Managers of Wealth Americas

How Canada’s CRM3 rules are redefining suitability

The sector faces a key question: will suitability remain a checkbox

Trump's budget bill is closer to becoming law - here are the remaining sticking points

The lower chamber approved an earlier version of the bill in May with a margin of just one vote, and this bill must now be reconciled with the Senate version.

Big US banks expected to ace stress tests, boost dividends

It is also used by banks to determine how much in dividends can be given to shareholders.

Shares of Coinbase, Circle surge after stablecoin bill passes Senate

Stablecoins have become Coinbase’s biggest revenue driver after trading, with stablecoin-related income surging 50% year-over-year in the first quarter.

Hedge fund traders caution against paternity leave after trader dismissed

Satha told the FT in 2022 that his long paternity leave was, "a welcome relief for many female traders who were anxious that having children would adversely impact their career."

Central banks forecast more gold purchases, fewer US dollar reserves in years ahead

Respondents expect the share of other currencies, such as the euro and renminbi, will also increase over the same five-year period.

US House bill puts policy pressure on renewables

The House-approved OBBB heightens scrutiny on foreign sourcing for entities seeking tax credits.

State Regulators Claim Edward Jones, LPL, Others Overcharged Retail Customers

RBC, Stifel and TD Ameritrade were also among the settling firms.

SEC Weighs Harmonizing RIA, B/D Mandatory Arbitration Rules

The commission’s Investor Advisory Committee recommended the SEC amend its advisor rules on mandatory arbitration clauses

Regulators Prepare to Ease Post-Financial Crisis Banking Rules

As Politico noted, the efforts mark a major shift from last year, when regulators under President Joe Biden were advocating a plan that would require big banks to have even larger capital cushions, much to the industry’s dismay.

RBC and CIBC ramp up provisions for loan losses amid higher risks stemming from trade and policy uncertainty

In the same quarter last year, RBC reserved $920-million in provisions.

Why you shouldn’t focus on tariffs when expanding to the US

Businesses don’t expand to the US for the short term.

Belgian data transfers to US ‘breach GDPR’

The transfers at issue were made under bilateral agreements between some EU states and the US that cover the US Foreign Account Tax Compliance Act (FATCA).

Dozens of Houston-based wealth management employees to be laid off by NY-based firm

Atria Wealth Solutions plans to lay off more than 50 Houston employees.

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments

U.S. Bank Deregulation a Near-Term Neutral but Poses Longer Term Risks

Conversely, streamlining regulatory agencies or updated Basel III Endgame capital framework will require inter-agency cooperation, stakeholder buy-in and in some cases, legislation.

Decision Notice - CIRO Sanctions Gary Edmond Perron and Cumberland Private Wealth Management Inc.

As part of the settlement, Gary Perron admitted to having failed to disclose and seek pre-approval for activities related to the transfer of shares

Legal, Regulation & Compliance