Managers of Wealth Americas

CIRO launches new proficiency model and first official exams

New exam-based framework arrives for advisors as CIRO reshapes proficiency standards

Canadians need to pay $150 or more in exit fees just to leave their bank — TD Bank is the latest to hike transfer-out fees

Service fees and financial advice costs will increase over time — to reflect the higher cost of goods and service; however, transfer-out fees are not service fees.

Ex-Merrill Broker, Sentenced to Two Years Prison, Ordered to Pay $2.4-Mln Restitution

Rajesh Markan, who had logged over two decades in the industry, pleaded guilty in April to one count of securities fraud and reached a settlement in June with the Securities and Exchange Commission in a related civil case.

SEC Charges WhatsApp Group Operators With $14M Crypto Scam

According to the complaint, fraudsters posed as experienced financial professionals and encouraged retail investors to trade on allegedly fake crypto asset platforms.

FINRA: New York Firm Missed 'Glaring Red Flags' of Churning

According to a complaint filed this week, Spartan Capital Securities raised about one-third of its overall revenue from excessive trading

SEC Finds Some Advisors Still Missing Ad Rule Disclosure Requirements

In the agency’s latest risk alert related to the marketing rule amendments from several years ago, SEC staff found that some firms fail to provide mandated disclosures when testimonials and endorsements are used.

US Bank Regulator Allows Five Digital Asset Firms To Launch Trust Banks

Comptroller Jonathan V. Gould hailed the decisions as a big boost for banking.

Danske Bank confirms conclusion of US Department of Justice probation

As communicated in Company announcement no. 16/2022, Danske Bank was placed on corporate probation for three years from 13 December 2022 until 13 December 2025

Fed data suggests central bank has stopped losing money

Since November 5, the size of the Fed’s so-called deferred asset has gotten smaller, moving from $243.8 billion to $243.2 billion on November 26.

Budget boost for UK wealth managers

Plus, NYC pension warning, UK borrowing and Salvador Dalí at the Shapero Modern

What do Fed rate cuts mean for investors?

We believe the resumption of the Fed's rate-cutting cycle increases the imperative for investors to put cash to work.

Trump frees New York private equity executive who defrauded victims of $1.6B

The news was announced on Thanksgiving by Trump’s “pardon czar”

US agencies issue final capital rule for banks

The new rule aims to address disincentives for banks to engage in lower-risk activities, including intermediating in US Treasury markets.

Four key changes to charitable giving are coming in 2026

New tax laws will affect your charitable giving strategy in the new year. Learn how to make the most of your giving now—before year-end.

State Street Announces Successful Alpha Implementation for Ninety One

This implementation builds on a strategic relationship established in 2004

Fired LPL rep faces 22-month Finra suspension after secretly borrowing $50k from clients

The advisor, formerly with DA Davidson, also repeatedly failed to tell his employers about outside securities accounts he maintained at another Finra member firm.

FSI Urges SEC Chair to End Regulation by Enforcement

In a letter to Paul Atkins, FSI CEO Dale Brown urged the agency not to follow the same game plan with cryptocurrencies as it did with off-channel communications and fund share classes with previous administrations.

Bank of America sued over not paying workers for PC boot up time in proposed class action lawsuit

Lawsuit alleges hourly workers weren’t paid for computer start-up tasks required before clocking in.

The brokered deposit statute is out of sync with today’s financial marketplace

In 2025, the key to building and maintaining a stable funding base is the use of a variety of business services, platforms, technologies and relationships.

Judge Pauses Former CMO Lawsuit Against Carson Group Amid Fabricated Evidence Allegations

Mary Kate Gulick’s suit against her former employer is stayed, “given the seriousness of the allegations,” after Carson Group accused her of altering medical records to support allegations in her complaint.

Legal, Regulation & Compliance