Managers of Wealth Americas

SEC Charges Royal Bank of Scotland Subsidiary with Misleading Investors in Subprime RMBS Offering

The Securities and Exchange Commission today charged RBS Securities Inc

BlackRock, Fidelity Face Initial Risk Study by U.S. Regulators

BlackRock Inc. and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system

Hedge Fund Agrees Record $1.8bn Insider Dealing Fine

The payment fails to altogether remove the cloud hanging over boss Steve Cohen however, with investigators continuing to study his trading history

Greed Sometimes Is Not Good': Billionaire Steven Cohen's Hedge Fund Reaches $1.8 Billion Plea Deal

Federal prosecutors announced a record $1.8 billion insider trading penalty against billionaire Steven A. Cohen’s embattled SAC Capital on Monday

UBS whistle-blower settles dispute over $104m payout fee

Bradley Birkenfeld, the former UBS private banker who exposed how the bank helped Americans evade taxes, settled legal disputes with a law firm that claimed it was owed $13m of his $104m whistle-blower award.

UPDATE 1-Bank of America wins dismissal of lawsuit on AIG disclosures

Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc.

Mishcon Appoints new Family Partner

Her expertise includes advising on asset preservation and protection both in the UK and offshore

Fannie Mae Wades Into Libor Fight

The US lender is suing nine banks, including several in the UK and Europe, for £500m in damages.

Merrill Lynch fined over rogue broker

Massachusetts securities' regulators fine the brokerage giant $500,000 for failing to stop a rep from defrauding clients

SEC Fines Wellesley Wealth Management Firm for Failing to Protect Client's Money

The Securities and Exchange Commission has fined a Wellesley-based wealth management company $250,000 for not properly protecting its clients' money

Fund managers face £3bn hit if sell-side research is banned

Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive

Revealed: Citigroup to Shake Up Panel With Reduced Roster

Citigroup will announce details of its eagerly-awaited revamped panel early next month

Trinidad & Tobago To Sign Pact With IRS

In its most recent Financial Stability Report released October 16, covering up to June, the Central Bank said that this will happen as T&T and other Caribbean countries move to comply with the US’ Foreign Account Tax Compliance Act.

SEC Charges Three Firms With Violating Custody Rule

The majority of investment advisers do not maintain custody of client assets, which are instead held by qualified third-party custodians like a bank or broker-dealer

Billionaire's hedge fund could pay $1B fine in fraud case: sources

A deal could be announced as early as this week, people familiar with the matter said.

U.S. Sets Bank Liquidity Plan, Says Tougher than Basel

U.S. regulators unveiled a plan on Thursday for banks to hold enough assets they can easily sell to survive a credit crunch

Lehman Brothers ex-vice president in wife-biting assault charges

A wealthy former vice president at Lehman Brothers is set to go on trial for biting

White & Case winner for Bagshaw and Youle

One of the world’s worst-kept secrets was let out of the bag last week when Linklaters private equity partners Richard Youle and Ian Bagshaw resigned for White & Case.

Hedge Fund Manager's Wife Ordered To Pay Legal Bills In Divorce

The "astounding" costs of hedge fund manager George Sykes' divorce from his wife, Amanda, have pushed the judge overseeing the split to make a major break with precedent.

Heidrick & Struggles appoints new Partner

Sean is well-known within the technology industry

Legal, Regulation & Compliance