Managers of Wealth Americas

SEC to consider if revisions are needed to Regulation NMS

Liquidnet was fined $2m by the SEC for sharing customer trading information

Appleby partner joins expert panel in New York

When a fund becomes illiquid it can find that its assets cannot be sold at all

Klayman & Toskes and Carlo File $2 Million Claim Against UBS

These funds were too risky to maintain these objectives

Former director sues BNP Paribas North America

The lawsuit alleges that the company eventually fired Orlando from the New York office in a retaliatory move

SMFG chairman Oku concerned over US, UK banking rules

Masayuki Oku takes issue with regulations that exceed demands of Basel III regime

Baker & McKenzie Advises The Dai-ichi Life Insurance Company on its USD5.7 Billion Acquisition of Protective Life Corporation

We are extremely delighted to have assisted Dai-ichi Life on this strategically important transaction

US scheme late in paying $64.8m to Singapore investors

The US operators admit there are problems, but say they hope to return money to investors.

Foreign banks face disappointment over Volcker rule

One of the issues facing foreign banks is whether they will need to sell investments in covered funds, such as private equity or hedge funds

SEC delays case against Steven Cohen

A federal judge on Tuesday granted a request to delay a lawsuit by the Securities and Exchange Commission against Great Neck native and hedge fund owner Steven Cohen, according to published reports.

Jersey set to stage US SEC conference

The seminar will provide an overview of the SEC’s regulatory framework

BlackRock: Regulators Shouldn’t Conflate Asset Managers With Owners

Banks invest their equity capital and deposits in an assortment of balance sheet assets

FINRA Fines Barclays Capital, Goldman Sachs and Merrill Lynch $1 Million Each for Submitting Inaccurate Blue Sheet Data

The Financial Industry Regulatory Authority today announced it has censured and fined Barclays Capital Inc.; Goldman, Sachs & Co.; and Merrill Lynch, Pierce, Fenner & Smith, Inc., $1 million each for failing to provide complete and accurate infor

Foreign banks face disappointment over Volcker rule clarification

One of the biggest issues facing foreign banks is whether they will need to sell investments

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.

Legal, Regulation & Compliance