Managers of Wealth Americas

KPMG 2012 Revenues Reach US$23 Billion

The growth in Advisory and Tax underlines the strength of client demand for professional services

Hedge Fund Manager to Pay $44 Million for Illegal Trading in Chinese Bank Stocks

The Securities and Exchange Commission today charged the manager of two New York-based hedge funds with conducting a pair of trading schemes involving Chinese bank stocks and making $16.7 million in illicit profits.

UBS Said to Face Fines of More Than $1 Billion in Libor Probes

The final figures are still being negotiated and could change, three people familiar with the probes said.

Co-Worker Poaching Costs Ex-BlueBay Salesman Bonus Claim

BlueBay canceled Imam-Sadeque’s 2012 stock award

SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset Valuation

Under the securities laws, fund directors are responsible for determining the fair value of fund securities for which market quotations are not readily available.

HSBC to pay $1.9bn in US money laundering penalties

A US Senate investigation said the UK-based bank had been a conduit for "drug kingpins and rogue nations".

A look at money laundering settlements since 2009

Since 2009, several European banks have paid heavy settlements related to allegations they moved money for people or companies on the U.S. sanctions list.

SEC Lifts Restriction on Active ETFs’ Derivativates Use

Active ETFs seek to combine the skill of a manager selecting investments with the trading flexibility, lower fees and tax advantages of ETFs, which typically track an index.

Kazakhstan Wealth Fund Sued in U.S.

The investors claim in a lawsuit in Manhattan federal court that BTA Bank, which isn’t named as a defendant, defrauded them by inducing them to buy debt securities as part of a 2010 restructuring.

US Justice Dept expands probe into Saudi bank licenses

Barclays did not name specific countries in its October disclosure, but in November, responding to a newspaper report, the bank said it did not make any illegal payment to get a Saudi license.

Ex-Deutsche Bank staff say bank hid $12bn losses

Three former Deutsche Bank employees have filed complaints with the US securities regulators claiming the bank failed to recognize up to $12 billion (£7.46 billion) of unrealised losses during the financial crisis.

Morgan Stanley trader did not manipulate market-lawyer

A defense attorney with Akin Gump, said the CME investigation involves a "technical risk management activity" that occurred "in a one-minute period four years ago."

Morgan Stanley trader was probed at Goldman

The incident that led to the Goldman internal inquiry took place the end of 2009 and involved profits Hadden is said to have made ahead of the launch of a new Treasury futures contract introduced by the CME Group in early 2010.

International Tax Law Firm receives top tier ranking

This is the latest honor for the legal boutique firm, which was also recently awarded the 2012 Corporate Intl Magazine Global Award for the “Cross Border Law, Firm of the Year” in Florida.

New York futures broker fined $650,000 for not segregating funds

The order also permanently prohibits MBF and its successors from further violations of the CEA and CFTC regulations, as charged, and from failing to diligently supervise its employees and agents to insure the proper segregation of customer funds.

SEC charges four Indian brokerage firms with registration violations

"These four firms and all other foreign broker-dealers must educate themselves on the U.S. laws and regulations when they provide services to U.S. investors."

Insider-Trading Probe Looms Over Hedge Fund Titan

For years, since the SEC began its far-reaching investigation into insider trading within the hedge fund universe, its probe has led to civil and criminal charges against former SAC traders and investment managers.

China central bank official slams U.S. tax dodging law

A new U.S. anti-tax-evasion measure imposes unfair costs on foreign banks and clashes with Chinese law

Linklaters reopens in Washington DC after decade-long hiatus

The firm becomes the last of the magic circle excluding Slaughter and May to make an entrance in the city

Morgan Stanley Wins Unfair Competition And Raiding Case Against Robert W. Baird

Claimant sought compensatory damages, punitive damages, attorneys’ fees, and costs against Respondent Baird.

Legal, Regulation & Compliance