Managers of Wealth Americas

Merrill Lynch Faces Allegations of Labor Law Violations

The plaintiffs seek damages, interest and attorneys fees, among other relief.

SEC fines Wilbur Ross' firm $2.3 million over fees

An SEC investigation found that WL Ross advises the WLR Funds and other private equity funds, as well as separately managed accounts and co-investment vehicles.

Duke files claim of $10 million against estate of deceased alum

Michael Schoenfeld, vice president for public affairs and government relations, wrote Duke’s claim was a “routine transaction”

UBS whistleblower exposes 'political prostitution' all the way up to President Obama

Birkenfeld's book about the UBS Swiss banking investigation, Lucifer's Banker, is published in October.

Apollo to Pay $53 Million Over Claims It Misled Investors

Wall Street’s top cop has made policing private equity fees a priority.

Chicago lawyer sues Oxford Financial over management of late father's trust, lost investment returns

According to the lawsuit, Oxford Financial oversees more than $20 billion in assets for more than 700 families and investment groups in at least 37 U.S. states.

One Policy to Rule Them All: Why Central Bank Divergence Is So Slow

The focus on the Fed raising rates masks the global easing in monetary policy

Baker & McKenzie rakes in $2.62 billion in revenue

Several practices bolstered revenue: banking and finance, capital markets and M&A, antitrust, employment, intellectual property and trade and commerce.

JPMorgan, Citigroup Among Banks Sued in Aussie Rate-Fix Case

The class action, filed in the U.S. District Court for the Southern District of New York, claims the banks sought to fix the bank bill swap rate, the local equivalent of Libor, which is used to price billions of dollars of floating-rate bonds and syndicat

Deutsche Bank whistleblower rejects award because SEC 'went easy' on execs

We brought all of the charges supported by the evidence and the law, which were unanimously approved by the Commission.

MetLife Will Fight Regulators' Arguments That It's 'Too Big to Fail'

The designation, created in the 2010 Dodd-Frank Wall Street reform law, can put companies under additional regulation and force them to hold more capital.

The CEO of mega-bank Citi is caught between regulators and shareholders

But Citigroup may be the best example of how the Fed's efforts to make the banking system safer are tying management's hands and frustrating shareholders.

Lawsuits Against Banks Over Hidden Accounts Expand US Tax Collections

In many cases, she said, tax evaders come forward to avoid criminal prosecution.

Big four banks sued by US hedge funds over rate rigging

This blows a hole in the argument put by the banks that this was a victimless act.

The Pension Protection Act: 6 Things to Know After 10 Years

No one can predict the future. The financial crisis of 2008 hit right as the more stringent funding rules ‎of the PPA became effective.

Lawsuit Alleges Banks Manipulated Australian Rate

Accusations echo those by Australia’s securities regulator

The DOJ’s Swiss Bank Program – Lessons Learned and the Road Ahead

The Program provided Swiss banks with a way to resolve potential liabilities in the US for tax-related criminal offenses and be protected from prosecution.

Steven Cohen Barred From Commodities Until 2018

He wasn't fined under the agreement, and neither admitted nor denied the SEC's allegations.

Law firm billing rates increase along with revenue; productivity is down

Billing rates increased an average of 3.2 percent in the first half of the year, while timekeeper hours increased by only 0.3

Former Goldman Sachs Trader Settles Fraud Charges

The SEC’s order finds that Chin’s misconduct began in 2010 and continued until he left Goldman in 2012.

Legal, Regulation & Compliance