Managers of Wealth Americas

Stanfill Wealth faces lawsuit; FBI investigating

Ducote alleged that Stanfill provided financial planning services to him over the last 15 years

New York Says Barclays Not Cooperating in 'Dark Pool' Probe

Barclays quickly fought back, accusing state Attorney General Eric Schneiderman of overreaching, and scrambling to fix a lawsuit that it said was fatally flawed to begin with.

SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct

The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities

How To Steal $5 Million From Bank Of America Without Using A Gun

The case illustrates another side of organized crime

Brevan Howard settles dispute with co-founder Rokos

The agreement is a dramatic U-turn after a bitter fight that involved claim and counterclaim by the two parties

Fidelity fined $350,000 in billing snafu

Finra said the firm overbilled more than 20,000 fee-based accounts in its RIA unit by $2.4 million over seven years

Blank Rome boosts Finance, Restructuring, and Bankruptcy team

Blank Rome is a first-class firm with a top-tier professional reputation

Toronto ex-broker fails to reverse 25-year U.S. fraud sentence

Prosecutors said Georgiou and others traded the stocks from 2004 to 2008

BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded Funds

BMO Asset Management Inc. today announced the January 2015 cash distributions for certain BMO Exchange Traded Funds that pay monthly distributions.

Morgan Stanley Sets New Goals Amid Wealth Management Turnaround, Trading Woes

Morgan Stanley CEO James Gorman hit important milestones in 2014, including a 20% pre-tax margin for the bank’s wealth management division, which accomplish many of the targets he initially laid out when taking the reins of the bank in the years aft

Hedge Fund Worker Gets 3 Years for Stealing from State's Richest Man

Yihao "Ben" Pu was just 23 when he illegally downloaded information about algorithms developed for use in high-frequency trading by Citadel

UBS to Pay $14.4 Million Fine for Violations in U.S. 'Dark Pool'

The SEC also highlighted several other violations by UBS

U.S. regulators question whether Credit Suisse has rule-breaking culture

Company officials told the regulators that the U.S. unit that manages pension plans is completely isolated from the one involved in the tax evasion case.

Finra Fines Merrill Lynch Over Delay in Reporting Allegations Against Adviser

Brokerage Employee Was Siphoning Money From Client Accounts

The Rosen Law Firm Announces Investigation of Securities Claims against Altisource Asset Management Corporation - AAMC

On January 13, 2015, it was revealed that California regulators are seeking to suspend the mortgage license of OCN

Citigroup loses appeal over Abu Dhabi fund's arbitration

Citigroup Inc on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's US$7.5 billion investment in late 2007 to shore up the then-struggling bank.

SEC Charges Direct Edge Exchanges With Failing to Properly Describe Order Types

The penalty is the SEC’s largest against a national securities exchange

Avila Rodriguez Hernandez Mena & Ferri Announces Partner Promotion

Mr. Rivero graduated from the Florida International University College of Law in 2005.

Regulate Banks by Complexity, Not Size

Financial institutions today operate in a constant state of reevaluation

Oppenheimer loses bid to collect $30 mln from Deutsche Bank

An arbitration panel has denied U.S. brokerage firm Oppenheimer & Co's attempt to collect more than $30 million from Deutsche Bank AG related to the sale of auction-rate securities that the bank created

Legal, Regulation & Compliance