Managers of Wealth Americas

Zamansky Investigates the Wells Fargo 401 Plan for Possible ERISA Violations

Some commentators have questioned whether Wells Fargo inflated its revenues through these tactics.

SEC rewards help bring forward the whistleblowers

The commission’s programme has seen tips pour in while payouts are expected to rise

New Tax Regulations Will Impact High-Net-Worth Estate Planning

What makes the law important to clients is that, by its terms, it is not retroactive to most planning done before its enactment in final form, which will, by the terms of the proposal, occur sometime after December 1, 2016.

Caesars directors must 'pony up' details of wealth -judge

But junior creditors refuse to support it and argue that individual directors should also contribute if they want releases from claims.

TPG's David Bonderman says Chinese regulators better than US peers

The storied investor has spoken on political matters before.

Deutsche Bank asked to pay $14bn by US DoJ to settle claims related to residential mortgage-backed securities

The German lender said it has no intent to settle the claims anywhere near the figure cited.

HSBC wins dismissal of class action suit over Madoff feeder funds

The bank ignored serious red flags that should have alerted officials to the fraud, according to the investors.

JPMorgan Pursues $1B Duo That Jumped to Wells Fargo

The company accuses the brokers of violating their contracts by trying to get clients to come with them

Pimco alleges Bill Gross leaked confidential pay data

Mr Gross is asking a judge to order Pimco to provide him with internal documents he says he needs to prove his case.

Fraud Ring Hits Credit Unions and Banks

Social Security numbers and sample signatures that the victim financial institutions used to identify and authenticate account holders.

New York Proposes Cybersecurity Regulations for Banks

Plan would require banks to hire chief information security officer, implement measures to detect and deter attacks

Debevoise Launches Business Integrity Group

With the accelerating trend toward intricate and significant legal integrity risks, the time is right for a dedicated practice focused on sophisticated, commercially reasonable integrity advice.

Staley Sees Model for Policy Makers in Carney’s Focus on Profit

Regulators say they are simply fine-tuning the current rules, as part of global efforts to avoid the bank collapses that spurred the economic slowdowns central banks are still battling.

American Beacon Advisors Reaches Agreement To Acquire Crest Investment Partners, LLC

Agreement Marks the Second Investment For the Company This Year

Wine investor Charles Banks charged with defrauding NBA star

Securities and Exchange Commission sued Banks for securities fraud over what appears to be the same deal.

Critics Are Lining Up to Oppose Changes to Dodd-Frank Law

The American Investment Council, an industry lobby group, says the bill is needed to update rules for a growing industry.

Federal Reserve seeks to reverse law on merchant banking

Banks were granted permission to hold such stakes for up to 10 years in 1999, when Congress passed an act that gave them much freer rein to provide capital to companies in the form of equity rather than debt.

Two Firms Charged With Compliance Failures in Wrap Fee Programs

Raymond James agreed to pay a $600,000 penalty to settle the charges and Baird agreed to pay a $250,000 penalty.

Executives Charged With Inflating Performance of Real Estate Investment Trust

After warnings from internal accounting staff that an incorrect method was used to calculate AFFO in ARCP’s 2014 first quarter financial results, Block falsified the company’s AFFO presentation in the final hours before filing the company&

High-profile art collector charged With tax evasion on art and luxury purchases

He pleaded not guilty, and was released on a $500,000 bail.

Legal, Regulation & Compliance