Managers of Wealth Americas

Global regulator aims to make corporate penalties more uniform

IOSCO will establish the key tools - including fines, prison sentences, and clawing back ill-gotten gains - that deter financial firms from breaking the rules

U.S. prosecutors offer junior UK traders immunity in forex probe

The deals allow individuals to give authorities information about crimes

Tullett Prebon wins $33m in damages from rival BGC

US regulator rules in favour of London-listed inter-dealer broker run by Terry Smith

Citigroup Will Pay $7B to Settle a Justice Department Investigation

The cash portion consists of a $4 billion civil monetary payment to the DOJ and $500 million in compensatory payments to the State AGs and the FDIC.

Ex-CalPERS CEO Admits Taking Cash Bribes

He admitted to forging letters to allow Villalobos to collect placement agent fee commissions.

Bruised and grumbling, foreign banks bend to U.S. rules

Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.

Steven Cohen Writes a Big Check to the U.S. Government

Steven A. Cohen proved to be a stickler for the letter of the law when it came to paying the criminal penalty imposed on his former hedge fund as part of its guilty plea on insider trading charges.

New Managing Partner for Perkins Coie

John Devaney to Become Firm’s New Leader

Regulators detail new capital buffer for top insurers

Regulators published on Wednesday details of how the world's top nine insurers will calculate their first global capital buffer from 2019 to ensure policyholders are protected in a crisis.

SEC review of alternative mutual funds is imminent: official

The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011.

Ex-Carter's executives, NY fund manager get prison for insider trading

The sentencings were the latest development in a broad investigation into what prosecutors called the first major criminal insider trading case to be brought in Atlanta.

Jury in NY acquits ex-hedge fund founder's brother

The smiling 43-year-old defendant left the courthouse without commenting. He still faces civil charges from the Securities and Exchange Commission.

Credit Suisse Says Pension Assets at Risk Unless Court Delays Sentencing

Bank Asks That Sentencing For Aiding Tax Evasion Be Pushed Back to November

Debevoise Names New Counsel in New York and New International Counsel in London

Debevoise & Plimpton has announced that Armando Rivera Jacobo was named Counsel and Alex Parker was named International Counsel to the firm, effective July 1, 2014.

FBI Plays Hedge Fund To Nail Penny-Stock Fraudsters

When it comes to catching crooks, the Federal Bureau of Investigation has found that playing a corrupt hedge fund works.

U.S. regulators begin settlement talks with Commerzbank, Deutsche Bank - source

Commerzbank had 934 million euros (741 billion pounds) at the end of 2013 as provision for litigation risks

Investor Suit Over $3.7B CorpBanca Merger Loses 9 Defendants

Cartica Management LLC on Friday agreed to voluntarily drop the nine defendants from the case

Ex-Merrill CEO says he has 'no knowledge' of Google search wipe

The previous day, BBC economics editor Robert Peston suggested O'Neal may have asked the search engine to exclude a 2007 blog post that mentioned him from its results under a European privacy rule.

Soros Hedge Fund Sued by Ex-Manager Seeking Back Fees

George Soros’s hedge fund was sued by a former portfolio manager who claims the firm wrongfully withheld at least $19.5 million in unpaid fees after firing him without explanation eight months into the job.

JPMorgan Said to Have Unwittingly Helped BNP’s Transfers

The Paris-based bank relied on a legal memo that suggested using a U.S. bank might protect it from sanctions penalties, according to the statement of facts filed by prosecutors in New York.

Legal, Regulation & Compliance