Managers of Wealth Americas

World’s information commissioners demand answers from Facebook about Libra currency plans

They also raise specific concerns about the interaction of Libra and Facebook’s already enormous store of information.

Prospects dim on clear sailing for SECURE Act

Supporters still hopeful despite holdup in Senate

Trustees of Revocable Trusts May Owe Duties to Contingent Beneficiaries

Conversely, a trustee of a foreign revocable trust owes enforceable obligations to the objects (beneficiaries) of the trust forthwith regardless of the settlor’s capacity.

Trial Date Set for US Panama Papers Case

U.S. prosecutors filed charges against four men in late 2018 – two former Mossack Fonseca employees, a Boston-based accountant, and a former U.S. taxpayer.

Bailey Brauer Co-Founders Recognized by Best Lawyers in America

Clayton Bailey, Alex Brauer earn commercial litigation, appellate honors

The anatomy of an alternative mutual fund

When the Amendments came into force on January 3, 2019 (the Effective Date), all commodity pools that existed before the Effective Date were automatically converted to alternative mutual funds.

Wall Street asset manager claims boss coerced her into sex in exchange for supporting her investment fund - and says she was sacked when she complained to HR

She claims she was fired when she cut things off, and filed a complaint with HR.

CPPIB tops $400-billion in assets for the first time

The Canadian dollar rose about 2 per cent in the quarter versus the U.S. dollar.

SEC Files Emergency Action Against Organizer of 'Fraudulent' $15 Million ICO

The Commission’s complaint, filed in federal court in Brooklyn, New York, alleges that the Defendants marketed and sold securities called “VERI” tokens on the internet, inducing retail investors to invest based on multiple material misre

SEC Division Of Corporate Finance Issues Second No-Action Letter For A Bloakchain Token Issuance

To date, Bitcoin and Ether have avoided being characterized by the SEC

$500 Billion in Dividends out of the Double Irish with a Dutch twist (with a bit of Help from Bermuda)

The offshore profits of a lot of U.S. companies were, so to speak, summering in Ireland and wintering in Bermuda.*

Supreme Court Hands HNW Clients New Trust Planning Strategy

The Court has essentially opened the door to trust planning that could avoid state taxation altogether.

Schwab sues former employee for soliciting high-net-worth client

The brokerage house claims a former employee violated his contract after leaving in March to start his own practice.

Is Your Passport Subject to Revocation Because of Tax Debt?

On August 8, 2019 the IRS issued News Release 2019-141 urging taxpayers to resolve their significant tax debt to avoid putting their passports in jeopardy.

Jeffrey Epstein: Questions raised over disgraced financier's death

"What a lot of us want to know is, what did he know?" Mr de Blasio, who is also running for the Democratic presidential nomination, told reporters in Iowa.

Billion-dollar bond scandal hits Goldman Sachs

It’s a taste of the latest scandal to blacken the name of Goldman Sachs.

Burford Capital Charges Market Manipulation; Gotham City Joins Attack

This followed Muddy Waters writing on Twitter on Tuesday, without naming Burford, that it had opened a "new short position on an accounting fiasco that's potentially insolvent and possibly facing a liquidity crunch".

Danske's Bid to Stop U.S. Class Action Lawsuit Hits Obstacle

New York judge denies Danske’s motion to dismiss as moot

Deloitte sues hedge fund manager

This isn't the first time Leach has been in the news for failed life settlement funds.

If you’re a U.S. taxpayer with a foreign bank account, you need to know about FBAR

The IRS tracks foreign assets held by U.S. taxpayers in a number of ways, primarily through supplements that must be completed and filed with federal tax returns.

Legal, Regulation & Compliance