Managers of Wealth Americas

Barclays Cartel Trader Ashton Draws $1.2 Million Fine From Fed

The Fed initially announced its plans to fine Ashton and bar him from the industry in August of last year.

FATCA Leads To Record Numbers Of Americans Denouncing Citizenship

It serves no one, least of all investors and borrowers, to have fewer options in the capital markets.

Jabre Capital turns to Broadridge for risk management

Given recent regulatory changes and the challenging markets in which asset managers are now operating, we are increasingly seeing established groups replace their current infrastructure

New York Payroll Card Regulation Fight Wages On

The rules were initially set to come into effect last March but have since been in legal limbo.

Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme

The SEC alleges that Walter C. Little accessed confidential documents on his law firm’s internal computer network related to at least 11 impending announcements involving law firm clients, none of which he personally advised or billed for services.

Meet the U.S. hedge fund hiring from Citi and MS in London

Earlier this month it registered Daryl Lee, a former FX and rates trader at Morgan Stanley.

FINRA to Review Rules on Outside Business Activities

FINRA seeks comments on rules about outside business, Richard Grobman joins Raymond James in Philadelphia and MassMutual updates its brand.

BigLaw May See Wave Of Sex Bias Suits From Senior Partners

Proskauer isn't the only firm that has faced gender discrimination claims Chadbourne and Sedgwick are defendants in similar suits.

City of Philadelphia sues Wells Fargo; bank calls claims 'unsubstantiated'

The lawsuit also claims that Wells Fargo was aware of this alleged practice and, in fact, incentivized the marketing of the high-cost or high-risk loans to minorities.

HSBC settles bondholders' claims of Libor manipulation

Libor, or the London Interbank Offered Rate, is used to set rates on hundreds of trillions of dollars of transactions

SEC Charges Former Head Traders at Nomura With Fraud

The SEC alleges that James Im and Kee Chan each misrepresented price information while acting as intermediaries on trades with Nomura’s customers who sought to buy and sell CMBS on the secondary market.

Barclays Prevails As Justices Decline $143M Safe Harbor Case

Her August argument that the Second Circuit wrongly let bankruptcy law displace state law was unavailing.

US strikes $5.8m deal on Russia money-laundering case

Settlement closes decade-long probe into real-estate scheme

Hedge Funds Are Facing a U.S. Criminal Probe Over Bond Valuations

Firms said to inflate securities’ value to bolster returns

A former IRS officer sentenced for tax evasion

Henti Baird, a resident of North Carolina, was sentenced to 43 months in prison for tax evasion and going against internal revenue laws

The Volcker Rule: How Trump’s New Regulator May Unleash Big Banks

Keith Noreika, acting comptroller of the currency, in exclusive interview, says agency could reinterpret proprietary trading definition

Money Talks in New York City – But Not For Long

Applicants who believe the law has been violated may choose to bring a claim either to the New York City Human Rights Commission (the New York City governmental agency charged with enforcing the NYCHRL) or by civil lawsuit in the New York State Court syst

Legal, Regulation & Compliance