Managers of Wealth Americas

U.S. Municipal Advisor Hit With First-Ever Charge for Fiduciary Breach

The case came after an unidentified city hired Central States in April 2011 as municipal adviser, according to the SEC's cease and desist order.

SEC Charges Operator of Ponzi Scheme That Claimed to Offer “Bridge Loans” to Jamaican Businesses

The SEC complaint charges former Boston resident Mark A. Jones, who now lives in Miami and has a second home in Jamaica.

FIFA files for compensation in U.S. as victim of corruption

FIFA announced on Wednesday it was also seeking repayment of salaries and a full audit of a former top official it says has continued to live an "extravagant lifestyle" while on bail from a New York Court.

Judge Gives Green Light to Bill Gross Suit Against Pimco

Breach-of-contract suit seeks at least $200 million in damages

SEC Charges Deteriorating Alts Platform

The trouble started in January 2014, when it made a big bet on student loans from for-profit college Corinthian Colleges

Hedge Fund Billionaire Louis Bacon Says Clothing Mogul Peter Nygard Plotted Murder Over Beach House

Among the claims—physical attacks, firebombing cars, home and office break-ins, vandalism, and paying people to throw anti-Bacon rallies that claimed he was a racist, a murderer, and stock crook.

Deutsche Bank, HSBC Fight Fed's `Unfair' Too-Big-to-Fail Plans

Both layers of debt deemed “readily available for bail-in” would have to be sold to the parent companies, rather than third-party investors, according to the draft rules, which were released for comment Oct. 30.

Ganek Suit Over Hedge Fund Raid Moves Forward Against U.S.

The unusual decision on Thursday means the government must provide evidence about its work to Ganek and perhaps defend itself before a jury.

Raymond James Fined for Enabling Client Privacy Violations

In several cases, customers had opted out of sharing their information or the customer resided in a state that required affirmative consent to share personal information, according to the regulator.

Final Regulations Issued on Requirements for Certain Domestic Entities to Report Specified Foreign Financial Assets By David J. Moise, Jill Misener and Shira Peleg

The regulations went into effect on February 23, 2016, and apply to taxable years beginning after December 31, 2015. Failure to timely file Form 8938 may result in a penalty up to $50,000.

Ex-JP Morgan adviser jailed over £14m client theft

He was ordered by US district judge Analisa Torres to forfeit $20.2m and pay redress to JP Morgan.

Swiss Re Said to Be in Talks to Buy Prime Reinsurance From Citi

An agreement hasn’t been finalized and talks could still fall through

Colorado Moves to Close Offshore Tax Loopholes

Fortune 500 companies now hold a record $2.4 trillion outside U.S. borders

Obama to meet with financial regulators ahead of new rule

The brokerage industry largely opposes the new rule.

Appleby Sponsors Global Fund Finance Symposium

Appleby also had an opportunity to contribute through its exclusive sponsorship of the official networking reception.

Visium Hedge Fund Being Investigated by Justice Dept. and S.E.C.

The authorities are also looking at Visium’s trading of certain securities and the firm’s use of a consultant more than five years ago.

Michigan Family Office Employee Charged Money Laundering and Fraud

His money laundering charge is connected to the purchase of land on Lake Michigan.

FINRA Ejecting Firms That Skip Out on Arbitration Bills

Senator Warren questioned whether industry self-regulation really works, pointing to two recent studies that showed brokers and firms put consumers at risk through unpaid arbitration awards and unchecked advisor misconduct.

20 Caribbean, Latin American Nations Named Major Money Laundering Countries

Antigua and Barbuda made the list again because the U.S. government says its offshore center continues to be vulnerable to money laundering and other financial crimes.

Gilead Sciences, Inc. (GILD) Shares Bought by Rothschild Investment Corp IL

Other large investors have also made changes to their positions in the company.

Legal, Regulation & Compliance