Managers of Wealth Americas

Judge tosses $500 million fraud case against UBS

An investment vehicle that incurred the loss.

SEC Awards Nearly $1 Million to Whistleblower

SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity

Gabonese man charged in U.S. hedge fund bribery probe pleads guilty

He faces a maximum of five years in prison and is scheduled to be sentenced on April 6.

Prudential investigating Wells Fargo partnership after scandal

Wells Fargo could have been signing up customers for insurance without their consent

Ex-Swiss banker goes home after U.S. loses extradition from Germany

By German court order, he was officially released on Friday after the U.S. request to extradite him was denied.

For SEC, making Wall Street admit guilt easier said than done

Big multinational firms linked to the subprime mortgage debacle, and other notorious offenders escaped having to admit guilt despite her warnings.

BofA Increases Referral Quota for Merrill Lynch Wealth Advisers

Global banks have been seeking to generate more revenue from affluent clients as low interest rates and increased regulation crimp earnings

SEC charges asset management fund with fraud

Chang and Onix Capital also are alleged to have falsely depicted Chang as an award-winning multi-millionaire “angel” investor with an MBA from Stanford University.

FINRA Fines Credit Suisse Securities (USA) LLC $16.5 Million for Significant Deficiencies in its Anti-Money Laundering Program

A significant portion of the data feeds into the system were missing information or had other issues that compromised the system’s effectiveness.

NY Court of Appeals Finds Personal Jurisdiction Based on Use of NY Correspondent Bank Accounts

Courts and practitioners may have to reconsider their assumptions about personal jurisdiction in future cases.

U.S. Wants Swiss Banks' Help to Collect Taxes

Swiss companies have to provide details about their U.S. clients according to a complex procedure.

Voluntary Disclosure Window Closing On Bitcoin Users

This is the first nationwide IRS enforcement initiative into the field of convertible virtual currency.

Morgan Stanley Toughens Broker Pay Grid -- WSJ

Bigger producers will be affected, too.

BTIG Announces Blackstone Tactical Opportunities Strategic Investment

BTIG has been one of the fastest-growing institutional brokerage firms in the US

Switzerland eyes AEOI with 21 countries

The introduction of the AEOI confirms Switzerland’s international commitment to implementing the AEOI standard

US-China swaps trades in doubt on margin rule requirements

China is the most important of an estimated 78 jurisdictions with rules that mean the return of collateral isn’t guaranteed.

Giving pro bono financial advice can provide hope in these divided times

Financial advisers should give back, serving those less fortunate with their counsel and expertise

Natixis Global Asset Management Announces Investor Approval of Mutual Fund Mergers

As soon as practicable following the mergers, CDIR will be wound up and securities of CDITM will be cancelled.

Deutsche Bank to pay $60 million to settle US gold price-fixing case

The German bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation

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