Managers of Wealth Americas

The evolution and regulations of cryptocurrencies

Although the U.S. government has been slow to respond to this incoherence, recent steps have been taken to understand these new markets

NY finds $1 billion in hidden transfers by Sackler family

Spokesman for Mortimer D.A. Sackler says disclosure by attorney general meant to ‘torpedo a mutually beneficial settlement’ over Purdue Pharma’s alleged pushing of painkillers

New IRS Procedure Provides Favorable Path for Non-Compliant Expatriates to Become Tax Compliant

This procedure, while limited in application, is an extremely favorable way for non-compliant U.S. citizen expatriates to come into compliance

Tullet Prebon to pay USD13m CFTC penalty for supervisory failures and false statements

The CFTC is devoted to ensuring price transparency and competition in all markets, whether electronically traded futures contracts or voice-brokered swaps,” said CFTC Director of Enforcement James McDonald.

Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe

Investors including Pennsylvania Treasurer Joe Torsella accused several of the world's largest banks of exploiting their market dominance to overcharge for Fannie Mae and Freddie Mac bonds from Jan. 1, 2009 to Jan. 1, 2016, and secure more profit for

The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct

Mithril Capital raised over $1 billion on the name of Thiel, one of Silicon Valley’s biggest celebrities. Now federal investigators are looking under the hood.

Man Attacks Wall Street Charging Bull With Spiked Banjo

The vandal, a 42-year-old truck driver from Dallas, left the bull with a six-inch gash and several other deep scratches.

Judge Rakoff Rules That "Silver Platter" Statement Inadmissible In Insider Trading Case

Cunniffe's trades were picked up as "suspicious" but the SEC and soon the FBI got involved.

Whistleblower says bank has blood on its hands

RAF veteran claims Standard Chartered helped Iran terrorists

U.S. congressional probe finds possible lapses in Deutsche Bank controls - sources

The House of Representatives Financial Services Committee declined to comment.

Galleon’s Rajaratnam Free From Prison After Almost Eight Years

Rajaratnam, 62, is a beneficiary of the 2018 First Step Act, which allows some federal inmates who are over 60 years old, or who face terminal illnesses, to serve the end of their sentences at home.

American expats launch residency-based taxation legislation campaign

The US tax system deems anyone with a connection to the States is a taxpayer even if they only lived in the country for a short time as a child.

US fraudster who used Cayman company sentenced to 262 months

Thomas purported to be a successful Harvard-educated investment adviser for Cayman-incorporated Marbury Advisors.

SEC charges investment adviser with defrauding injured NFL players

Howard and Reinhard used a significant portion of investor money to line their own pockets

SEC provides guidance on investment advisers’ proxy voting responsibilities and proxy voting advice

Notably, the Releases were approved without undergoing a notice and comment period or economic cost-benefit analysis,

US expats may see accounts frozen under Fatca

If they don’t give their tax identification number to the IRS by December

Hedge Fund CEO Arrested in Alleged $105 Million Fraud

Charges against Brenda Smith could bring maximum of 100 years in prison.

The Largest SEC Whistleblower Awards (2012-2019)

Since its inception, the SEC’s whistleblower program has led to over $2 billion in monetary sanctions against wrongdoers.

U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah

Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities.

Boaz Weinstein fund spars with BlackRock and Neuberger Berman

Saba is embroiled in fights over closed-end fund boards with asset managers and law firm Skadden

Legal, Regulation & Compliance