07/15/2020
Pension funds put pressure on Brazilian govt to act on deforestation
Following the meeting, the Brazilian government agreed to deploy the military in future to help prevent forest fires.
Legal, Regulation & Compliance
07/15/2020
Miracle Mile Advisors Announces Partnership with $250M Aequitas Wealth Management
The two firms bring together complementary high-touch client service, robust technology and infrastructure and seasoned financial advisors
07/15/2020
Threading the Needle: Drag-Along Clauses and Asset Deals
The above provision provides a simple example designed to ensure that the mechanics of a drag-along can be relied upon in an asset disposition.
07/15/2020
Qualis Capital Announces Strategic Partnership With WealthShield And Wealth Advisor Growth Network
Qualis provides a turn-key solution, an attractive user interface, and the flexibility necessary to provide customized solutions at the end client level.
07/14/2020
What Is A Simplified Employee Pension IRA (SEP IRA)?
SEP IRAs differ from Traditional IRAs in that they offer potentially much higher contribution limits.
07/14/2020
Ex Devere Exec manager fined for misleading clients
They made “material misstatements and omissions” about the benefits of overseas pension transfers, the SEC says.
07/14/2020
Proposition 19 threatens to increase property taxes on parent-child transfers of California real estate
Under current law, a transfer of ownership in California real property generally results in a reassessment for property tax purposes. Such reassessment typically means an increase in real property taxes.
07/14/2020
Nigerian Influencer Ramon ‘Hushpuppi’ Abbas, Accused By FBI Of Money Laundering, Is Denied Bail
The primary allegation leveled by the FBI is that Abbas was part of a network that made “hundreds of millions of dollars” from business email compromise frauds and other scams.
07/14/2020
Going Dark in the USA: How to Exit the US Public Markets and Options for US-Listed Chinese Companies
This article explains the details of the Act and how it impacts US-listed Chinese companies and provides options for US-listed Chinese companies to exit the US public markets.
07/13/2020
Top global banks risk breaching China law by complying with US
Retail and corporate banks with a big presence in Hong Kong such as Citigroup and HSBC could be more exposed to the risks from the bills especially on sizeable transactions done through local units, one of the people said.
07/13/2020
Nomura and Wolfe Research Announce Strategic Alliance
Nomura’s capital markets business will have access to Wolfe’s deep, longterm relationships with corporate issuers and robust corporate access program, and Wolfe’s clients will benefit from access to Nomura’s capital markets experti
07/13/2020
Kobre & Kim, Robin Rathmell Receive Chambers Recognition for Financial Crime Involving HNWI’s
Of the firm’s services, one commentator told Chambers: “I have never seen such high-level work, strategic thinking and speed in a law firm.”
07/13/2020
FCA targets scammers using Trump Building to clone Swiss AM
UK regulator issues warning to investors over unauthorised activities emanating from the US.
07/13/2020
US banks told not to use Covid-19 as cover for branch closures
New OCC chief: ‘I’m not prepared to revisit the fundamentals of bank regulation’
07/13/2020
Election in sight, but focus stays on secure retirement.
Pandemic magnifying woes that lawmakers are seeking to repair.
07/10/2020
Beware a $12 Trillion Pension Revolt Against Low Rates
Their thesis stems from a correlation analysis of moves in 10-year yields and the change in Treasury holdings reported in the Fed’s quarterly flow of funds data.
07/09/2020
Merrill Fires Multi-Million-Dollar UHNW Pair for Cheating
His partner, Christopher R. Berry, was let go for the same training violations, according to the summary of his discharge.
07/09/2020
Broadridge Announces CFO Transition
Broadridge has initiated a search process for a permanent successor that will include both internal and external candidates and has engaged a leading executive recruitment firm to lead this process.
07/09/2020
DLA Piper advises Stillfront Group in US$128.4 million Rule 144A offering
Along with Marks, the DLA Piper team representing Stillfront Group included of counsel Sanjay Shirodkar (both of Washington, DC).
07/08/2020
Canoe Intelligence and SS&C team up
Canoe leverages a combination of industry expertise and advanced AI and machine learning techniques to eliminate the operational inefficiencies associated with alternative investment workflows.