Managers of Wealth Americas

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.

Schlumberger Limited. (SLB) Shares Bought by Rothschild Investment Corp IL

Other hedge funds and other institutional investors also recently modified their holdings of the company.

BNY Mellon's Pershing Launches Two-Part Series on Fiduciary Practices and Conflicts of Interest for Broker-Dealers and Hybrid Firms

The whitepaper points out the ways dually registered financial professionals will face increased scrutiny with their investment recommendations.

Legal, Regulation & Compliance