Managers of Wealth Americas

Northern Trust Sued for Punitive Damages in Case of Severely Disabled Woman

Financial Company’s Reckless Incompetence Costs Accident Victim Millions, Amended Lawsuit Claims

Detroit to Pay $77 Million in Swaps Accord With UBS, BofA

The settlement, which is a 70 percent reduction in the amount the city was liable for under the 2009 agreement, will release Detroit from claims by the banks and provide “greater certainty with respect to the city’s cash flows and liquidity,&a

Jefferies Executive Tells Jurors Lying to Clients Improper

A colleague of former Jefferies & Co. bond trader Jesse Litvak, who is on trial in Connecticut for fraud in the trading of mortgage-backed securities, testified that it’s against the firm’s policy to lie to clients.

Old man sues Citi Bike, NYC for $15M after crash

Saying the accident left him unable to taste or smell

U.S. scrutinizing Swiss insurers in offshore probe

U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well

U.S. SEC Plans Tougher Oversight of Large Asset Managers

The U.S. Securities and Exchange Commission is developing a plan to step up its scrutiny of the country's largest and riskiest asset managers

Bank of America faces new regulatory probes into housing and foreign exchange practices

Bank of America is facing new probes into its mortgage practices as well as its foreign exchange business.

Marijuana Money Isn't Welcome at This Bank

Even though the federal government has eased the way for banks to do business with the marijuana industry, at least one major lender is refusing to take the bait.

Credit Suisse Private Banking fined $196 million for US regulatory transgressions

The Securities and Exchange Commission today announced charges against Zurich-based Credit Suisse Group AG for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registe

UBS seeks immunity as US and EU probe currency market rigging

UBS is seeking immunity in the US and European Union as part of the global investigation of currency markets

SEC Announces Initiative Directed at Never-Before Examined Registered Investment Advisers

These examinations will concentrate on the advisers’ compliance programs, filings and disclosure, marketing, portfolio management, and safekeeping of client assets.

Investors with investments linked to Bernard Madoff

Investors with investments linked to Bernard Madoff may have the opportunity to claim compensation.

Hedge Fund Suit Seeks Identity of Anonymous Blogger

David Einhorn has filed a lawsuit seeking to unmask the identity of an anonymous financial blogger who, he says, disclosed that Mr. Einhorn’s hedge fund was buying shares in a technology company.

Investors and Royal Bank of Scotland Agree to $275 Million Settlement

Pension funds-led litigation results in third largest MBS class action payment

Investment firm accused of fraud in silver sales

An investment firm in West Palm Beach and its owner must pay nearly $1.6 million in penalties and return $4.7 million to about 200 customers it cheated on precious-metals transactions

Former Wilmington Trust exec faces arraignment

A federal judge is presiding over an arraignment for a former Wilmington Trust executive accused of scheming with another bank executive to make improper loans to each other from their respective banks.

Foreign banks bracing for tough US Fed capital rules

Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week

AIG holding BofA $8.5 billion settlement 'hostage,' investors say

The supporters urged the judge overseeing the deal to reject AIG's efforts to delay its approval, according to documents submitted to the court late on Friday.

UPDATE 3-U.S. to let banks do business with licensed pot shops

The Obama administration on Friday issued new law-enforcement guidelines aimed at encouraging banks to start doing business with state-licensed marijuana suppliers, like those in Colorado, even though such enterprises remain illegal under federal law.

Handler Thayer Named 2014 Estate Planning Law Firm of the Year

The Handler Thayer team hopes for a third consecutive win at the annual awards dinner to be held in New York City on February 24th.

Legal, Regulation & Compliance