Managers of Wealth Americas

The Storm before the Calm or the Calm before the Storm?

Analysis of market positioning suggests that traders do not have significant sterling shorts yet.

Goldman Sachs Asset Management Closed-End Funds Announce Shareholder Approvals of Reorganization of Goldman Sachs MLP Income Opportunities Fund into Goldman Sachs MLP and Energy Renaissance Fund

This consolidation should allow for a more efficient cost structure and thus a better opportunity to deliver long-term value to investors.

Deutsche Bank will Pay $583K to Settle Violation of Sanctions

On the same day that the settlement was announced, Bloomberg reported that the bank had retained Robert Kimmitt, a long time friend of U.S. Attorney General William Barr, to sit on its supervisory board.

Law firms and their clients lack resources to keep pace with regulatory change, survey finds

Only around a third of US and UK firms are confident they have sufficient resources, according to Integreon report

Global Private M&A Guide

A practical tool covering key aspects of the legal and regulatory M&A framework in nearly 40 countries

tZERO Approved to Launch Retail Broker-Dealer Subsidiary

At launch, tZERO Markets will start onboarding U.S.-based retail investors with plans to expand to entities and international investors.

RIA in a Box's MyRIACompliance Integrates with the SEI Wealth Platform

vAutomates data entry and provides real-time tracking of registration needs to address regulatory requirements

Mawer Investment Management signs for SimCorp Dimension

The agreement is the latest in a series of North American front-to-back deals, which see buy-side firms choosing SimCorp’s front office.

IRS Rules Merged Trust Qualified as 'See-Through'

IRA assets could be distributed based on oldest beneficiary’s life expectancy.

Why Wealthy American Executives Are Exploring New Citizenship Opportunities

Many are turning to citizenship by investment to alleviate travel restrictions and safety concerns.

Michael Kosnitzky Joins The Exclusive Haute Lawyer Network By Haute Living

Haute Lawyer offers a prominent collective of leading attorneys.

Noteworthy recent SEC rule changes

The amendment to the definition of “Accredited Investor” is effective 60 days after publication in the Federal Register

JPMorgan Probing Employees’ Role in Misuse of Relief Funds

JPMorgan’s investigation could be another sign that misconduct around the slew of coronavirus relief programs went beyond the scattered individual borrowers who have been charged with fraud.

Citigroup Feuds With Hedge Funds Over Botched Payment

Bank’s relationship with fund clients unraveled over a dispute about Revlon debt and an erroneous $900 million payment

Mirabaud Surfaces in Venezuelan Scandal

Mirabaud held at least $4 million for Abraham Shiera, a Venezuelan businessman who was indicted on conspiracy and corruption charges by U.S. prosecutors in connection to the oil scandal.

SEC Charges Fund Manager for Fraud in Securities Offering in Neiman Marcus Bankruptcy

The litigation is being handled by Alexander Vasilescu and Mr. Ceglio. The SEC appreciates the assistance of the U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation.

Bogota Savings Bank and Gibraltar Bank to Merge

The merger is expected to increase Bogota Financial’s consolidated assets from approximately $738.7 million at June 30, 2020 to approximately $846.0 million, and more than double its branch network.

Marble Ridge Founder Dan Kamensky Arrested and Charged With Fraud

The U.S. Department of Justice accused the former Paulson & Co. partner of fraud and other charges in connection with the Neiman Marcus bankruptcy proceedings.

Citi becomes first US bank to win custody prize in China

Wall Street bank receives licence at a time of rapid growth in mainland funds market

TD enters into North American data-access agreement with Intuit

New agreement signifies alignment between TD and Intuit about access to customer financial data

Legal, Regulation & Compliance