Managers of Wealth Americas

Judge Moves Forward J.P. Morgan Stable Value Fund Litigation

The plaintiffs seek to represent participants in more than 300 retirement plans which were invested in 78 stable value funds, according to the court’s order.

FINRA Proposes Limited Relief for Desk Commentary

The proposed safe harbor would ease many elements of the Research Rules, but many would be retained.

JPMorgan accused of fraud over tech company sale

US bank engineered cut-price deal to curry favour with BlackBerry, lawsuit claims

Four Hill, Kertscher & Wharton, LLP Attorneys Recognized by Thomson Reuters Super Lawyers

Super Lawyers awards are some of the most respected among attorneys due to the rigorous selection process.

SEC Probes Hedge Fund That Promises Investors No Losses

Meyer said in an interview for the story that he employs a computerized system of his own design but invests most of his clients’ money in safe Treasury bonds.

BDO USA Introduces Real-Time Form ADV Monitoring on eConnaissance®

The new feature also allows users to compare new and old Form ADV filings from a single fund manager, enabling investors to quickly and easily identify if, and to what extent, their risk exposure has changed.

Wells Fargo chops execs' pay by another $75 million over accounts scandal

The scandal also resulted in the abrupt retirement last October of longtime CEO John Stumpf, not long after he underwent blistering questioning from congressional panels.

Harbert Management pays $40 million to settle with New York over taxes

When businesses operate in and out of New York, they must allocate the income they derive from New York for tax purposes.

Ex-JPMorgan analyst cleared of insider trading charges

His lawyers argued the jury had already determined Aggarwal did not intend to commit the charged crimes.

Judge certifies class in JPMorgan ERISA lawsuit

A class action would be superior to individual lawsuits and that essential questions in the case can be resolved on a group basis.

Ex-J.P. Morgan broker expelled for not complying with FINRA probe

The firm accused her of using the funds for her personal use.

Innovative approaches to protecting retiree portfolios

A structured note is a debt obligation that tracks both an underlying debt obligation and a derivative embedded within it.

What wealth managers can learn from the Wells Fargo scandal

Every firm is different. Every day is different. Every employee is different.

Morgan Stanley Fined $1M Over FA Sales Contest

Galvin first brought charges over the sales contest in October, and at the time, Morgan Stanley said they were without merit.

Managed Portfolio Advisors Enters into an Agreement with BNY Mellon’s Pershing

The agreement unites MPA’s overlay management services with Pershing’s technology platform

UBS Must Face Trial On Whether Holding Co. Was Customer

U.S. Magistrate Judge William Matthewman, who is fielding the case without a district judge, said the facts of the case could be interpreted in favor of either UBS or Bounty Gain Enterprises Inc. The holding company has asked arbitrators with..

Lombard Global, Inc. and Glendale Capital Partners Form Corporate Finance Strategic Alliance

It will extend client relationships with transaction advisory and other management consulting offerings.

New York's High-Flying Firms Hit New Heights in Profits, Revenue

On the revenue front, 11 of the 17 sampled firms saw gross revenue surge by about 5 percent or more. Revenue was up from 2015 at all but two of the firms.

Four more banks named in bond price-fixing complaint

Who worked at three of the banks, has also been named as a defendant in the amended lawsuit.

Barclays's Staley Draws U.S., U.K. Whistle-Blower Probes

Regulators review whether bank chief tried to unmask tipster

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