Managers of Wealth Americas

SEC Charges Corporate Attorney and Wife With Insider Trading on Client’s Confidential Information

The SEC’s investigation, which is continuing, is being conducted by Lance Jasper and Spencer Bendell in the Los Angeles Regional Office.

SEC Charges Corporate Attorney and Wife With Insider Trading on Client’s Confidential Information

The Securities and Exchange Commission today charged a California-based attorney and his wife with insider trading on confidential information obtained from a corporate client.

SEC Charges Two Traders in Chile With Insider Trading

The agency obtained a court order to freeze assets in the U.S. brokerage accounts used to conduct the trading.

Former Advisor Arrested for Stealing Disabled Client's $160K

A former Edward Jones financial advisor allegedly stole more than $160,000 from a disabled client, according to federal authorities.

U.S. Retail Brokers Warn 'Tick Size' Plan to Boost Investor Costs

A plan by the U.S. Securities and Exchange Commission to widen the minimum trading increments of some small-cap stocks to test if that would spur more trading could end up harming mom-and-pop investors

Swiss Bankers in Limbo After U.S. Jury Acquits Ex-UBS Executive

The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.

3 major law firms share their stories on giving back to veterans

Lawyers from Mayer Brown, Sidley Austin and Ogletree Deakins all give back in different ways

Scotiabank Peru to Acquire Citibank's Retail and Commercial Banking Operations in Peru

Scotiabank announced today that its subsidiary in Peru has reached an agreement to acquire the retail and commercial banking operations of Citibank in Peru, subject to regulatory approval.

JPMorgan Issues New Report Admitting Mistakes And Promising Improvement

Megabank JPMorgan Chase & Co. Chase has had to deal with numerous regulatory and criminal problems over the last decade.

Two Wells Fargo Units to Pay $1.5 Million for Anti-Money Laundering Lapses - FINRA

Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINR

Wells Fargo fined $1.5 million for AML failures

The firm failed to properly vet some 220,000 new client accounts, Finra said

U.S. regulators seek information on asset managers' risks

The U.S. financial risk council on Thursday requested information on asset managers' key risks as part of an attempt to determine whether the industry poses a threat to markets.

Two big banks sued over shoddy mortgage securities

A U.S. credit union regulator has filed a lawsuit against two major banks over shoddy mortgage securities they sold during the run-up to the financial meltdown.

Busted: Alts Manager Taken Away in Handcuffs

The alleged fraud unraveled when the firm accidentally sent a loan statement to a college roommate of Thibeault in Arizona

Emboldened Wall Street ready to dismantle Dodd-Frank financial law

Banks and financial institutions are planning an aggressive push to dismantle parts of the Wall Street reform law when Republicans take control of Congress in January.

BTG Pactual wins approval to start full banking operations in Chile

BTG Pactual entered Chile with the $600 million acquisition of brokerage firm Celfin Capital SA in February 2012, but until now has not been allowed to operate in Chile under its own platform.

Republic bank wins court case against HFC bank

The Supreme Court has quashed an earlier decision by a commercial court , that dismissed an application by Republic Bank to strike out a suit filed by HFC Bank.

Jorge Posada lost millions in ‘jaw-dropping’ fraud: lawsuit

Yankee great Jorge Posada has sued his money agents for allegedly duping him out of $11.2 million — stealing a major chunk of his wealth just three years after he retired from baseball.

Lehman trustee petitions U.S. Supreme Court over Barclays dispute

The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc (BARC.L).

SEC Junks Herbalife Insider-Trading Case

The regulator in October accused Jordan Peixoto of making nearly $50,000 in illicit profits after learning from a friend who lived with a Pershing Square analyst of the hedge fund’s intention.

Legal, Regulation & Compliance