Managers of Wealth Americas

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.

MetLife goes for broke in latest SIFI case filing

The company filed its brief on Monday in the U.S. Court of Appeals for the D.C. Circuit

We now know who blew the whistle on Visium Asset Management

A former trader at the firm, Jason Thorell, approached the government, according to a Bloomberg News report out Monday morning.

D.C. appellate court rejects challenge to SEC administrative proceedings

The court first concluded that the SEC ALJ position met the threshold requirements of the “significant authority” test—the relevant position was “established by Law” and the position’s “duties, salary, and means o

Compliance concerns drive more hedge fund business decisions

Survey findings suggest that hedge fund managers overwhelmingly expect increases in compliance spending to continue over the next two years.

New FASB guidance: Compliance made easy By: Joshua Brown, SS&C

“The new standard addresses concerns from a wide range of our stakeholders, including financial statement preparers and users, that the existing incurred loss approach provides insufficient information about an organization’s expected credit l

US hedge fund manager charged with fraud

The conspiracy charge carries a maximum term of five years in prison.

NC lawmakers split on whether to bring back Depression-era banking law

While both parties included Glass-Steagall provisions in their platforms, it hasn’t been a major issue on the campaign trail for Trump or Clinton.

Creditors fear Pacific Andes’ non-US bankruptcies could ‘block’ transfer of Peru assets

In response to the creditors’ filing, Pacific Andes said in an Aug. 10 statement that the matter of the Peruvian subsidiaries was a subject of ongoing discussions with creditors.

Exclusive: Wall St. banks ask Fed for five more years to comply with Volcker rule

The law on Volcker rule implementation says banks can ask for an extra five-year extension for "illiquid" funds, where banks had contractual commitments to invest.

SEC charges San Francisco money manager with fraud

He invested as much as $60 million when he never managed anywhere near that sum.

Will the Panama Papers Lead to Criminal Charges Against U.S. Taxpayers?

“Panama Papers,” detail the creation of hundreds of thousands of business entities and bank accounts in offshore “tax havens”

SEC Charges Stockbroker and Friend With Insider Trading

The SEC seeks permanent injunctions as well as disgorgement, interest, and penalties.

SEC Charges Former Professional Football Player With Running $10 Million Fraud

Merrill Robertson Jr., a former player for the Philadelphia Eagles, charged with defrauding investors

Fugitive Mexican Mayor Claims U.S. Seizure of Offshore Bank Accounts is a Lie

Some of that money was deposited in the Bermuda account and other U.S. bank accounts which was used to purchase real estate in Texas.

Legal, Regulation & Compliance