Managers of Wealth Americas

SEC Charges Two Former Och-Ziff Executives With FCPA Violations

The SEC is seeking monetary penalties against Cohen and Baros among other remedies.

Prudential Says Trio in Whistle-Blower Case Fired for Misconduct

Employees claim wrongful firing over MyTerm sales review

CFTC Orders Chicago-based ETRADE Securities LLC and ETRADE Clearing LLC to Pay a $280,000 Civil Monetary Penalty

The Order recognizes the cooperation of E*TRADE Securities and E*TRADE Clearing in this matter.

UBS Profit May Trail U.S. Peers on Litigation Reserves, Trading

The Zurich-based lender is the first of Europe’s big global banks to report fourth-quarter earnings.

Canada, Ireland set for AIIB as China pushes global agenda

Ireland, Canada, Ethiopia and Sudan are understood to be among the 25 countries expected to join this year

Private equity firm backs Halesowen insurance firm's management buy-out

Tim Smallbone and Jonathan Ma will join MyPolicy's board on completion of the deal.

SEC Announces $7 Million Whistleblower Award

No money has been taken or withheld from harmed investors to pay whistleblower awards.

New York Representatives Ask Director Lee to Investigate IPRs Filed by Hedge Funds and Other Non-Practicing Third Party Petitioners

The Patent Trial and Appeal Board instituted trial for eighteen of these petitions.

Stock rally in recent months driven by global economy, not Trump

But currently, if you look at the currencies, we are sort of hands off.

2017 to be year of independent broker-dealer mergers

A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable.

J.P. Morgan Asset Management Signs Letter of Intent to License with Precidian Investments LLC

Precidian is seeking approval for use of ActiveShares from the SEC.

Slovenia and US confirm recognition of pension insurance

The agreement will make it easier for many highly skilled Slovenians to return after a period of work in the US

Trending cybersecurity disclosures

Should public companies disclose information about vulnerabilities to, and costs of preventing and responding to, cyberattacks in their periodic reports filed with the U.S. Securities and Exchange Commission (SEC)?

Deutsche Bank Sued in U.S. by Jewish Trust Over $3 Billion

All proceedings initiated against Deutsche Bank in this matter have been decided in favor of Deutsche Bank.

Indicted CEO Can't Escape Securities Fraud Charges

Wey, head of New York Global Group, was charged in September 2015

Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586M in Settlement

Company also Agrees to Implement Anti-Fraud Program and Enhanced Compliance Obligations in Agreements with Federal Authorities

Advisors Don’t Need to Abandon Small Accounts

Advisors can use technology to continue offering advice to small accounts under the fiduciary rule.

Wells Fargo wins over $22M in rare raiding case against Baird

"We strongly disagree with what is asserted in this situation and with the findings, and are extremely disappointed in the size of the award," Baird spokesman John Rumpf said in a statement.

Boston-area hedge fund accused of fraud, misuse of investors' money

The fund was marketed mostly to friends and family members.

State Street Will Pay $64.6 Million, Name Monitor After Fraud

State Street defrauded clients by secretly applying commissions to billions of dollars in securities trades

Legal, Regulation & Compliance