Managers of Wealth Americas

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

UBS to pay $120m in Lehman Brothers row

UBS agreed to pay $120m to settle claims by investors in Lehman Brothers securities in a lawsuit tied to the investment bank’s 2008 collapse.

Ex-Bank of America executive charged with trying to have his estranged wife of 24 years killed in murder-for-hire plot hatched to cover affair with his secretary

A former Bank of America executive from South Carolina has pleaded not guilty to charges in connection to a murder-for-hire plot targeting his estranged wife amid a contentious divorce.

Legal, Regulation & Compliance