Managers of Wealth Americas

SS&C hits century and a half

2,000 funds now have access to compliance and reporting services through SS&C GlobeOp’s Regulatory Solutions Group

Merrill Lynch manager became janitor after mistaken ID in child sex probe

They escorted him to a security room, then dropped their bombshell

U.S. financial guru accused of using wealth and connections to end probe into alleged sexual abuse of underage girls

Jeffrey Epstein pleaded guilty to a charge of soliciting prostitution

France takes U.S. to task over BNP Paribas fine

If there is a an error or a violation then it's normal that there is a fine

BNP Paribas Fine Violates International Law, Says Analyst

The expert in relations between Cuba and the United States recalled that when Barack Obama was running for president, he admitted a total failure of policy towards the Caribbean nation and promised to find a new direction.

US disrupts hacking schemes that stole millions

The criminals effectively held for ransom every private email, business plan, child's science project, or family photograph

Bank of America, Barclays, BNP and nine other banks seek dismissal of forex price-rigging lawsuit

Investors, including the city of Philadelphia and a number of hedge funds and pension funds, accused the banks of conspiring since January 2003 to manipulate the WM/Reuters Closing Spot Rates, using chat rooms, instant messages and email.

FATCA: Implications For Non-US Funds

FATCA will apply to foreign entities

Wynnefield’s Obus Not Liable For Insider Trading

Hedge fund manager Nelson Obus was cleared of insider-trading allegations on Friday, ending a decade-long legal battle.

Nice Work if You Can Get it

The CFO of a company that claimed to be "one of the world's largest private investment firms" aided and abetted a $7.4 million scam in a fund that he knew "did not exist,"

Chicago hedge fund manager Neal Goyal charged with Ponzi scheme

The SEC alleges that Goyal told investors that the private funds he managed would invest in securities following a "long-short" trading strategy.

BNP Paribas facing $10bn fine

BNP Paribas is facing a potential $10bn fine from the US Justice Department to resolve a criminal probe into allegations it evaded US sanctions against Iran

Deutsche Bank, Former Executives Sue Each Other Over Move

The unlawful actions by HPM and the employee defendants could best be described as an economic coup d’etat, which seeks to obtain DB’s critical client base as its spoils.

Ex-UBS Banker Lack Avoids Prison for 17-Year Tax Scheme

Lack is among about three dozen foreign bankers, lawyers and advisers who have been charged since 2009

Anti-Money Laundering Violation Charges Could Have Short-Term Implications For Charles Schwab

These companies allegedly violated anti-money laundering laws by failing to identify the true beneficial owners of their accounts.

'Fabulous Fab' will not appeal fraud conviction

Fabrice Tourre, a former Goldman Sachs trader, misled investors on the sale of mortgage-linked securities

Obama administration asks top court to turn away Arab Bank case

Arab Bank said the judge’s ruling was forcing it to choose between running afoul of the U.S. court and violating bank secrecy laws in Lebanon, Jordan and other countries.

Hedge Fund Investors Rejecting Firms Over Transparency

An astonishing 89% of investors polled by Intralinks and Opalesque have declined to put money with at least one hedge fund due to transparency concerns.

Goldman, JPMorgan sued over zinc prices

A lawsuit filed on Friday alleges that Goldman Sachs Group Inc, JPMorgan Chase & Co, the London Metal Exchange and metal warehouse operators have conspired since 2010 to manipulate the price of zinc in the United States.

Seasoned Government lawyer joins leading global law firm

He joins from the United States Attorney's Office, Eastern District of New York (EDNY), where he was a Deputy Chief of the Business and Securities Fraud Section.

Legal, Regulation & Compliance