Managers of Wealth Americas

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

If Bank of America pays $17 billion in fines, should Wall Street critics be satisfied?

Against that double historical backdrop comes today’s news that Bank of America has offered to pay $17 billion to settle claims filed nationwide alleging it shares responsibility for the collapse.

Private fund performance after the Dodd-Frank Act

These new rules boosted the permissible regulatory oversight of the private fund industry to an unprecedented level.

SEC Charges Former CEO of ConvergEx Subsidiary

ConvergEx has since shut down trading operations at the Bermuda broker-dealer subsidiary ConvergEx Global Markets Limited.

Arab Bank Plc faces Hamas financing trial in U.S.

About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.

JPMorgan earns victory over Los Angeles in discrimination suit

City alleged that lender “engaged in mortgage discrimination”

Ex-Jefferies Trader Appeals Fraud Conviction

He was sentenced last month to two years in prison and ordered to pay a $1.75 million fine for lying to customers about mortgage-backed securities.

SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks

The promoters reaped more than $2.5 million in illegal profits through their schemes.

Texas tycoons should pay $750 million for fraud, SEC tells judge

A federal jury found the Wylys liable for a system of offshore trusts in the Isle of Man that netted the brothers $553 million in profits through hidden trades between 1992 and 2004 in companies they controlled.

C.Agricole starts sanctions talks with U.S. authorities

The bank said it had sent the results of its internal review to the U.S. authorities.

AIG to settle lawsuit over financial crisis for $960M

The agreement represents one of the largest settlements of a securities fraud lawsuit in the wake of the economic meltdown.

The Hedge Fund Manager On The FBI’s Most Wanted List

Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, is wanted by the FBI for his alleged involvement in a market manipulation scheme designed to artificially improve the performance of eight Cayman I

Legal, Regulation & Compliance