Managers of Wealth Americas

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

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

Legal, Regulation & Compliance