Managers of Wealth Americas

Dana Incorporated Reduces Pension Liabilities while Fulfilling Benefit Obligations

Transaction enhances Dana's credit profile and further improves balance sheet

Wells Fargo, chaperone to breakaway brokers?

competitors TD Ameritrade, Schwab, Fidelity and Pershing all offer guidance or resources in a firm’s departure process when going indie — Wells' approach is more direct.

SEC Charges Five Asian Traders for Market Manipulation

The SEC alleges that trades involving these five seemingly unrelated individuals from three different countries accounted for 70% of the volume in MDDT over the period in which they traded.

U.S. charges four ex-executives at Canadian payments firm PacNet with fraud

Lawyers for the defendants could not immediately be identified.

College admissions scandal mastermind found fertile hunting grounds in wealth management world

Singer, who has since admitted to running the brazen college admissions scam that federal prosecutors brought down in March with criminal charges against dozens of people, was no stranger to Morgan Stanley or other big investment firms.

US Has Become “Go-To” Nation for Shell Company Formation: Senators

The draft legislation would task the Financial Crimes Enforcement Network (FinCEN) with approving transaction monitoring software, including in-house systems

Fairfield Sentry: Privy Council Confirms that New York Courts can Apply BVI Insolvency Law to Void Preference Payments

The Privy Council is also the highest court of appeal in the Cayman Islands

Fraudster behind $50m Bitcoin scam that duped UAE investors admits crimes

Haddow's other business scams include a milk line, glow in the dark plastics, a hotel ownership plan and even an attempt to buy the world's oldest newspaper, UK-based The Observer.

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

Without admitting or denying the SEC’s findings, ICBCFS agreed to be censured, return nearly $24 million in ill-gotten gains, and pay $4.4 million in prejudgment interest and a $14.3 million penalty.

Carey Olsen advises Gympass as it secures US$300 million of new funding

Gympass' latest funding came from Japanese investment group SoftBank as well as existing investors such as General Atlantic, Atomico and Valor Capital.

Three Abraaj Executives Charged in U.S. Fraud Investigation

Former CFO, two ex-managing directors face new U.S. charges

Noah receives advisory licences in Canada

With the new licences, the New York-listed Chinese wealth manager will be able to give financial advice to high net worth individuals and family offices in Canada.

Regulatory co-operation between the UK and US: now and in the future by Nausicaa Delfas

BritishAmerican Business and the City of London Corporation have always been important voices when discussing regulatory co-operation and coherence

FINRA Fines Ex-Merrill Lynch Investment Adviser Over Crypto Mining Sideline

The agency has fined Kim $5,000 for the infraction and suspended him from association with any FINRA-registered firm for one month.

Proposed Regulations for Qualified Foreign Pension Funds that are Exempt from U.S. Tax on Disposition of U.S. Real Property Interests

The Proposed Regulations also clarify certification and documentation requirements with respect to withholding obligations under Sections 1445 and 1446.

Legal, Regulation & Compliance