Managers of Wealth Americas

Corporate News Weekly Round-Up - Christopher Hines, Withers

Delaware Court Enforces ‘Good Faith’ Negotiations, New Disclosure Requirements for UK Companies and UNFCCC Adopts ‘Paris Agreement’

Swiss Bankers Said Ready to Plead Guilty in U.S. Tax Case

Two client advisers from Julius Baer Group Ltd. accused of helping Americans evade taxes are expected to plead guilty in New York on Thursday, when the Swiss bank will resolve its own criminal case by agreeing to pay $547 million, according to two people

U.S. Appeals Court Limits Fraud Shield for Sovereign Wealth Funds

It may also make it easier for U.S. investors to pursue some claims over alleged foreign fraud, despite a series of recent rulings limiting the reach of domestic laws.

Banks reach $154.3 million settlement on "dark pool" fraud

The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning.

This is exactly how the FBI convinces hedge funders trading on inside information to spill the beans on everyone else

Since 2009, the government has been cracking down on insider trading in the hedge fund industry with dozens of arrests and convictions made.

Cadwalader Named "Law Firm of the Year"

Cadwalader's Financial Services team advises a broad range of clients, including broker-dealers, swap dealers, banks, investment advisers, funds of all types, pension plans, and securities and futures markets.

Ex-IMF, HSBC officials chosen to lead money-laundering unit

Choice of former IMF official to head anti-money-laundering unit stirs criticism

IRS Still Hunts Offshore Accounts As More Foreign Banks Sign Deals With U.S.

The IRS updated its list of foreign banks where accounts trigger a 50% rather than 27.5% penalty in the IRS’s long-running Offshore Voluntary Disclosure Program.

Cybersecurity Disclosure Act of 2015: What you need to know now

Bottom line: Be proactive, prepared and aware

Regulation: What’s in Store for the Alternative Investment Sector in 2016?

Cybersecurity was one of the most important issues for alternative investment firms during 2015.

Alvarez & Marsal Announces 2015 Managing Director Promotions

Their innovative thinking and vision will strengthen our ability to serve our clients, drive transformation and create value around the world.

Ex-Summit Wealth COO Indicted For $15M Investment Fraud

Former Summit Chief Operating Officer Angelo Alleca and former fund administrator Mark Morrow were arraigned in Georgia federal court.

Wall Street’s battle of the bankers

Legal case could draw attention to the industry’s hiring and retention policies

Bank of China submits records in Gucci case after fines

Sullivan initially ordered Bank of China to turn over customer records in 2011. He renewed his order in September, after a federal appeals court told him to revisit the matter.

Bank of China targeted by US for money-laundering controls

In the OCC action, which was signed last month by Chen Xu, head of the bank's New York branch, the lender's US division agreed to fix policies for finding and reporting suspicious behavior among its customers, keep better track of currency trans

SEC Settles Charges With Fund Manager for Misleading Investors

TFF’s registration statements disclosed that Equinox charged management fees based upon the net asset value (NAV) of each series.

Ocwen to Pay $2 Million in SEC Settlement

The case was supervised by Daniel Michael and Steven Rawlings.

Marijuana Inc. eyes Mexico as drug liberalization looms

From medical marijuana growers to pot private equity firms

Brazil offshore tax amnesty signed into law

Residents of Brazil with undeclared offshore assets can now voluntarily declare and regularise their tax affairs without facing criminal prosecution and only face a one-off charge and penalty.

CFTC Orders Otkritie Capital International, Ltd. to Pay a $140,000 Civil Monetary Penalty for Violating a CFTC Registration Regulation

The CFTC Order requires OCI to pay a $140,000 civil monetary penalty and to cease and desist from further violating CFTC Regulation 30.4, as charged.

Legal, Regulation & Compliance