Managers of Wealth Americas

Investor lessons from an alleged $1.5B Ponzi scheme

The indictment comes the same week that a jury is deciding the fate of two advisors accused of victimizing NHL players and other investors.

We’re ordering JP Morgan Chase to refund $50 million and stop collecting on 528,000 accounts

Chase also filed more than 528,000 lawsuits against consumers to collect on debts

Camardas May Appeal Judge’s Decision in CFP Board Suit

We are clearly disappointed in the decision and do not think it is correct if it rules that the CFP Board – being a private organization – has the prerogative to treat its licensees

FSI Taking the Fiduciary Fight to Consumers

The initiative breaks new ground for FSI

F-Squared Files for Bankruptcy Protection

This acquisition presents a timely opportunity to expand Broadmeadow's product portfolio

Massachusetts Sues Securities America for Misleading Elderly

The agent pulled a ‘bait and switch,’ falsely advertising one service to obtain contact information, and switching it out for another—financial services

New international law firm announced

Will have more than 1,400 lawyers and legal professionals operating from 18 locations across Canada, the UK, Europe, Asia and the Middle East.

LPL, Wells Fargo, Raymond James to Pay $30M for Mutual Fund Overcharges

Some mutual funds waive their upfront sales charges for Class A shares

FINRA Candidate Says He'd Represent Firms, Not Investors

If elected, FINRA candidate Brian Kovack says he would focus on implementing regulatory reforms.

Banks’ ‘living wills’ aim to prevent more bailouts

JPMorgan Chase & Co. said it would shrink by about one-third, without systemic disruption, if the company was forced into bankruptcy.

The US voluntary disclosure landscape has changed dramatically over the last 12 months

Under the Programs, a penalty was initially imposed that was calculated at 20% of the previously non-disclosed financial account balances

Sealed HSBC report shows US managers battling clean-up squad

HSBC agreed to submit to the monitor's oversight in late 2012, as part of a pact with the US Justice Department that required it to bolster its in-house controls.

Hoax Phone Call Costs Hedge Fund $1.2 Million and CFO’s Job

Meston was terminated by Fortelus and is now being sued by the fund

JPMorgan Chase faces $20 mln OT claims after recent settlements

JP Morgan Chase gave a group of workers who process loans new job titles in order to claim they were exempt from overtime pay

Obstacles in Regulators’ Push to Reduce Leveraged Loans

Regulators, especially after the financial crisis, have perceived this lending as risky.

Regulators approve Pinnacle merger plans

Pinnacle Financial Partners has received the go-ahead from federal and state regulators for its plans to merge with CapitalMark Bank & Trust in Chattanooga and Magna Bank in Memphis.

John LeFevre pens 'Straight to Hell,' a tell-all about his cocaine and sex-fueled days as a Wall Street banker

John LeFevre's new tell-all "Straight to Hell" chronicles his sordid and debauched days as a Wall Street banker.

Section 1782: American dream… or nightmare?

Did you know that parties to non-US proceedings can readily obtain information found in the US for use in those non-US proceedings?

Carlyle Not in Discussions With SEC About Fees, Rubenstein Says

The SEC said June 29 that KKR, the private equity firm run by Henry Kravis and George Roberts, will pay a $10 million fine

U.S. Hedge Fund Elliott Associates to Appeal Court Ruling on Samsung Merger Proposal

U.S. hedge fund Elliott Associates LP said Friday that it would appeal a South Korean court ruling that gave its blessing to a shareholder vote on a proposed merger of two Samsung Group affiliate companies.

Legal, Regulation & Compliance