Managers of Wealth Americas

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.

Triad man arrested for alleged financial irregularities at wealth management firm

Police have arrested a Yadkin County man amid an investigation involving Fackrell Trivette Wealth Management.

Merrill Lynch Fined $1.9 Million for Violating Fair-Price Guidelines

Bank of America Corp. ’s Merrill Lynch unit violated fair-pricing guidelines nearly 720 times in retail customer transactions over two years

Do panic moves by central banks ever work?

A surprise interest rate hike by the Russian central bank late Monday night left analysts debating whether such "panicked" moves by officials have any genuine impact.

Boris Johnson risks US fine or jail over failure to pay American capital gains tax on London property

Boris Johnson risks a hefty fine or even a spell in jail if he fails to pay American capital gains tax on a London property he sold in 2009

New York Lawyer Charged in $5 Million Fraud Outlined in Suicide Note

The U.S. Securities and Exchange Commission also sued Bennett, saying he lured 30 investors with promises of 6 to 25 percent returns and misleading claims that a New York State governor and his then-wife were also investors.

Citigroup dealt second fine for prospectus lapses

Finra said the firm failed to deliver documents after ETFs were purchased by clients

Law Firms’ Profit Projected to Grow by 5% in 2015

The U.S. law firm industry is expected to see another year of profit growth in 2015, driven by an uptick in transactional work amid sagging demand for traditional litigation, according to a new report on the legal industry.

MF Global's investment banks to settle suit for $74 million

The proposed settlement calls for the seven investment banks, which underwrote investment offerings, to pay the plaintiffs $74 million, according to court papers filed in a New York court on Thursday.

Litigator William "Widge" Devaney Joins Baker & McKenzie

He also brings our clients the ability to effectively defend all manner of white-collar criminal enforcement, SEC enforcement actions and enforcement proceedings brought by OFAC for alleged foreign trade violations."

Commerzbank US settlement set to top $1bn

Commerzbank is in talks to pay US authorities more than $1bn in fines to resolve allegations that the German bank broke anti-money laundering and sanctions laws — at least $400m more than previously thought.

Global specialist law firm elects 11 new partners to the Firm

11 lawyers have been newly elected as partners effective January 1, 2015.

Enhancing Risk Monitoring and Regulatory Safeguards for the Asset Management Industry

The New York Times DealBook Opportunities for Tomorrow Conference Held at One World Trade Center, New York, N.Y.

Sterne Agee Takes Ex-CEO to Court over Luxury Spending

The lawsuit comes after the wealth-management firm was told James Holbrook faced federal investigations

Legal, Regulation & Compliance