Managers of Wealth Americas

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

Banned Broker Sentenced to Eight Years in Prison

U.S. District Court Judge Leigh Martin May also ordered Alleca to serve three years of supervised release and pay back around $24.4 million in restitution, according to the publication.

UBS Slams Florida Broker’s Whistleblowing Claim as Implausible

His claim asserts two counts of violating a federal Dodd-Frank Act whistleblowing law and a Florida whistle-blowing statute.

What Seattle's income tax fight says about our America's pension mess

Seattle officials, who say they need the tax to fund a range of programs, argue that the tax is legal.

ADP's board rejects billionaire hedge-fund manager Bill Ackman's three candidates

The payroll processing company said it plans to file its preliminary proxy statement with the Securities and Exchange Commission this week.

Finra bars former Merrill rep for failing to appear at hearing

Regulator was looking into charges that broker forged customer signatures

Justice Department’s Latest Offshore Bank Resolution Confirms Value Of Self-Disclosure And Voluntary Remediation By At-Risk Foreign Institutions

The Justice Department appears to have taken great care to describe publically the extent of Prime Partners’ extensive cooperation

Legal, Regulation & Compliance