Managers of Wealth Americas

Withers launches a Boston office

Earlier this year we expanded our international Withers tech practice with the hire of a new team of life sciences and venture capital focused attorneys in Boston.

Bay Area corporate partner named a Trailblazer - West by The American Lawyer

Greg Roussel has developed acquisition deal structures widely adopted throughout the technology industry.

FinCEN’s First-Ever National AML/CFT Priorities Provide Insights Into Key Threats

Under the AMLA, examiners will be required to evaluate whether financial institutions appropriately incorporate the Priorities into their risk assessments and overall AML/CFT compliance programs.

Securities America fined $1.75 million for rogue broker breakdown

The SEC alleges the firm failed to safeguard clients from Hector May, who pleaded guilty to stealing $8 million from clients and was sentenced to 13 years in prison.

Bank of America tells UK staff to have vaccine before they return

Wall Street bank wants UK staff back at their desks in two weeks – but only if they’ve been jabbed

Broadridge buys compliance and surveillance assets from Jordan & Jordan

The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations.

SEC Increasingly Turns Focus Toward Strength of Cyber Risk Disclosures

This Legal Update provides background on the new SEC chairman and the SEC rulemaking process, the SEC’s prior guidance on cybersecurity disclosures

Seasoned Atty Opens Private Wealth Boutique

Jason is a graduate of New York University and Yale Law School.

LIBOR transition: Facing Into The End-Game

The operational, conduct and regulatory risks associated with meeting the challenge are considerable.

Robinhood to pay $70m in Finra settlement

The company relied on algorithms to approve customers for options trading, with only limited oversight by firm principals but "often approved customers to trade options based on inconsistent or illogical information".

US bank lobby group gives Japan's MUFG a seat at the table

Tokyo-based bank chairman first from Asian lender on board of Bank Policy Institute

Oil trading in Ecuador: Office of the Attorney General of Switzerland opens investigation

The Swiss investigation aims to clarify whether in relation to this complex of facts any offences could have been committed on Swiss soil.

Support for making Bitcoin legal tender grows in Latin America

Following the announcement, reactions from businesspeople and politicians across Latin America have been mixed.

PNC Announces Stress Capital Buffer and Planned Capital Actions

PNC plans to reinstate its share repurchase programs with repurchases of up to $2.9 billion for the four-quarter period beginning in the third quarter of 2021.

Wells Fargo Issues Statement Regarding the Federal Reserve’s Stress Test Results

The Company expects to increase its third quarter 2021 common stock dividend to $0.20 per share

US judge throws out Facebook anti-trust lawsuits

This resulted in the social networking giant's market value rising above $1tn (£720bn) for the first time ever.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

UBS to let two-thirds of staff mix working from home and office permanently

The move by UBS sets a stark contrast between the Swiss lender and many of its US rivals.

Judges don’t bite on DB defense applying to DC in ERISA cases

If DC sponsors could successfully use this "no harm, no foul" ruling, then they could persuade judges to dismiss complaints, thus reducing the costs of going to trial.

FinCEN Recognizes Law Enforcement Successes Resulting from BSA Reporting

This tireless work is about helping the most vulnerable among us, a matter of financial integrity but also human integrity.

Legal, Regulation & Compliance