Managers of Wealth Americas

PIMCO Settles Charges of Misleading Investors About ETF Performance

The SEC’s investigation was conducted by Adam Schneir and Brian Fitzpatrick of the Enforcement Division’s Asset Management Unit as well as Kate Zoladz of the Miami office

SEC Charges Asset Management Fund and Manager

The SEC’s complaint charges Chang and Onix Capital with fraud and seeks return of allegedly ill-gotten gains, prejudgment interest, and financial penalties, among other relief for investors.

Steve Cohen’s former hedge fund settles insider trading suit for $135M

SAC got the inside info from doctors involved in the clinical trials of Elan’s Alzheimer’s drug, it was alleged.

Burns & Levinson Wins $6 Million Appeal For Client in Post-Divorce Dispute

Burns & Levinson's lawyers moved to dismiss the case for a number of reasons including lack of subject matter jurisdiction.

Steve Cohen is paying $135 million to settle an insider trading case from his old hedge fund

The proposed settlement was disclosed in court papers filed on Wednesday in Manhattan federal court and would resolve a class action launched following the arrest of a former SAC Capital portfolio manager, Mathew Martoma, for insider trading.

Swiss bankers plead not guilty in New York

The charges mark the first time employees of a cantonal bank, which benefit from a state guarantee

Law firm Eversheds eyes US merger

Eversheds confirmed last night that it was in talks with Sutherland Asbill & Brennan

Low Cost Demand and Pending Regulation Amplify Pricing Pressure on U.S. Advisory Industry

Advisors are preparing for the impact that the Department of Labor's Conflict of Interest Rule

Citigroup ‘Glorified Secretary’ Fired After Accusing Boss

She was fired two weeks after reporting a supervisor who demanded she pass along protected inside information so he could be given to favored clients.

Puerto Rico bondholder groups square off in court

Hedge funds, mutual funds and retail investors each hold roughly one-third of the Puerto Rican debt.

Why Wells Fargo may dodge fake accounts lawsuit

Wells Fargo is asking for a court to throw out a class action suit from customers who had accounts opened up in their names, without their knowledge, to help bank executives secure bonuses.

Bank Regulators Seek ‘Miracle’ Deal on Capital Before Trump

The U.S. has pushed for strict rules to protect against future market meltdowns

Atlanta law firm launches website recognized by AWWWARDS

Smith describes the Firm's boutique value proposition as "efficiency by design.

Desire to be A True International Citizen Drives Demand for Second Passports in the Region

As the number of HNWIs increase in emerging economies, so does the expectation for freedom of movement

EU to retaliate against US bank capital rules

Most bankers are reluctant to hold multiple pools of capital around the world

IRS Wants Court Authority To Identify Bitcoin Users & Transactions At Coinbase

Last week, the Department of Justice filed paperwork in federal court requesting the identities of United States Coinbase customers who transferred convertible virtual currency at any time between December 31, 2013, and December 31, 2015. Coinbase, whic

Legal, Regulation & Compliance