Managers of Wealth Americas

Walkers Advises Duddell Street Acquisition Corp. on the Listing of its US$175 Million SPAC

Cayman Islands partner Andrew Barker, Hong Kong partner Jo Lit and Legal Manager Kevin Ho advised the company on the Cayman Islands law aspects

Nasdaq to Advance Diversity through New Proposed Listing Requirements

Companies listed on the Nasdaq Global Select Market and Nasdaq Global Market will be expected to have two diverse directors within four years of the SEC’s approval of the listing rule.

HSBC mulls exit from US retail banking

The bank is planning a coronavirus-induced overhaul of its business model, seeking to shift its main source of income from interest rate to fee-based businesses.

Are the FinCEN Files dangerous and defamatory?

Those disclosing SARs need to be confident that, when filing them, their data will remain confidential. If not, then they need to have the right to a remedy against FinCEN.

Ontario regulation requires municipalities to develop asset management plans

According to Feere, the town has previously developed two management plans with the help of a consultant.

Broker warns buyers to budget for stamp duty

According to data from Trussle, the average completion time varies across the country, with a median of 96 days in the South East and 166 days in the East Midlands.

California lawmakers demand unemployment answers from Bank of America

Also under fire for its role in long payment delays is the state Employment Development Department, which first signed the contract with Bank of America in 2010 and earlier this year amassed a backlog of 1.6 million unpaid jobless claims amid mounting con

Banks push back on OCC’s bid to ban lending bias

But the OCC appears to be standing firm. It argues that the proposal simply formalizes guidance "issued and reinforced" by the agency since 2014.

JPMorgan Chase Fined $250 Million Over Failings In Fiduciary Business

The bank has remediated the deficiencies that led to this action.

Chubb Cyber Index(SM) Highlights Importance of Professional Services Industry Taking More Protective Steps Against Cyber Attacks

Businesses can take extra steps to protect their remote workforce against cyber threats

Three Healthcare Achievements To Be Thankful For

For a family of four, that plan will run $1,486 in 2021, compared to $1,524 last year.

Qatar starts legal proceedings against FAB in New York in market manipulation row

Qatar in 2018 alleged that First Abu Dhabi Bank, the United Arab Emirates’ largest lender, made “bogus” foreign exchange deals to harm Qatar’s economy after the UAE and other Arab states began a boycott of Qatar in 2017.

Hedge Funder Sues Gallery Over George Washington Painting

Former hedge-fund manager Michael Steinhardt says the gallery misled him during a consignment.

Finra Hits Another Veteran Broker Over UIT Sales

Stifel itself agreed in May to pay more than $3.6 million for allegedly giving inaccurate information on the costs of rollovers and related supervisory violations.

Wells Fargo executives charged with disclosure of false and misleading KPIs and certifications

According to the Order and the complaint, for several years, Wells, Stumpf and Tolstedt publicly touted Wells’ cross-selling strategy as key to Wells’ successful growth

US tax rules for a Delaware LLC

These non-US resident tax members are responsible for assessment on any net profits at 30% of their US-sourced income.

Offshore Cheat Sheet: How to Navigate LatAm's New Regulatory Minefield

US firms should consider the impact of the law, as well as AML concerns that may arise from any transactions with institutions in the country.

Pulling “Shadow Banking” Out of the Shadows: FSB Report on March 2020 Turmoil Signals Increased Regulatory Scrutiny of Non-Bank Financial Intermediation

The Report also recommends that, based on the FSB’s analysis, the international efforts to boost the resiliency of NBFI focus on three main areas

Silicon Valley Newsletter | November 2020

So as your teams are getting reoriented after the election here in the US, we’d love to talk to you about your international plans for 2021.

SECs OCIE Issues Warning to Registrants Regarding Complex ExchangeTraded Products

The orders against each firm found that the firm failed to implement written policies and procedures reasonably designed to prevent violations of the Investment Advisers Act of 1940 and the rules thereunder.

Legal, Regulation & Compliance