Managers of Wealth Americas

New York Court Reinstates SIBOR Manipulation Lawsuit

The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.

Private client considerations: understanding the impact of carried interest regulations on US family partnerships and family offices

Carried interest arrangements are widely used to reward key investment professionals for positive growth in the value of investments.

Linklaters advises BC Partners on its investment in Davies

The Linklaters team was led by Partner Ben Rodham with Lauren Bretton

SEC makes clear an ESG disclosure framework is coming and opens comment period on potential climate change disclosures

Beyond climate issues, Lee also made clear in her statements that, moving forward, the SEC will focus on the broader implications of ESG

Rumours of Hong Kong’s Death Have Been Greatly Exaggerated

The US went further still with the removal of Hong Kong’s separate status from China under certain provisions of US law.

With Its Whistleblowing Directive, EU Charts a Different Course From U.S.

European authorities are seeking to set up a minimum standard for whistleblower rules across EU member states, but they don’t favor paying for tips—a key part of an SEC program widely seen as a success

Global trends in merger control enforcement

This report highlights key trends and developments in 2020 global merger control activity, and looks ahead at what to expect in 2021.

The world's largest law firm announces combination with elite Bolivian law firm

Dentons' combination with Guevara & Gutierrez would further strengthen Dentons’ position as the only pan-Latin American and the Caribbean law firm and would position Dentons as the only global law firm in Bolivia.

Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop

A former bank employee contends that the Swiss bank continued to help American clients avoid taxes long after its 2014 plea deal with the U.S. government

FinCEN Warns Art and Antiquities Traders of New AML Measures

The new rules come just months after a congressional bill gave the Treasury Department a year to come up with regulations to help mitigate the threat of money laundering, crime and terror financing in the antiquities trade.

The world's largest law firm announces combination with elite Ecuadorian law firm

Dentons' combination with Paz Horowitz Abogados in Ecuador would further strengthen Dentons’ position as the only pan-Latin American law firm, with locations across 26 countries.

Uncertainty as Citi, Barclays snipe unwanted employees

Barclays isn't the only bank judiciously trimming staff this week

PL Financial Attorneys Selected for Legal Industry DEI Fellowship

LCLD's landmark Fellows Program began in 2011.

Fidelity parent FMR gets good news in ERISA case

They accused Fidelity of charging "secret fees" and offering a "kickback" to managers of competing firms whose investments are available through the Fidelity FundsNetwork.

Climate-Related Disclosure in the Hot Seat

SEC Commissioners: Are Recent Announcements Changes from Status Quo or New PR Twist?

SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad

The SEC has awarded approximately $758 million to 142 individuals since issuing its first award in 2012.

Anti-virus mogul John McAfee charged with fraud over crypto promotion

McAfee indicted in federal court over schemes that promoted cryptocurrency offerings on social media

Investors seeking action from Powell on yields disappointed

Yields on Treasury debt rose after Powell signaled the central bank would make no immediate move to cap the recent increase in yields.

Former Greenbush, Minn.-based bank CEO sentenced for involvement in 'African diamond and gold' scam

Robert John Hager, 71, was sentenced to 18 months in federal prison for abusing his position as the CEO of Border State Bank to buy into a fraudulent "get-rich-quick" scheme.

Outsourcing for banks improves compliance with regulations

Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.

Legal, Regulation & Compliance