Managers of Wealth Americas

Prosecutors ordered to give ex-Merrill traders information in spoofing case

U.S. District Judge John Lee on Wednesday rejected prosecutors’ argument that their probe into the manipulative trading tactic was independent from the CFTC’s.

SEC Bars Advisor Imprisoned for $13 Million Ponzi Scheme

Steven Pagartanis was sentenced to more than 14 years in prison for his role in the scheme, according to the Justice Department. FINRA had previously barred the Long Island–based advisor from the industry.

Morgan Stanley Faces $5 Million Claim from NBA Star Chandler Parsons

Parsons, who is listed as the claimant along with related entities as well as his one-time roommate and fellow National Basketball Association player Courtney Lee, alleged that between 2017 and 2019 “payments were made without prior approval”

This Gigantic Biglaw Firm Wants To Get Even Bigger In 2021 And Beyond

This firm is willing to go harder, better, faster, and stronger to build revenue. Is yours?

Wells Fargo Enters Agreement with GTCR and Reverence Capital Partners to Sell Wells Fargo Asset Management

GTCR and Reverence Capital are two respected private equity firms with deep experience investing in the asset management space.

FINRA Bars Former Wells Fargo Broker for Private Securities Transactions

The regulatory agency claimed Scott Wayne Reed failed to get approval from Wells Fargo when soliciting clients to invest in a software company he himself was invested in.

SEC Obtains Final Judgment Against Advisor Who Defrauded Investors of Millions

Last November, James Booth was sentenced to 42 months in prison for conducting a Ponzi-like scheme on investors and was ordered to pay nearly $5 million.

Much Ado About Transparency

Until then, pensions must contend with significant variation with incoming reporting and differences in statutory reporting requirements for their disclosures – differences that potentially create additional burdens on pensions.

JP Morgan issues first non-QM credit risk transfer notes

JPMWM originates prime jumbo loans and offers fixed-rate, adjustable-rate, interest-only mortgages, and Home Equity Line of Credits (HELOCs).

Wells Fargo's Proposal for Overhaul Wins Approval of Fed

In December, the company had said that it still has to work on improving its control systems in order to have the cap lifted.

Proposed Legislation Would Add Biometric Privacy Requirements to New York Law

The proposed legislation, entitled the “Biometric Privacy Act,” would apply to private entities and regulate the collection, storage, retention, and use of biometric information of individual persons and customers.

Mawer Investment Management Ltd. Announces Termination of Mawer Global Bond Fund

Unitholders may redeem or switch their units of the Fund prior to the Termination Date.

J.P. Morgan Chases Another Bank Broker Who Joined LPL

Browne had been working with 323 clients who kept $145 million at JPMorgan, it said.

Higgs & Johnson Extends Global Platform Through Collaboration with Andersen Global

This collaboration strengthens our commitment to our clients’ needs and further equips us to provide best-in-class solutions globally.”

ABA Cautions Against Unilateral Efforts to Reform CRA in Letters to Fed, OCC

The groups urged the OCC to publicly announce that it will coordinate with the Fed and the FDIC on a joint CRA rulemaking

Citibank can't get back $500 million it transferred by mistake - Judge rules

The law usually punishes those who spend money accidentally deposited in their accounts.

Cisco discloses investigation of alleged payments to foreign officials

It said the investigation isn’t expected to have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

Bitcoin to hit fresh highs – but standby for regulator-triggered price swings

His warning comes as central banks and governments around the world ramp up their focus on digital currencies.

The State of Financial Crime 2021

Technology, regulation, and the future of financial crime compliance

American Dream: The European fintechs (hoping to) conquer the US

Is the American dream accessible for European fintechs, or has the pandemic put a spanner in the works?

Legal, Regulation & Compliance