Managers of Wealth Americas

Asset Managers Brace for a Flood of New Rules

As part of an effort to head off the next crisis, regulators are asking what role the industry plays in a healthy financial system.

Crime and punishment for banks

The tremendous fines paid by the banks for flogging dud mortgages to investors brings to mind the droll quip

You’re boring. Get used to it

Since the financial crisis, it has become commonplace to argue that banks should be run as utilities, not casinos.

Swiss Bank Agrees to Pay $850,000 for Unregistered Trading

As part of the settlement agreement, the respondents have agreed that they breached securities laws regarding registration requirements.

Judge Upholds 40-Year Sentence For Hedge-Fund Manager

A convicted hedge-fund fraudster will have to serve out one of the longest-ever sentences for running a Ponzi scheme.

IRS Warns Financial Institutions of Scams Designed to Steal FATCA-Related Account Data

The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act

No Relief for Hedge Fund Manager

Quan and his companies invested hedge fund money in Petters' scheme

CFTC Removes Last Hurdle: Hedge Funds Now Allowed to Advertise to Public

Accredited investors now have greater access to hedge funds once available only to the wealthy elite.

SEC Charges Barclays Capital with Systemic Compliance Failures After Acquiring Lehman’s Advisory Business

After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.

Former Simon & Schuster honcho sues hedge fund boss

A townhouse battle on the Upper East Side spilled into court Tuesday when a retired publishing exec slammed his hedge fund neighbor with a $20 million suit over a three-year renovation.

Private Equity Firm Pays $2.3 Million To Settle SEC Charges

A New York-based private equity advisory firm will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain expenses in their company portfolios

CFTC And SEC Rules Harmonized To Facilitate General Solicitation

The SEC lifted its 80-year-old ban on hedge-fund advertising last year

Man Who Ate Napkins to Conceal Insider Trading Pleads Guilty

Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years

SEC: Some U.S. Hedge Fund Advisors Run Afoul of Advertising Rules

Hedge fund advisers, in some cases, are showcasing performance of specific investments they made in prior years

Prepare for the magnifying glass: SEC hikes scrutiny of asset managers - 4 steps to consider

The SEC’s potential regulatory action is in response to apparent increasing concern that the multitrillion-dollar asset management industry could create substantial instability

Wells Fargo Advisors pays $5 million penalty over insider trades

The SEC’s order finds that multiple groups responsible for compliance or supervision within Wells Fargo received indications that the broker was misusing customer information.

SEC Announces Largest-Ever Whistleblower Award

The Securities and Exchange Commission today announced an expected award of more than $30 million to a whistleblower who provided key original information that led to a successful SEC enforcement action.

US Government Plays Robin Hood Under Guise Of National Mortgage Settlements

The question at hand is, if BofA doesn’t own these mortgages, who does?

Ex-Hedge Fund Chief Cheated Clients To Buy Porsche

The SEC Enforcement Division alleges that Cooper, a resident of New Orleans, willfully violated Sections 206(1), 206(2), 206(4), and 207 of the Investment Advisers Act of 1940

Mourant Ozannes team scoop top honours at The American Lawyer Global Legal Awards 2014

Offshore law firm Mourant Ozannes has been honoured at the prestigious 2014 American Lawyer Global Legal Awards

Legal, Regulation & Compliance