Managers of Wealth Americas

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

Cannabis Industry Jammed With Extensive Environmental Regulations

The Order primarily applies to outdoor commercial cultivators, with a few exceptions.

Federal Regulatory Agencies Announce Coordination of Reviews for Certain Foreign Funds Under Volcker Rule

It may also be the case that congressional action is necessary to fully address the issue.

Deregulation Could Lift Big Bank Profits 30%

Wall Street is most focused on regulatory relief, since Congress is unlikely to take up any legislation

Withers’ global expansion breeds revenue growth as PEP leaps 25%

In 2016, the firm opened a new tax practice in Dubai with the hire of EY's Middle East and North Africa private client head Stijn Janssen.

Beverly Hills Man Indicted For Alleged Tax Fraud

Allegedly Hid $20 Million in Offshore Accounts at the Same Time Falsely Claiming the Earned Income Tax Credit on His Tax Returns

Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case

She oversaw the servicing of accounts for over 1,000 to 1,500 client relationships.

Regulatory Challenges a Top Concern for Executives in North America and Asia-Pacific, AxiomSL Survey Finds

Nearly Half of Respondents in Both Regions Plan to Increase Investment in Risk and Reporting Compliance Solutions in 2017

Madoff Scandal Lost Industry $363 Billion

But financial planners were hurt the least.

JPMorgan whistleblowers reap record $61 million

JPMorgan agreed to pay $307 million, with $267 million going to the SEC and $40 million to the Commodity Futures Trading Commission.

Legal, Regulation & Compliance