Managers of Wealth Americas

Battle Continues Over Fiduciary Rule for Retirement Investments

Fight centers over whether proposed regulatory proposal is truly in retirees’ best interest

How the rise of digital banking might set back a US civil-rights law

A key provision of the CRA, the “service test,” gauges how much banks are serving their communities.

How the Fed screwed up the bond market

Live by central bank liquidity, die by central bank liquidity

International law firm hires first US securities partners

This core offering differentiates the firm’s London-based regulatory and advisory capabilities for its investment banking clients, giving it deep insight into underwriters, both in terms of executing transactions and advising on US, UK and European

Merrill Wins $1.3M Clawback From Ameriprise Advisor

Arbitrators usually find a way to compromise

Regulators close in on bond-markup rules

FINRA, which is funded by the securities industry, is taking especially seriously comments related to operational issues

Two More Swiss Private Banks Report Hidden American Accounts

“As the agreements reached today confirm, Swiss banks that helped U.S. taxpayers to hide foreign accounts and evade their U.S. tax obligations are providing a detailed account of their cross-border banking activities.

Justice Department probes banks for rigging Treasury market

Attorney General Loretta Lynch has already brought charges over foreign exchange rate manipulation

Michael Platt, Meredith Whitney Agree To Settle Hedge Fund Dispute

A judge initially ruled in BlueCrest’s favor

How divorces among the rich differ from middle class divorces

Money makes divorce look a little different.

OSC seeks to beef up whistleblower program with cash rewards up to $1.5M

The Canada Revenue Agency began an offshore tax informant program in January 2014, offering up to 15 per cent of funds recovered in cases that see the CRA recoup more than $100,000.

IRS releases interim guidance for FBAR Penalties

Many are now familiar with the famous Report of Foreign Bank and Financial Accounts (FBAR), a relatively small form that carries with it the threat of huge penalties in the case of a willful failure to file.

5 people have been arrested for identity theft and now the Attorney General is calling Wall Street out

The ongoing investigation, named “Operation Pen and Tell”

DOJ readies fresh round of hefty bank settlements

The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.

Compensation for poor conduct has cost the world's biggest banks £200bn

The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn

New banking rules could mark the end for credit unions

Credit unions are thriving

Cadwalader Expands Corporate Practice With Leading M&A Attorney

Richard's stellar reputation and experience will help us continue to distinguish ourselves in M&A, activism and defense work

Exclusive: Merrill brokers win a battle to lower client fees on advisory accounts

The Bank of America-owned brokerage told its 14,000 brokers almost two years ago they would be paid less if they cut fees too aggressively on a new account the firm was introducing.

Bank tied to Fifa scandal has chequered past

Delta National Bank appears more than 24 times in US charges against football officials and has had at least three prior run-ins with authorities

SEC Probes Activist Funds Over Whether They Secretly Acted in Concert

Federal securities rules require shareholder activists to disclose joint campaigns

Legal, Regulation & Compliance