Managers of Wealth Americas

Accidental Americans fundraise for latest US legal action

In a bid to force American embassies to resume processing citizenship renunciation requests

UK prioritises US data transfers agreement

The government’s plans in relation to bolstering international data transfers also include the formation of a new International Data Transfers Expert Council.

DLA Piper advises Citigroup Global Markets and Cowen and Company

DLA Piper's global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked secu

Federal Agencies Set Out Guidance for Fintech Partnerships

FDIC, Fed and OCC published updated guidance on fintech work for community banks

France fines U.S. bank JP Morgan $29.6 mln in tax fraud settlement

Prosecutors said BitConnect ran a "textbook Ponzi scheme" by paying earlier investors with new investor money.

Regulators warn Wells Fargo of new possible sanctions

The bank has sought more time to resolve the issues raised by the consent orders, according to Bloomberg.

Morgan Stanley raises pay for institutional securities analysts

Those workers’ base pay increased to at least $100,000, from around $85,000, starting this month.

Morgan Stanley Utah Broker Agrees to Stop Contacting Ex-Clients at J.P. Morgan Private Bank

The previously unreported injunction was finalized May 27 and marks at least the second time J.P. Morgan has taken a former banker or team to court amid over a dozen departures in the past year.

SEC Charges Eight Firms for Cybersecurity Shortfalls

According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.

2021 Mid-Year Securities Litigation Update

According to Cornerstone Research, both the number of new filings and the average approved settlement amount in securities class actions decreased relative to the same period last year and historically.

SEC to Monitor Illicit Activity on DeFi Platforms

Agency Contracts With Blockchain Firm AnChain.AI; Experts Weigh In

Madoff Victims Get Second Crack at Citigroup’s $343 Million

Picard claimed Citi failed to act on red flags concerning Madoff, but a bankruptcy court dismissed the suit, finding the trustee had not shown the bank acted with “willful blindness” to possible fraud.

Power & renewables M&A soars on back of green policies

The power and renewables industry is positioned for a sustained period of strong deal activity as the US focuses on hitting net zero carbon emissions by 2050

SEC Fines Florida RIA $1.6M

The settlement order against J.W. Cole Advisors is another in a line of actions brought against firms that failed to disclose the conflicts during the commission’s Share Class Selection Disclosure Initiative.

Frictions arise between Wall Street and private equity clients

‘Financial sponsors’ increasingly press their advantage against investment banks

Germany and US issue joint statement on spontaneous exchange of CbC reports for 2020

According to the German regulations, in the absence of such an information exchange agreement, a German taxpayer must submit the group’s CbC report to the German competent authority, even if the ultimate parent company submitted the report on time

Latham & Watkins Advises Hg on Acquisition of Majority Stake in Serrala

German-led team advised the leading software investor on the transaction.

Danske Bank defeats appeal in U.S. over money laundering scandal

Their lawyers did not immediately respond to requests for comment.

Sidley Helps Concacaf Recover Over US$69 Million in Misappropriated Funds

Concacaf will receive over US$69 million of the funds, which will be used to further benefit football development in the Concacaf region.

US probes Deutsche Bank's asset management arm over sustainability claims

The agency earlier this year established a task force to root out misconduct related to environmental, social and governance issues.

Legal, Regulation & Compliance