Managers of Wealth Americas

SEC Charges Individual with Acting as an Unregistered Broker

The SEC's complaint, filed in federal court in Minnesota, charges Lundervold with violating the broker-dealer registration provisions

COLOMBIA: Amended tax reform legislation enacted

The legislation—which is effective as from that date—contains many of the provisions originally contained in the 2018 tax reform law

Delaware Chancery Court broadens stockholder’s rights to inspect a corporation’s books and records

Interpretation of this statutory provision is the subject of extensive court analysis in Delaware.

FINRA 2.0

FINRA will also continue to focus on the challenges that the increasingly broad array of digital communications

Delaware Courts lean towards market-based valuation approaches

The Judges recognised that legitimate debates over the inputs in a DCF valuation can undercut the reliability of that DCF model.

First Women's Bank gets green light from state to raise capital

The first bank startup in the Chicago area in over a decade has $3.5 million in seed money and expects to raise an additional $46.5 million, with a goal to open its doors in the second half of the year.

CBD regulatory uncertainty opens door for class action litigation

Companies with CBD products on the market should closely monitor pending class action litigation and recognize the risks associated with potentially being named a defendant therein.

Supreme Court mulls fiduciary case for overfunded DB plan

He argued that DB plan participants have "equitable interest" in all assets of a plan and therefore are the only logical ones to file suit when an Employee Retirement Income Security Act violation is alleged.

SECURE Act signed into law - navigating the key modifications

The SECURE Act eliminates the annual notice requirement for safe harbor non-elective contributions

NOW: Reviewing state regulation of digital assets, January 2020

The New York Attorney General’s Office has been the most active in the space, bringing an action against large crypto exchange Bitfinix in early 2019.

Pascal Financial announces deal with Sterling Mutuals

Canadian fintech to integrate AI-powered digital wealth platform with $4 billion AUM mutual fund firm

Regulation of Crypto Assets

Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.

Finra to Focus on 3Bs — Best Execution, Bank Sweeps, Best Interest — in 2020

Robinhood neither admitted nor denied the charges in settling the matter, but consented to the entry of Finra’s findings in its records.

Edward Jones Sued for Alleged Retaliation Against Advisor

That civil suit ended in March 2019 when the court ruled in favor of Edward Jones and Lira was forced to pay legal costs of around $5,000.

Goldman settles ADHD discrimination suit with former analyst

Afrifa said that he lost the chance of a lucrative investment banking career that “could amount to several million pounds in loss of future earnings

New York Wealth Manager to Plead Guilty in ‘Wild’ Spending Case of Fraud

Richard Diver was arrested in March and charged with fraud

Recoverable Grants Are One Way To Help Charities

Recoverable grants are similar to a loan in that they allow donors to support organizations of their choice, have the grant returned to the donor and then allow the donor to regrant it to another organization.

Risky corporate debt is piling up, out of sight from global regulators

Private equity firms also use billions of dollars of debt to take over public companies and, ideally, spruce them up and make more competitive.

US IRS issues crypto tax form

Failure to properly report these transactions, in the most extreme cases, could mean prison time and a fine of up to $250,000.

Aflac Global Investments Announces Strategic Partnership with Varagon Capital Partners, L.P.

Varagon shares our core investment principles, which are grounded in deep fundamental credit research.

Legal, Regulation & Compliance