Managers of Wealth Americas

What’s at Stake With the New SEC Whistleblower Rules?

The main proponent of the controversial proposals is the Chamber of Commerce, which has a long record of opposing every law, rule, or judicial precedent that helps whistleblowers.

Did the SEC Set the Bar Too Low for Private Market Investors?

Critics — including two SEC Commissioners — take issue with the new standards.

The DOL Addresses How Much Retirement Income A 401(k) Account Provides

These income estimates would be under two potential scenarios: for the participant as a single life income stream, and as an income stream that factors in a survivor benefit for a spouse.

Hightower Makes Strategic Investment in $1.3B Stearns Financial Group

The SFG team will continue to provide the professional financial planning, investment management and high touch service our clients have come to know and love, while Hightower brings back office support, advanced technology and NextGen training to our tea

SEC Adopts Rule Amendments to Modernize Disclosures of Business, Legal Proceedings, and Risk Factors Under Regulation S-K

The Commission also took into account the staff's experience with Regulation S-K arising from the Division of Corporation Finance's disclosure review program and changes in the regulatory and business landscape since the adoption of Regulation S

LPL Financial Welcomes Partner Firms Baldwin Capital Management and Langdon Capital Management

Langdon added that LPL’s self-clearing abilities will also make transactions very smooth for clients.

Withers is proud to help close the digital divide in New York City

Withers has partnered with the New York City Bar to help educate New Yorkers about this issue and urge the City to include and prioritize homeless shelters in its plan to expand broadband internet access for low-income New Yorkers.

IRS Issues Proposed Regulations Intended to Clarify Carried Interest Rules

The IRS believed that taxpayers could make QEF elections with respect to PFICs in which they hold an interest for the purpose of securing passthrough treatment without the application of section 1061.

Wells Fargo to Pay $7.8 Million to Settle Hiring Bias Claims (1)

Wells Fargo will also extend 580 job offers to applicants affected by the alleged bias, the Labor Department’s Office of Federal Contract Compliance Programs said.

Market failure

Economist argues globalization has gouged the middle class, propped up elites and given rise to a dangerous brand of populism

Wells Fargo resumes job cuts after pandemic break

The bank will provide severance and career assistance to affected staff.

California seeks extra protections for policyholders in wildfire areas

The bill is set to be voted on in the full Senate.

Ex-Raymond James Rep Suspended for Unauthorized Buying and selling

The rep was terminated after Raymond James “identified emails suggesting involvement with an unapproved outside business activity,” based on a disclosure on his BrokerCheck report.

OCIE Releases Risk Alert Regarding Compliance Considerations During COVID-19 Pandemic

In this Legal Update, we review a number of observations and suggestions the OCIE has made where there may be heightened risk due to COVID-19.

Growth Prospects and Challenges ahead for the U.S., U.K., Eurozone, China, and Japan

A resurgence of virus infections in several areas is threatening to choke the recovery and could flatten growth in the second half of 2020 and beyond.

What Law Firms Can Expect in a ‘Grueling’ Second Half of 2020

They may struggle to retain and compensate their most marketable partners if they can’t bolster their firm’s finances by the end of the year.

MetLife Announces Alliance With Barnum Financial Group

MetLife and Barnum Financial Group have a shared passion for giving people the tools and insights they need to pursue their dreams with confidence.

Vast majority of comments oppose ESG proposal – analysis

There were 229 comments from investment-related groups, 94% of which were opposed, the analysis found.

HSBC Global AM closes 2nd Vision private equity fund at $260m

The Vision programme was designed in partnership by HSBC Global Asset Management and HSBC Private Banking.

Corruption Has Become America’s Religion

The Declaration and the US Constitution were benign as they set a framework to disperse power and wealth among everyone.

Legal, Regulation & Compliance