Managers of Wealth Americas

U.S. charges Swiss asset manager in offshore tax fraud case

Paltzer agreed to cooperate with prosecutors.

Demand, profits finally rebounding for New York law firms

The underlying demand should encourage locally based firms, said Dan DiPietro, chairman of Citi Private Bank's law firm group.

JPMorgan Exec Blythe Masters To Advise Wall Street Regulator

The CommoOver the past five years, Masters built the biggest physical commodity trading operation on Wall Street at JPMorgan, surpassing in size long-time giants Goldman Sachs and Morgan Stanley.dity Futures Trading Commission on Thursday voted on the new

SEC Announces Fraud Charges Against Two Wall Street Traders Involved in Parking Scheme

The Securities and Exchange Commission today announced charges against two Wall Street traders involved in a fraudulent “parking” scheme in which one temporarily placed securities in the other’s trading book to avoid penalties that would

JPMorgan’s Bear Stearns Wins Dismissal of $200 Million Suit

JPMorgan Chase & Co. Bear Stearns unit won dismissal of a suit brought by hedge fund SRM Global claiming it had lost more than $200 million

BBH slapped with record $8 million AML-fail fine by Finra

BBH executed these transactions despite the fact that it was unable to obtain information essential to verify that the stocks were free trading.

JPMorgan to pay $1.5 million in sex discrimination case

The $1.45 million penalty will be allocated between 16 women employees.

SEC Risk Alert: adequacy of due diligence of investment advisers recommending alternative investments and their managers - Withers

The SEC noted industry trends and best practices, as well as key areas in which investment advisers’ due diligence processes tend to be deficient.

Gibson Dunn Adds UBS Counsel

He has a long history of advising on U.S. broker-dealer regulation and extensive personal experience with U.S., U.K., Swiss and other bank regulators that will be of great benefit to our regulatory practice.

Senior Management Increasing Efforts Globally To Combat Money Laundering

Attention being paid by senior management to money laundering challenges is at an all time high according to findings from a new KPMG International report.

Quinn Emanuel chief: associates, go and work on a beach

Quinn Emanuel Urquhart & Sullivan legal titan John Quinn tells The Lawyer why each associate is being handed $2,000 to spend a week working anywhere in the world. Clue: it’s not to unwind.

SEC charges Bermudian investment adviser and principal for illegal short selling

Rule 105 prohibits any person who makes a short sale of securities during a defined restricted period prior to the pricing of that offering from purchasing the same securities in that offering.

SEC Continues Microcap Fraud Crackdown

Pump-and-dump schemes are among the most common types of fraud involving microcap companies.

International law firm Continues Expansion of M&A Practice

They Join New York Office from Akin Gump and Allen & Overy

Hedge funds seek 1.8 billion damages from members of Porsche's owning family

The most recent lawsuit forms part of a legal campaign being waged by hedge funds in various courts across the world, seeking to recoup money which was lost by betting on a decline of Volkswagen's share price in 2008.

Norton Rose Fulbright launches global regulation and investigations practice

We identified global regulation and investigations as an area that is one of the greatest for clients in terms of concern, focus and spend

Feds Seeking $2.1B From Bank Of America

A jury has already found Bank of America, which subsequently bought Countrywide, liable. After that decision, the judge setting the penalty asked the parties for Countrywide’s gains rather than the Fannie and Freddie’s losses.

Biggest Banks Seen Meeting Basel Rules Five Years Ahead of Time

The world’s biggest banks exceed or comply with capital levels under regulators’ Basel 3 proposals five years before deadline, according to Fitch Ratings.

U.S. banking regulator, fearing loan bubble, warns funds

The Office of the Comptroller of the Currency has already told banks to avoid some of the riskiest junk loans to companies, but is alarmed that banks may still do such deals by sharing some of the risk with asset managers.

Jefferies to Pay $25 Million Over Mortgage Trading Probe

Jefferies Group LLC, the investment bank owned by Leucadia National Corp., agreed to pay $25 million to settle U.S. criminal and civil probes of suspected abuses in the trading of mortgage-backed securities after the financial crisis.

Legal, Regulation & Compliance