Managers of Wealth Americas

Industry Groups to SEC: Business Continuity Failures Are Not Fraud

This rule would characterize such deficiencies as a failure of a firm’s compliance program, not fraud.

Investment manager’s secrets are keeping him in jail

The Securities and Exchange Commission said in a Wednesday filing that nothing had happened and argued for Kapur’s continued detention.

Fed policymakers defend role of private bankers at central bank

But Fed officials say private bankers offer insights on the nation's economy and a check on central authority in Washington.

U.S. regulators to allow BlackRock funds to lend to one another

BlackRock first asked the regulatory agency in 2015 for permission to let its mutual funds borrow cash from one another

Huge Brazil police raid targets $2.5-bn pension fraud

Brazilian police staged a massive raid Monday to crack down on what they described as rampant fraud in the pension system

Israeli Court Issues FATCA Injunction

The US Congress enacted FATCA in 2010 to target non-compliance by US taxpayers using foreign accounts.

Apple's top lawyer fires back at EU over tax ruling

After being told the company owes $14.5 billion in back taxes, Apple's general counsel says the European Commission has its numbers wrong.

HSBC'S Foreign-Exchange Dealings Under Scrutiny Again

Such an incident of suspected malpractice is nothing new for HSBC, a bank that has regularly caught the attention of US regulators in recent times.

BNY Mellon Says Ex-Atherton Owners Poached Bankers, Clients

The lawsuit names as defendants the new firm, Lyell Wealth Management LLC and its co-founders, all of whom worked for of Menlo Park, California-based Atherton.

Yesterday, outraged by Apple’s tax dodge. Today, by its tax bill.

Most lawmakers and business groups do not see it that way.

Good Technology Investors Sue J.P. Morgan, Claiming Conflicts

In an amended suit in Delaware Chancery Court, Good’s shareholders said that J. P. Morgan, the start-up’s banker, had faced so many conflicts of interest in its dealings

RBC to Pay $2.5 Million for Proxy Statement Disclosure Violations

The SEC found that RBC’s presentation described one of its valuations as being based on Wall Street analysts’ “consensus projections” of Rural/Metro’s 2010 adjusted EBITDA, a pretax earnings figure.

Five Areas Where We Need Regulatory Balance

In sum, the state of the American banking system is something both bankers and regulators can take pride in.

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.

Legal, Regulation & Compliance