Managers of Wealth Americas

Fed Should Continue to Deliver

Sterling seems to be discounting that surely there has to be some political resolution.

SEC’s Investment Management Division posts FAQ clarifying compensation-related disclosure obligations of investment advisers

The adviser should disclose conflicts that result in it or any of its affiliates, supervised persons, or associated persons receiving compensation, directly or indirectly, in connection with the securities it recommends.

Four Steps to Successful CAT Onboarding and Certification

Tips to help your firm get certified and ready for production in April 2020

Finra Fines BNP Paribas $15 Million Over Money-Laundering

This matter arose out of firm examinations conducted by FINRA’s Department of Member Supervision and referred to Enforcement.

Swedbank Says It’s Being Investigated by ECB, U.S. Authorities

It’s now being investigated in Sweden, Estonia and the U.S. amid allegations it may have handled over $100 billion in potentially suspicious transactions, mostly from the former Soviet Union.

Brazil pensions: Victory for Jair Bolsonaro as reform passes

The main change is the creation of a retirement age - 65 for men and 62 for women.

US Poised To Crack Down On Anonymous Shell Companies

The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.

Guernsey funds consultancy launches US joint venture

Christopher Jehan, Managing Director of Midshore Guernsey, said: "Our American joint venture aims to feed more US-sourced work into the island, utilising both our services and those of the local financial services sector.

Swiss file first charges in Brazilian ‘car wash’ corruption probe

Swiss prosecutors said they had submitted the case to the Federal Criminal Court under an accelerated proceeding to conclude a case more quickly, in which an admission of guilt and acceptance of civil claims by the accused was required.

New Hampshire terminates Fisher for $239 million in equities

NEPC consultants said in the memo that Mr. Fisher’s remarks were “sufficiently inconsistent with NEPC’s values to warrant a due diligence response.”

Tougher Money-Laundering Laws Get Backing of Wall Street Lobby

Banks would share responsibility to report clients’ misdeeds

Mississippi PERS puts Fisher Investments on watchlist

"As fiduciaries, we must always act in the best interest of the system and our members," Mr. Higgins said.

House Passes Beneficial Ownership Disclosure Bill (2)

Banks could also pull customer information from the database with customer consent—an ability they expect will help their efforts to comply with federal regulations.

Northern Trust continues to look east with Philadelphia expansion

The new wealth-management office is Chicago-based Northern's first since 2011 when it opened in the nation's capital.

London-based bankers charged with insider trading

Two new indictments come days after similar accusation against a Goldman Sachs banker

The Race to Regulation

This statement, while made to one regulatory body, in relation to one blockchain project, carries much wider, international resonance.

Canada's Competition Bureau is Keeping an Eye on Small M&A Deals

The Bureau’s moves come after the M&A market has enjoyed relatively high activity in the past two years.

Goldman Sachs banker charged with insider trading

Bryan Cohen accused of tipping off trader about bids involving Syngenta and Arby’s

Highland Capital Management files for Chapter 11 bankruptcy: court filing

In April, Highland had said it did not have enough cash on hand if it was asked to pay the investors eventually.

Austin Investment Adviser Revoked for Fraud

In April, Highland had said it did not have enough cash on hand if it was asked to pay the investors eventually.

Legal, Regulation & Compliance