Managers of Wealth Americas

First Circuit affirms insider trading conviction for stock tip written on clubhouse napkin

This decision comes in the wake of a series of recent insider trading decisions.

Merrill Lynch Faces Class Claims Over Customer Cash Use

Back in June, Merrill Lynch Pierce Fenner & Smith Inc. agreed to pay $57 million in disgorgement and interest

New Finra Arbitration Claims Fall 14%

No more than a quarter of cases have been decided by arbitrators in at least four years.

Merrill could pivot on fiduciary pledge

With over 14,500 advisers and more than $2.1 trillion in client balances, Merrill Lynch is something of a trend setter for the industry.

Future of California’s Marijuana Laws Appears Hazy

The extent to which the current administration will attempt to enforce federal marijuana laws in more permissive states is anyone’s guess.

Rolling Back Dodd-Frank: Is It A Good Idea?

During the financial crisis, the government wisely resisted calls to formally nationalise the banking industry

UK & US Fintech Working Group to explore regtech

The increasingly complex interplay, and overlapping responsibilities, between federal and state regulators also provides challenges for US financial regulators

What Do The SEC and Robo-Advisors Have In Common

Robo-advisors are a growing trend.

Europe and American Financial Regulatory Outlooks Could Diverge

The idea of repeating the conditions that were in place before the crisis is something that is very worrisome.

Anger as O.J. Simpson set to walk FREE - and cash in on mega-bucks pension

O.J. SIMPSON could walk FREE from prison in October after serving less than a third of his sentence, it has emerged today.

deVere's campaign to repeal America’s toxic global tax law turns up the heat in DC

Timing of the tax package is dependent on pending action on Obamacare.

Credit Suisse: Horsky Returns to Haunt the Bank

Credit Suisse three years ago pleaded guilty to helping U.S. customers evading their taxes.

Merrill Lynch Cuts Maximum Advisory Fee for Smaller Clients

Nearly 20% reduction expected to save some smaller investors thousands of dollars

Robos Are Also Subject to Fiduciary Duty

The SEC releases guidance on robos, advisors aren't talking to clients enough about risk, and there may be a looming retirement crisis.

RBC battles former executive after dropping Volcker strategy

Phiri first filed a lawsuit in New York State court in December against RBC's U.S. investment banking division

Hedge fund billionaire David Einhorn heading for divorce

He has reportedly said the gold is used by his fund as a hedge against inflation.

Lynn Tilton suffers setback in fraud case

Still, it wasn’t all bad news for the distressed diva.

FCA and OSC sign Co-operation Agreement to support innovative businesses

The Agreement follows the creation of the FCA’s Innovation Hub in 2014 and OSC LaunchPad by the OSC in October 2016.

Chamber: Parliament must pass FATCA bill

Debate on the TIEA comes very close to the deadline for its passage that T&T agreed with the US Treasury Department.

Prudential may hit Wells Fargo for account scandal costs-filing

It was unclear how much in costs Prudential may seek.

Legal, Regulation & Compliance