Managers of Wealth Americas

FINRA Hearing Panel Expels Success Trade Securities and Bars CEO

Ordered to Pay $13.7 Million in Restitution; Majority of Defrauded Investors Were NFL and NBA Players

RBC’s Buyout Conflicts Justify Hefty Damages, Lawyer Says

Royal Bank’s failure to disclose its conflicting interests in the $17.25-a-share sale was “pretty egregious”

Law Firm Expands Client Practice in South Florida

He concentrates her practice in the areas of estate planning, guardianship administration, probate administration, and trust administration. She works with non-traditional families regarding all types of estate planning issues and also drafts pre- and pos

Fed Gives Banks Extra Time on Capital Plans

Citigroup and Three Others Must Revamp Proposals in Wake of Failed 'Stress Tests'

BNP Paribas SA said to move compliance operations to US as settlement nears

BNP Paribas SA is relocating its US sanctions compliance operations to New York from Paris.

SEC Charges Hedge Fund Advisory Firm and Others in South Florida-Based Scheme to Misuse Investor Proceeds

The Securities and Exchange Commission today charged a West Palm Beach, Fla.-based hedge fund advisory firm and its founder with fraudulently shifting money from one investment to another without informing investors.

International law firm opens two US offices

The offices, in Palo Alto and New York, will both open in September this year.

BNP Paribas Will Be Suspended From Trading In US Dollars

The New York Department of Financial Services has also demanded the firings of 30 employees said to be involved in the allegedly illicit trades

US hedge funds react to new regulatory paradigm

One of the hallmarks of this industry is the rich vein of innovation that runs through it

The New Big, Bad Bully in Banking Town Is After Citigroup and BNP Paribas

An investor must wonder: What is all of this?

BofA's Merrill fined for mutual fund overcharges

Bank of America Corp's Merrill Lynch unit was fined $8 million and will reimburse $24.4 million to customers to settle allegations that it overcharged more than 47,000 retirement accounts and charities that invested in mutual funds.

Merrill Lynch Must Face $1 Billion Mortgage Suit, Court Says

The trusts sued Merrill Lynch Mortgage Lending Inc. in New York State Supreme Court in Manhattan in December 2012, seeking to force it to buy back allegedly misrepresented loans.

Volcker Rule: Interim Examination Procedures

The Office of the Comptroller of the Currency (OCC) is issuing interim procedures for examiners to assess banks’ progress in developing a framework to comply with requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protecti

IRS Backs Investors Seeking Change to Hedge Fund Fees

The U.S. Internal Revenue Service issued a ruling that clears the way for institutional investors to seek changes to incentive fees assessed by hedge funds, which may make it cheaper for them to invest in such offerings.

IRS Backs Investors Seeking Change to Hedge Fund Fees

Institutions have been pushing managers to charge incentive fees on a cumulative basis

Update 2- U.S. wins first guilty plea from individual in Libor probe

A former Rabobank NV trader pleaded guilty on Tuesday for his role in manipulating Libor, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks.

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

Legal, Regulation & Compliance