Managers of Wealth Americas

U.S. SEC Charges Houston Advisor With Not Disclosing Fund Payments

The conflict of interest, which was unknown to investors, generated about $440,000 in additional revenue for the firm, the SEC said.

Regulators set rules to ward off bank crisis

The 15 largest banks — those with more than $250 billion in assets — will have to hold enough cash, government bonds and other high-quality assets to fund operations for 30 days

U.S. Regulators Tighten Swaps Collateral Regulations

U.S. financial regulators eased proposed collateral requirements for swaps traded between banks, manufacturers and other firms by seeking to limit the impact on smaller companies and global liquidity.

Ex-Goldman Trader Loses in Bid for $5 Million More in Bonus

Salem claimed he helped the bank earn more than $7 billion and told the arbitration panel on Feb. 25 that he was one of the most sought-after investment professionals in the mortgage industry.

SEC intensifies probes of European fund managers

Questions over valuations of illiquid assets draw scrutiny as mainstream investors increasingly seek alternative investments

SEC Adopts Final Regulation AB II Rules

The ABS Final Rules were adopted in part in response to the requirements of Sections 939A and 942(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

Money laundering moving to RMB as US cracks down

Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems.

FDIC bans Ex-Omaha President & CEO from Banking

Michael Dahir, Omaha State Bank’s former president is banned from banking now.

Microsoft will not hand over overseas email, despite order

That prospect had drawn concern from technology companies - fearful of losing revenue from foreign customers worried that U.S. law enforcement might win broad power to seize their data.

FBI Investigates Whether Russians Hacked JPMorgan and Other U.S. Banks

Federal authorities are investigating hacking attacks against JPMorgan Chase and several other banks, according to published reports.

Barclays' Index Unit May Sell For Much More Than $400 Million Asking Price

IPRS has attracted bids from nearly every major player in the index industry, including Standard & Poor’s, MSCI, Markit, Bloomberg, Thomson Reuters and the CME Group.

How The SEC's Examination Of Alternative Funds Affects BlackRock

The move by the SEC was expected considering the fact that alternative mutual funds have swelled nearly tenfold in size from just over $30 billion in 2008 to $283 billion at the end of 2013

Asset-Backed Bonds Get Reprieve on Disclosure

In a shift from a 2010 proposal, the SEC declined to extend the requirements to so-called private placements, in which the bonds are sold only to certain institutional investors with at least $100 million in investments.

American Pleads Guilty to Hiding Money in Swiss Bank, Moving Money to Israeli Bank after UBS Scandal

Kramer agreed to cooperate with the government and to pay a civil penalty of $588,042

Judge Wants More Facts On UBS Exec's Foreign Witnesses

The court denied Weil’s motion to obtain live video testimony

CFTC Orders Merrill Lynch to Pay $1.2 Million Fine for Supervision Failures

Firm’s Supervisory Failures over Fee Processing Led to Client Overcharges at Times

Argentina revokes charter for Bank of New York Mellon

Argentina’s banking regulator has revoked the charter for Bank of New York Mellon to operate in the country.

Freshfields NY corporate partner joins King & Spalding

He will work across King & Spalding’s New York and Silicon Valley offices to advise the firm’s clients and matters on the west coast.

Convicted Hedge Fund Manager Can’t Represent Himself

There is no constitutional right to self-representation on appeal

Presumption Against Extraterritoriality in Morrison v. National Australia Bank Extended to Private Party Whistleblower Retaliation Cases

Federal statutes are presumed not to have effect outside of the territorial jurisdiction of the United States

Legal, Regulation & Compliance