Managers of Wealth Americas

'Bitcoin Millionaire' Indicted For Allegedly Funneling Cash To Silk Road

Both Shrem and Faiella face charges of money laundering, conspiracy and failing to file suspicious activity reports

Yellen: Mega-banks might need to hold more capital

Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress.

SEC Charges Advisory Firm with Misleading Investors

The Securities and Exchange Commission charged a San Diego financial advisory firm with hiding from its clients kickbacks it received from a fund-management firm that it owned.

N.Y. Regulator Sends Subpoena to Credit Suisse in Tax-Evasion Prob

New York's top financial regulator has sought numerous documents from Credit Suisse Group AG as it ramps up a continuing tax-evasion probe of the Swiss bank.

Northern Trust Enhances FTK Investment Statement Reporting for Dutch Pension Schemes

Solution Designed to Support Regulatory Requirements for Asset Level Transparency and Risk Modelling

SAC to pay record $1.8B in insider trading case

AC Capital Advisors' landmark $1.8 billion settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund's role as a money manager and capping a decade of insider

Hedge fund fined record $1.8 billion

These crimes clearly were motivated by greed

'Purported Hedge Fund' Manager Back In Jail Awaiting Trial

Murray was found to have violated these terms

Global Growth Threatened in $693 Trillion Derivatives Review

Rules introduced after the collapse of Lehman Brothers Holdings Inc. to reduce systemic risk

Kuwait Prepares To Sign FATCA IGA

The Kuwaiti finance ministry said that it has established a committee

Proskauer, Greenberg Blast Inclusion In Facebook Fraud Suit

The civil action stems from the dealings of convicted Ponzi schemer

Robbins Geller Rudman & Dowd Starts Class Action Suit Against Genworth Financial

According to a release, the complaint charges Genworth and certain of its officers and directors with violations of the Securities Exchange Act of 1934

Big U.S. banks must boost capital by $68 bln under new rules

The rules would limit banks' reliance on debt, part of efforts to prevent another financial crisis.

SEC, Criminal Authorities Halt Florida-Based Ponzi Scheme Targeting Investors Through YouTube Videos

In one YouTube video, an apparent investor is polishing his new Cadillac as a friend proclaims, “What an amazing car! How can you afford this?”

Ex-UBS broker awarded $5.4 million in case over Lehman notes

Arbitration panel has held the firm liable for misrepresenting Lehman Structured notes as suitable for clients

Citigroup to pay $1.13B to settle mortgage claims

Citigroup has announced that it has reached an agreement with 18 institutional investors, represented by Gibbs & Bruns LLP, regarding the resolution of certain legacy Securities and Banking private-label securitization representation and warranty re

SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds

A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.

Fed gives banks extra time on Volcker compliance

The Volcker rule, aimed at banning proprietary trading, would have forced banks to divest their CLO investments, resulting in billions of dollars in losses.

Norway native admitted stealing millions from investors

A Norway native admitted in federal court in San Diego Tuesday to using counterfeit and forged securities to steal more than $2 million from investors over a recent 13-month period.

Regulators act to require stronger bank capital

The banks’ deposit-holding subsidiaries will have to achieve a ratio of 6 percent. The subsidiaries are subject to a stricter ratio requirement because the deposits are insured by the government.

Legal, Regulation & Compliance