Managers of Wealth Americas

Toronto Advisor Wanted in Random Attack

Low interest rates and weak personal income growth spell bad news for employees’ retirement accounts

Big law firm with Denver officer completes its largest merger ever

The deal adds 58 partners, six counsel and 18 associates to Fox Rothschild.

US and Chinese Financial Intelligence Units sign Memorandum of Understanding to facilitate information sharing

Regulators are working more closely than ever before

SEC: Hedge Fund Adviser Lied to Investors

The Securities and Exchange Commission today barred a hedge fund adviser from the securities industry for making a series of false statements to investors and ultimately causing a fund’s collapse.

Four Things That Offshore Funds Should Not Do

Most offshore funds that trade U.S. instruments manage to avoid the ECI issue by restricting themselves to U.S. activity that fits within the “stocks, securities and commodities” safe harbor.

Big investors going short on the short end to play Fed hike

Successive rate hikes in 2016 "will benefit the long end (versus) the short end," said Rick Rieder

Palm Beach bank exec’s drug charge ‘an aberration,’ friends write

Anderson faces up to one year in prison and $100,000 in fines.

Brokerage employee gets 3 years in U.S. prison over Venezuelan bribes

His sentence was confirmed by a spokesman for Manhattan U.S. Attorney Preet Bharara, whose office had pursued the case as part of a foreign bribery probe involving Direct Access Partners and Venezuelan state-owned development banks.

SEC Announces Fraud Charges Against Investment Adviser

The SEC complaint charges AAM with violations of the antifraud provisions of the Investment Advisers Act of 1940 and related rules as well as violations of Section 207 of the Advisers Act by failing to disclose BFG’s ownership interest in the Form A

Chief: Bank ready to step up stimulus Voice Herald

The bond market was especially roiled by the ECB's move.

JPMorgan to Soon End 'Product Steering' Probe for $150M?

JPMorgan plans to settle the matter for over $150 million. The settlement, which was expected to be resolved several months ago, could be announced as soon as Friday.

Marijuana Investors Get Boost From N.Y. Legalization

The four other pot dealers that were granted licenses by the New York Department of Health are Bloomfield Industries, Columbia Care NY, Etain and PharmaCann.

Banks Seek Capital From Fed in Wake of Dividend Reduction

Big banks want lawmakers to lower capital they must keep at Fed’s reserve banks

Former Head of Offshore Brokerage Pleads Guilty to Conspiracy to Commit International Stock Fraud and Money Laundering Scams

Gallison admitted that he and others then “dumped” or sold the shares at the inflated prices and laundered proceeds through bank accounts in the United States and overseas.

Legal, Regulation & Compliance