Managers of Wealth Americas

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

Goldman and Morgan Stanley in DoJ mortgage talks

The DoJ is turning to other banks after its record settlements with JPMorgan

Fla. Bank Exec Says He Was Fired For Reporting Misconduct

A former executive of Gibraltar Private Bank & Trust has brought suit in Florida state court seeking damages under the Florida Whistleblower Act, saying the company fired him after he lodged complaints over another executive's alleged discriminat

SEC Drops $21 Million in Request for Sanctions Against Wyly Brothers

The SEC had initially asked for up to $72 million for a civil penalty

HSBC Faces $250m US Lawsuit for 'Ignoring Signs of Fraud of Late David Elias'

Britain's HSBC bank is facing a lawsuit over allegedly ignoring warnings that late entrepreneur David Elias was committing fraud through an investment vehicle.

Goldman Sachs agrees to $1.2bn settlement over mortgage bonds

Regulator Federal Housing Finance Agency finds bank sold faulty bonds to Fannie Mae and Freddie Mac

Bank settlements won't deter Wall Street wrongdoing

The reason why is simple: Although the government has outlined numerous instances where bankers knowingly misled investors about the riskiness of the loans that were bundled into securities, those individuals have largely escaped any punishment.

Facing More Regulation, but Falling Short on Compliance

Firms in the financial services industry are known for being subject to a growing number of regulations.

Berkshire Hathaway to Pay $896,000 Civil Penalty for Violating Antitrust Premerger Notification Requirements

Violation Occurred When Berkshire Hathaway Acquired Voting Securities of USG Corporation

Bank of America dinged $17b over sale of securities

The deal is the largest settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure

Barclays to pay $23 million to settle Thornburg lawsuit

Sher claimed Barclays wrongfully shored up its own financial condition in August 2007

PwC fined $25m for hiding bank's sanctions violations

Japan's biggest lender pressured PwC to delete a report on wire transfers the bank submitted to regulators

SEC Releases Hedge Fund Data From Dodd-Frank PF Filings

The SEC has continued to develop the use of Form PF data in its ongoing risk monitoring activities

Standard Chartered fined $300 million over laundering controls

If a bank fails to live up to its commitments, there should be consequences

RBC Hits Back At CFTC In Wash Trading Case

The Royal Bank of Canada returned fire at the Commodity Futures Trading Commission in New York federal court Monday, saying the CFTC’s recent motion for summary judgment

Securities law firm files FINRA Arbitration Claim Against Deutsche Bank Securities

The Glanmore fund invested in United Kingdom real estate and was managed by Tilney, an investment management firm owned by Deutsche Bank. Deutsche Bank recommended and sold the Glanmore fund to wealthy investors in Mexico, Central America, and South Ameri

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