Managers of Wealth Americas

IRS Rules on Tax Consequences Associated With Early Termination of a Generation-Skipping Taxable Marital Trust

Surviving spouse deemed transferor for gift tax and GST purposes

J.P. Morgan broker-dealer and custodian fined $1 million

The bank's broker-dealer and custody and clearing arm allegedly violated SEC and Finra rules through operational, supervisory and record-keeping misconduct

Bank Regulators Still Slow At Enforcing Dodd-Frank

Under the rules, banks that have had their plans rejected have 90 days to revise their plans, unless regulators decide to shorten or lengthen that time frame.

Proposed Dodd-Frank rules may omit money managers

Only 18 of the 669 registered investment advisers subject to the rule would face the heaviest regulation

Goldman Sachs, Vista Equity Agree to Settle Tibco Investor Suit

Firms to pay about $30 million to former investors in software company whose sale to Vista was marred by a share-count error

NY Regulator Wants Foreign Banks' Records on Dealings with Panama Firm

The documents, which have come to be known as the Panama Papers, contained information on about 214,000 offshore companies and showed how individuals and corporations were able to hide assets and avoid taxes.

Steven L. Cantor Receives Miami Today Award

Global Attorney Steven Cantor of Cantor & Webb Cited

NY regulator wants foreign banks' records on dealings with Panama firm

The documents, which have come to be known as the Panama Papers, contained information on about 214,000 offshore companies

Funds Want More Flexibility in SEC Derivative Proposal

Regulators target some liquid alternative and exchange-traded funds. Will the rules make matters worse?

Why the S.E.C. Didn’t Hit Goldman Sachs Harder

The investigators had been looking into Goldman Sachs’s mortgage-securities business

Brazil Goes Easy on Wealthy Tax Dodgers to Help Plug Budget Gap

The finance ministry expects the legislation, signed into law in January with little fanfare, to raise about $10 billion for government coffers

UBS Blamed In U.S. Trial For $2.1 Billion In Mortgage Bond Losses

UBS AG went to trial on Monday over $2.1 billion in losses that investors incurred on mortgage-backed securities after the collapse of the U.S. housing market.

'Double-Headed Beast' Malware Steals $4 Million From US Banks In 3 Days

In early April, cybercriminals believed to be of Eastern European origin unleashed a malware that stole $4 million from more than 24 American and Canadian banks in just a few days

28-year-old hedge fund analyst accused of insider trading using his mom's brokerage account

The complaint didn't name his former employer, but Reuters reported that a LinkedIn account with his name on it said that he worked at MSD Capital, Michael Dell's family-office hedge fund.

HSBC risks losing US banking licence as pressure mounts over Panama Papers probe

That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.

Citigroup’s ‘Living Will’ Receives Passing Grade From Regulators

Plans from other big U.S. banks receive harsher assessments, making Wall Street firm arguably the biggest winner of the review

HSBC Bank USA Announces Settlement with OCC Related to Legacy Credit Card Add-on Products

HSBC Finance Corporation will pay a civil money penalty of $35 million to the OCC

Major brokers JLT, Willis in $40 million settlement

In a statement to the London Stock Exchange, JLT said that the two parties had reached a settlement as their case was due to be heard in the High Court this month.

U.S. Authorities Aim For Guilty Plea From Och-Ziff Over Bribery Allegations: WSJ

The U.S Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation

Wells Fargo Bank Agrees to Pay $1.2 Billion for Improper Mortgage Lending Practices

Wells Fargo Bank Admits That It Certified that Loans Were Eligible for FHA Mortgage Insurance When They Were Not, and That It Did Not Disclose Thousands of Faulty Mortgage Loans to HUD

Legal, Regulation & Compliance