Managers of Wealth Americas

Former UBS high-flier set for US tax fraud trial

A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.

E*Trade Units to Pay $2.5 Million to Settle SEC Charges over Illegal Sales

A current and a former unit of E*Trade Financial Corporation will pay $2.5 million to settle charges that they ignored red flags and improperly sold billions of unregistered penny stock shares on behalf of customers, U.S. regulators said on Thursday.

US hedge fund banned from Hong Kong trading

A New York-based hedge fund and its founder has been banned from trading securities in Hong Kong for four years after admitting to insider trading of Chinese banking equities.

Barclays to pay $20 million to settle U.S. class action over Libor manipulation

The proposed deal, disclosed in court papers filed in New York federal court, is the first such settlement of private litigation in the United States against various banks accused of manipulating the London Interbank Offered Rate.

Wealth management seminar leader pleads guilty in fraud scheme

Ephren Taylor, II, has pleaded guilty to conspiracy to commit mail and wire fraud by defrauding hundreds of victims of their retirement savings.

Hedge Fund Association Cautions SEC on Impact of Raising Accredited Investor Net Worth Requirements

On behalf of the private investment funds industry and other growing businesses the HFA offers the SEC alternative solutions to avoid stifling job creation and capital formation

Ex-UBS Exec Says Swiss Reports Belong In Tax Evasion Trial

A former UBS AG wealth management and banking head charged with helping U.S. taxpayers conceal their assets wants two public reports from Swiss banking authorities to be included in his trial.

U.S. Prosecutor Masterminded $37 Billion Bank Penalty Win

Outgoing Attorney General Eric Holder and his former No. 3 Tony West have dominated the limelight following multibillion dollar settlements against JPMorgan Chase & Co.

Wall Street Moles Go to New York’s Top Cop, Spurning SEC Cash

The SEC receives thousands of whistle-blower tips every year

Elite private banking duo to fight back

The elite private banking duo may take legal action accusing the firm of wrongful termination for their firing last month, their attorney says

Hedge Fund and its Partner and Lawyer Fail on Motion to Dismiss for Breach of Fiduciary Duty

A case against a hedge fund, and one of its partners and in-house counsel, related to actions at a portfolio company and alleging breach of fiduciary duties survived a motion to dismiss.

Big Banks Face Another Round of U.S. Charges

The Justice Department is preparing a fresh round of attacks on the world’s biggest banks, again questioning Wall Street’s role in a broad array of financial markets.

For helping Feds, Hialeah Ponzi schemer gets his 10-year sentence cut in half

Veteran prosecutor Richard Gregorie recommended Perez's reduction after noting that he “has been cooperating with federal law enforcement officers since prior to his first indictment in June of 2010” on securities fraud, according to a co

Corporate misconduct must no longer be tolerated

Integrity has to be put back at the heart of businesses.

‘Black Diamond’ Ponzi Scheme Leads To Jail For 3 Hedge Fund Managers

Three hedge fund managers have been arrested in connection with a $40 million investment fraud conspiracy

Fox Rothschild enters Texas by acquiring Dallas firm

Texas is a hub for real estate, litigation, energy and corporate work

SEC waives Citigroup hedge fund restrictions

Citigroup Inc. has had restrictions lifted by the Securities and Exchange Commission that will allow the bank to sell investments in hedge funds and private equity funds to its wealthy clients, among other activities.

FBI arrest 2 men for fraud and looting hedge funds

Buckhannon, who was arrested by FBI agents in Henderson Tuesday, pleaded not guilty at an arraignment Wednesday before U.S. Magistrate Judge George Foley. He was released on a personal recognizance bond pending trial.

Hedge Fund Madam Gets Two Years For Drug-Dealing

Davis, who had faced up to five years in prison but who hoped to avoid it, said she began dealing drugs after a four-month stint in prison

SEC Charges Bank of America With Securities Laws Violations in Connection With Regulatory Capital Overstatements

The Securities and Exchange Commission today charged Bank of America Corporation with violating internal controls and recordkeeping provisions of the federal securities laws after it assumed a large portfolio of structured notes and other financial instru

Legal, Regulation & Compliance