Managers of Wealth Americas

Almost nobody cares when the government mistreats giant banks

Regulators and giant banks agree to ignore contractual rights.

Offshore fraud cost likely to mount for Wyly

Mr Wyly, 80, who last appeared on Forbes’ list of the 400 richest Americans in 2010 with a net worth of $1bn, is responsible for about two-thirds of damages and has filed for bankruptcy, saying he cannot afford the SEC’s claim as well as poten

Did This Manhattan Firm Help Shield a Russian Bank From Sanctions?

A Manhattan PR firm run by a former journalist was hired to help burnish the image of a $10 billion Russian investment fund, an arm of a state-owned bank targeted by sanctions over the invasion of Crimea.

TV magnate plunks down $1.5M in dicey deal

The crime-TV magnate invested $1.5 million in an April 9 preferred-stock offering organized by Weiner that raised a total of $6 million for DigiPath, a Las Vegas-based provider of lab-testing and pot-education services, sources said.

U.S. SEC Denies BATS Request to List 'Non-Transparent' ETFs

U.S. regulators rejected a proposal from BATS Global Markets that would allow it to list and trade actively managed exchange-traded funds that do not have to disclose their holdings on a daily basis.

SEC seeks to slash former billionaire’s lavish lifestyle

The Securities and Exchange Commission is trying to slash former billionaire Samuel Wyly’s “lavish” spending after his assets were frozen, telling a bankruptcy judge that the investor is planning a spree.

Bank of America puts aside $400m to pay potential fines

Bank of America has set aside $400 million to cover litigation costs related to an inquiry into the bank's foreign exchange business.

Cry of Protest From MetLife Signals Right Direction for Regulators

The argument in favor of heightened regulation of MetLife is the American International Group, the giant insurer that had to be bailed out by the taxpayers to the tune of $185 billion.

SAC's Martoma wins delay of nine-year insider trading prison term

The decision came after Martoma, 40, hired a prominent lawyer, Paul Clement, to urge the court to consider his bail request after U.S. District Judge Paul Gardephe in Manhattan rejected a similar motion last month.

Schwab sues ex-advisers, RIA over “conspiracy”

Firm accuses Camelot Wealth Management of unlawful practices in hiring of two former Schwab advisers

Jury acquits former UBS executive in IRS offshore tax evasion probe

Jury acquits ex-UBS exec in IRS probe

Jefferies’s ‘Scrappy’ Style Challenges Wall Street Norms

In the clubby world of Wall Street, Jefferies Group LLC is the aggressive upstart that relishes taking on the bigger, more established firms by following its own rules.

JP Morgan faces US currency trading probe

JP Morgan Chase, the largest bank in the US, has revealed it is under investigation over currency trading.

CalPERS gets $249 million in Bank of America mortgage settlement

With the Bank of America settlement, the California Public Employees’ Retirement System said it has now recovered more than $500 million from its investments in bad mortgage securities.

Ropes & Gray Names 20 New Partners in Eight Offices Worldwide

Ropes & Gray proudly announces that 20 attorneys have been named partners of the firm, effective November 1. In addition, the firm named two attorneys as counsel.

Banker Beats Israeli Account Tax Fraud Charges At Trial

The acquittal was a setback in the seven-year, U.S. campaign to curtail offshore tax evasion.

U.S. probing Standard Chartered over Dubai banking -sources

U.S. authorities are investigating London-based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe.

Banking tail often wags the Fed’s regulatory dog

Federal Reserve Chair Janet Yellen has her work cut out for her if she hopes to change the culture at the world’s most important central bank.

Hedge fund manager 'disappears' after bank mistakenly wired $1.5 million into his account

Joseph B. Galbraith received $1.5 million from Credit Suisse in January

U.S. SEC wants to distribute $602 mln SAC settlement to victims

Our clients are very gratified by the SEC's decision

Legal, Regulation & Compliance