Managers of Wealth Americas

Pershing Offers New Mutual Fund and ETF Solutions for Emerging and Mass-affluent Investors

New offering from Lockwood also assists registered reps looking to transition to fee-based advisory mode

Buyout firms' hushed deals with top investors risk US regulators' ire

The so-called co-investments allow institutional investors such as pension funds and sovereign wealth funds to invest in target companies.

Private Equity Fund Advisers Agree to Settle Charges of Improperly Disclosing Acceleration of Monitoring Fees and Improperly Supervising Expense Reimbursement Practices

The SEC found that the monitoring agreements allowed Apollo, upon the triggering of certain events, to terminate the agreement and accelerate the remaining years of the monitoring fees to be collected in a present value lump sum termination payment.

SEC Adopts Rules to Enhance Information Reported by Investment Advisers

The amendments will improve the quality of information that investment advisers provide to investors and the Commission.

Investment Advisers Paying Penalties for Advertising False Performance Claims

The firms repeated many of F-Squared’s claims while recommending the investment to their own clients without obtaining sufficient documentation to substantiate the information being advertised.

War of words hots up between US and EU over tax avoidance

US accused of ‘acting like a tax haven’ for threatening retaliation against Brussels’ anti-trust investigations into Apple, Amazon and Starbucks

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

Legal, Regulation & Compliance