, alumni, and school employees.

Morgan Stanley Slapped with $500K Fine

Advisors typically took the orders by phone and then aggregated them for execution.

Insider-Trading Crackdown Bolstered as Martoma's Appeal Rejected

The appeals court in New York rejected Martoma’s claim that the jury had convicted him based on improper instructions from the judge.

Wealthsimple launches portfolio for Muslims adhering to Islamic banking laws

Wealthsimple’s Halal portfolio will have the same fee structure as its other core offerings

Legal, Regulation & Compliance