Managers of Wealth Americas

Ex-Hedge Fund Manager Martin Shkreli Indicted on Securities Fraud Charges

This matter concerns investors in a pair of hedge funds (the MSMB Funds) that Shkreli founded with a business partner.

The Coming SEC Sweep in Hedge Funds

Operating Partners have become an important part of the private equity model because they provide consulting services for the Fund

U.S. Supreme Court Rejects Former UBS Executives' Appeals

They had argued that prosecutors waited too long to bring wire fraud and conspiracy charges.

A 40-year D.C. law firm seeks to stay small, successful in midst of Big Law

Zuckerman Spaeder’s 100 lawyers, 30 of whom are partners, have thrived as independent troubleshooters when many contemporaries were getting gobbled up by Big Law.

Latvian coder released from clink after mega-millions bank raids

Gozi '76 Service' hacker handed time served after 21 months.

‘Wolf of Wall Street’ Swiss Bank Pays $188 Million in Tax Case

“Under the terms of the agreement, UBP pays a heavy price for its criminal conduct and must cooperate fully in all matters relating to the conduct described in the agreement until all civil or criminal examinations, investigations or proceedings are

PwC in $55 million settlement with Madoff feeder fund investors

According to court papers, Fairfield Greenwich investors suffered big losses on the more than $7 billion of their money

Wilmington Trust Corp. added as defendant in bank fraud case against 4 former executives

The superseding indictment alleges that Wilmington Trust, through its senior executives, concealed the truth about its loan portfolio from bank regulators

LTL Announces Partner Promotions

We are quite proud of Heather and Anthony," stated James M. Lee, LTL's managing partner.

Wall St. watchdog homes in on high-frequency trades to combat spoofing

High-frequency trading is an automated strategy that can move billions of dollars worth of trades in a fraction of a second.

Battle over financial planner’s punishment for defrauding clients looms

A plea agreement brokered between Stanfill's attorney, David Eldridge, and Assistant U.S. Attorney Frank Dale was filed Monday in U.S. District Court.

Nasdaq and Tel-Aviv Stock Exchange sign strategic agreement

Nasdaq and Tel-Aviv Stock Exchange have officially announced a strategic cooperation.

Lawsuit accuses Bank of America of charging unauthorized fees

Removed last week to South Carolina federal court from the Spartanburg County court of common pleas

FINRA's 2016 Focus: Supervision, Liquidity and Securities Firms' Culture

It will also complete the review begun in late 2015 regarding incentives and conflicts of interest in connection with firms' retail brokerage business

JPMorgan to pay $4 million for false statements about broker pay: SEC

An SEC investigation found that although J.P. Morgan Securities LLC (JPMS) did not pay commissions to registered representatives in its U.S. Private Bank, compensation was not based on client performance.

JPMorgan's Dimon, others defeat Madoff fraud appeal

It acknowledged that this standard is "possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment.

Accounting Rule That Made Weak Banks Look Healthier Ended

Firms can now report changes in the value of their debt as part of “other comprehensive income,” which isn’t part of the bottom line that analysts and investors watch most closely.

U.S. Law Firm Consolidation Accelerated in 2015

Law firm mergers and acquisitions are a primary strategy to acquire new business in a market where demand is flat or constrained

2015, A Year in Review for the Legal Business

In the quest for growth, law firms continued to look overseas to countries such as China

Trustee Strikes $25 Million Settlement With Madoff Investor

Irving Picard reaches deal with Vizcaya Partners as well as with Vizcaya’s investors and their bank

Legal, Regulation & Compliance