Managers of Wealth Americas

Broker-Dealers Call for End to Regulation by Enforcement

A regulation by enforcement culture encourages broker-dealers to “always be on the defense, she added.

In latest bonus clawback, Barclays to get $450K from adviser

The deal pushed arbitration winnings this year by Barclays

US banks pass first round of annual stress tests

Clean bill of health from Federal Reserve opens door to increased shareholder payouts

U.S. regulators, lawmakers support Volcker rule revamp at hearing

We could have that group regulated one way and have everyone else regulated less, a lot less.

IT Priorities 2017 survey: Compliance initiatives in full throttle

In a recent interview with SearchCIO, Sculley said meeting industry compliance rules can help offset the numerous data security threats facing modern companies.

Legal Issues Making It Hard For Wells Fargo To Regain Customer, Investor Confidence

This benefits the bank in the long run due to the jump in interest payments over the longer loan period.

Less Stressful Tests Seen Boosting U.S. Bank Payouts $30 Billion

The banks being tested will return $121 billion to shareholders in the form of dividends and share buybacks over the next four quarters

Broadridge Launches Trade Reporting Solution for SFTR Regulatory Change

SFTR requires EU counterparts engaging in securities finance transactions to report trade data to a registered Trade Repository.

OECD's Multilateral Instrument to amend Mexico’s double tax agreements

Mexico did not make a reservation with regards to the application of Article 3of the MLI.

Robo-advisers expected to meet fiduciary rule

The push follows announcements the SEC made in February that robo advisers will not be exempted from any of the legal obligations that apply to other advisers.

Ex-Portfolio Manager Sentenced For Inflating Hedge Fund Value

He'll owe 15 percent of his gross income until his fine is paid off.

Wells Fargo may be in hot water again

The changes lowered home owners' monthly mortgage payments, but it also meant they'd owe Wells Fargo a lot more money over a much longer period of time.

Former Julius Baer banker pleads guilty in U.S. FIFA corruption probe

Arzuaga did not name him, but the president of the Argentine Football Association at the time was Julio Grondona, who died in 2014.

IRS Rolls Out Offshore Voluntary Disclosure Compliance Campaign

A more targeted approach to noncompliance.

US Seeks Record Recovery of $540M in Case of Looted Sovereign Wealth Fund

The inner circle of Malaysian Prime Minister Najib Razak was involved in the conspiracy, which began in 2009 and continued through 2015, the complaint alleged.

With Watson Financial Services, IBM Launches Cognitive Era of RegTech

First-Generation Cognitive Solutions Trained by Promontory Experts

White House calls for rollback of banking regulations

A sensible rebalancing of regulatory principles is warranted in light of the significant improvement in the strength of the financial system and the economy.

Bank of America Pays Nearly $2M to Settle Lawsuit

The Bank of America will pay $1.9 million to settle a government lawsuit alleging that it took too long to inform customers that their phone calls were being recorded.

Big banks to get away with risky bets after Dodd Frank repeal

Some regulators have acknowledged the complexity of the rules, though critics say banks are exaggerating

Canada To Amend Voluntary Disclosure Program

The Government's proposed changes narrow the eligibility for VDP and impose additional conditions on applicants.

Legal, Regulation & Compliance