Managers of Wealth Americas

Judge enters order against alleged "green" Ponzi scheme

The Securities and Exchange Commission obtained a final judgment on Thursday for an alleged $135 million "green" Ponzi scheme.

RAYMOND JAMES FINANCIAL

REPORTS AUGUST 2012 OPERATING DATA

Deloitte announces revenue results of US$31.3 billion

Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

Morgan Stanley had fired funeral association's investment adviser

One of two investment advisers working with the Wisconsin Funeral Directors Association, now under investigation by two state agencies for possible securities violations, was fired by Morgan Stanley earlier this year, federal documents show.

Court says Merrill must pay two former brokers $10 mln

The $10.2 million award to Florida brokers Tamara Smolchek and Meri Ramazio was among the largest of the individual deferred compensation cases brought against Merrill.

Ex-UBS Banker Alleged Attacker Charged

A New York man has been charged with theft and attempted extortion from a former UBS M&A banker, who was tied up at gunpoint during a terrifying home invasion in Bedford Hils, New York, in May.

Morgan Stanley infrastructure fund hit by Volcker rule

A U.S. regulation that limits how much of its own capital a bank can put at risk is causing headaches for Morgan Stanley as it prepares to raise a new multi-billion-dollar global infrastructure fund, people familiar with the situation said.

SEC Makes History, Charges NYSE With Unfair Practices

The U.S. Securities and Exchange Commission brought historic charges against the New York Stock Exchange. What were they?

UK and US sign landmark FATCA anti-tax evasion pact

AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND TO IMPROVE INTERNATIONAL TAX COMPLIANCE AND TO IMPLEMENT FATCA

JPMorgan faces money laundering probe

The exact scope of the inquiry and the size of potential liabilities for the bank could not be learned.

Hamas financing case can proceed against Arab Bank: judge

Arab Bank denied the claims, saying that Gill was caught in the crossfire between two military forces and that Gill had failed to show Arab Bank's liability for the shooting.

When rich men hurt each other's feelings

Billionaire Ronald Perelman and a top New York City art dealer have traded lawsuits over several artworks including a sculpture of Popeye by Jeff Koons.

Black Merrill brokers lose appeal over bias in bonuses

Bank of America spokesman Bill Halldin said the bank is pleased with the decision.

SEC Sues Hedge Fund Manager For Allegedly Hiding Losses

He allegedly claimed to manage $1.5 billion—and to have posted big returns—before he used the collapse of MF Global Holdings in October as an excuse to stop paying out redemptions, the regulators said.

HF Consultant Corgentum Opens SF Office

"Our new expansion will allow Corgentum to better serve investors on the West Coast by providing a valuable on-the-ground presence in multiple locations. Additionally, being closer to Asia, will allow us to further expand upon our existing Asia-based

Standard Chartered 'close to US settlement over money laundering claims'

The Treasury Department has approved an initial settlement that will also involve Manhattan's top prosecutor and the Department of Justice, the New York Times said.

Swiss fume at U.S. "hypocrisy" over whistleblower's payout

Many Swiss are fuming after a whistleblower, who helped prosecute Swiss bank UBS for helping rich Americans avoid taxes, was paid a record $104 million by U.S. authorities after being jailed for his own part in the affair.

UBS whistleblower awarded $104m

US tax authorities have awarded $104m (£65m) to Bradley Birkenfeld, the whistleblower in a major tax evasion case against UBS, the Swiss bank.

US files suit against UBS Securities

US regulators have filed a lawsuit against Swiss banking giant UBS, accusing it of misrepresenting the risk associated with mortgage-backed securities it sold to two federal credit unions.

U.S. Bars Ex-Credit Suisse Banker From Leaving

“Permitting the defendant to travel to his country of origin or residence would be an invitation to flee”

Legal, Regulation & Compliance