Managers of Wealth Americas

Dubai court dismisses Kuwaiti Sheikh's $21 million claim against UBS

The case highlighted the complexity of doing business in the Gulf

Two Shreveport businesses guilty of money laundering, wire fraud, tax evasion

The defendants’ scheme revolved around the sale and financing of used and new vehicles to individuals who derived Read more: ZacharyToday.com - Two Shreveport businesses guilty of money laundering wire fraud tax evasion

Private Equity Funds Potentially Liable for the Pension Obligations of their Portfolio Companies

This was a case of first impression for the First Circuit. Two conditions were present that led to liability under Title IV for the private equity fund in this case.

UBS Financial Services Agrees To Pay $4.58 Million To Settle A Multi-State Investigation

UBS Financial Services, Inc. has agreed to pay $98,184.84 in civil penalties to the New Jersey Bureau of Securities

U.S. top court dismisses shareholder case against UBS

The high court had been due to rule on the case in the term starting in October

Billionaire Blavatnik Wins $42.5 Million JPMorgan Award

Billionaire Leonard Blavatnik won a $42.5 million breach of contract award against JPMorgan Chase & Co. over claims the bank stuffed a fund with risky mortgage securities and lost 10 percent of his $1 billion investment

Three Charged With Stealing Flow Traders Trading Software

Two men who were employed by Flow Traders were charged in New York with stealing the firm’s electronic trading software

SEC Proposal, CFTC Rules, BB&T, Monte Paschi: Compliance

The failure that affected Nasdaq’s system for reporting quotes and trades bolsters the case to pass a proposal issued in March

FATCA - Registration Portal Opened

Broadly speaking, FATCA imposes a 30% withholding on payments of US source investment income to non-US entity payees absent a certification from such payees as to the identity of their US owners or accountholders, if any.

Christie's sued for failure to protect art collection

Legendary British auction house Christie's will have to clear its name in a New York court after a lawsuit accused

Argentina loses appeal of U.S. ruling, must pay bondholders $1.3-billion

This will take time to resolve, and the politics could change before it is.

Investigation shows Bloomberg used private client data

We did not fully appreciate how expectations of us have evolved

U.S. looks to turn the screw in Swiss banks talks

The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders,

FINRA Fines Morgan Stanley $1M for Unfair Pricing

The requirement to pay restitution is in addition to restitution that Morgan Stanley paid previously to customers for transactions covered by this settlement.

JPMorgan hires New York law firm to help in hiring probe

The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.

SEC charges ex-Oppenheimer fund manager with misleading investors

The company earlier this year agreed to settle related charges with the SEC and pay $2.8 million.

Billionaire Philip Falcone banned from financial sector for five years

While the ban would put at least a temporary end to Falcone's hedge fund career, the consent order detailing the agreement does not say Falcone is barred from being a director or officer of a public company.

Swiss Lawyer’s Guilty Plea Discloses Help in U.S. Tax Probe (3)

Paltzer is cooperating with U.S. authorities in their broader investigation of how foreign banks and advisers helped American clients evade taxes, his lawyer,Thomas Ostrander, said.

Chartis Report Outlines Financial Organizations’ Top Global Compliance, Risk and Business Performance Challenges

Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements

Feds charge ex-JPMorgan bankers in 'London whale' case

Federal prosecutors in Manhattan have criminally charged two former JPMorgan bankers for their alleged role in the “London whale” trading loss that rocked the investment bank last year and led to a very public overhaul of its senior management

Legal, Regulation & Compliance