Managers of Wealth Americas

US banks plan ahead for UK exit from EU

Executives at American banks in Europe are reluctant to speak publicly about the issue for fear of upsetting the UK regulators.

SEC commences examinations of liquid alternative funds

The examinations are not believed to be linked to any upcoming enforcement actions although it is increasingly evident that US regulators are seeking to learn more about liquid alternatives amid their rise to prominence over the last few years.

Morgan Stanley to Pay $4.2 Million to Settle Overtime Pay Case

Three client service associates began their federal class action lawsuit in June 2011

NY-Based Brokerage Settles With SEC Over $18M Markup Scheme

These brokers hid the true size of the fees they were collecting by misrepresenting the price at which they had bought or sold securities on behalf of their customers.

BofA expected to write off part of settlement

As Bank of America prepares for a possible multibillion-dollar settlement with the government, the deal is expected to share a feature common to similar settlements with other banks – a big portion that’s tax-deductible as a business expense.

HSBC headquarters in Argentina raided as part of money-laundering probe

The bank claims the documents were destroyed in a fire back in February but officials are investigating the claim.

Tougher Broker-Dealer Rules Needed, Fed's Rosengren Says

The Fed and other regulators have been pushing firms to bulk up their capital to avoid a repetition of the 2008 financial crisis

Hedge fund chief fights Canadian magnate in Bahamas battle

Bacon, the chairman and chief executive officer of Moore Capital Management LLC, wants more than a thousand hours of footage

Judge cuts back Madoff trustee lawsuit against hedge fund manager Merkin

Judge Bernstein said Irving Picard failed to show J. Ezra Merkin knew Bernard Madoff, currently serving a 15-year prison term, was running a giant Ponzi scheme.

Brevan Howard May Seek Up to $73 Million Paid to Rokos

The hedge-fund firm, which has about $37 billion in assets under management, counter-sued Rokos earlier this month

Ex-MIT Professor, Son to Plead Guilty in Hedge Fund Scam

A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme.

Former hedge fund managers agree to plead guilty to fraud

No dates have been set for when the men will make their guilty pleas or when they will be sentenced.

Mark McSherry: Asset managers rail against moves for closer scrutiny

Many of them were asleep at the wheel last time so they want to be wide awake to any potential problems when the next financial crisis starts to rear its ugly head.

Ex-fund manager to pay $20-million for breaching duties to investors

Today's decision follows an earlier decision dated August 23, 2013

JP Morgan Chase retail GC exits bank

JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.

SEC Charges Bahamas-Based Brokerage Firm and President with Facilitating Fraudulent Scheme by Hedge Fund Manager

The Securities and Exchange Commission has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme.

Hedge fund manager who faked suicide unable to persuade judge

McMahon in 2008 had sentenced Israel to 20 years for fraud

Ex-Microsoft Hedge-Fund Hopeful Gets Two Years For Insider Trading

fund. Both men had faced up to 20 years in prison

Achievements, Challenges and Change: The SEC Whistleblower Program Year in Review via

The SEC Whistleblower Program Year in Review – Introduction

Deutsche Bank Criticized by U.S. Regulators Over Reporting Systems, Risk Controls

Confidential Memorandum of Understanding Formally Ordered Bank to Make Far-Reaching Improvements

Legal, Regulation & Compliance