Managers of Wealth Americas

European investors target lavish executive pay in US

Tougher stance taken by EU funds on S&P 500 remuneration awards than American peers

Platinum Partners founder gets new trial, former executive acquitted

Nordlicht’s motion for acquittal was denied, but a new trial was approved as prosecutors did not provide enough evidence to sustain the conviction.

US 'ill-judged' to push against the tide - Fidelity's Paras Anand

This implies that there is a conflict between pursuing both financial returns and sustainability.

Barclays Agrees to Pay $6.3 Million in Asian Hiring Case

Barclays violated the Foreign Corrupt Practices Act by using employment at the bank to influence deal making, and failed to maintain a system of internal controls around hiring, the SEC said.

Banco do Brasil managers targeted in $48 million money laundering probe

The bank’s shares opened down 1% on news of the probe, but recovered quickly to advance 0.7%.

Two BMO Advisory Firms Pay Over $37 Million to Harmed Clients for Failing to Disclose Conflicts of Interest

The SEC’s order finds that BMO Harris and BMO Asset Mgmt willfully violated Sections 206(2) and 206(4) of the Investment Advisers Act of 1940

SEC targets binary options marketer who caused 25,000 investors to make deposits with unregistered firms

The misleading websites and videos were viewed by more than 350,000 persons and caused more than 25,000 investors to make deposits for trading binary options with one of approximately 35 unregistered brokers.

House passes bill to give cannabis businesses access to banking

Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good sign.

PwC to Pay $8 Million to Settle SEC Charges Over Auditor Independence and Improper Conduct

The allegations of improper conduct were in connection to a total of 19 engagements with 15 unidentified companies over a three-year period ending in 2016.

The Wayfair case: the US Supreme Court’s decision and its impact on UK firms

For sales tax purposes, taxable transactions include both business-to-business and business-to-consumer transactions

The PNC Financial Services Group And M Financial Group Announce New Strategic Relationship

Through this strategic relationship, M Financial will offer differentiated insurance products and support to PNC's clients through a team that is dedicated to PNC.

Europe, the U.S. … or the Cayman Islands? Tackling the World’s Fund Barriers By Selma Lee Arch

Both of these bills were among those passed by the Cayman Islands Legislative Assembly on July 26, 2019.

Mexico and UK form alliance to tackle corruption and impunity

Baroness Susan Williams, UK’s Minister of State and Minister of Equalities, introduced the Anti-Corruption and Rule of Law UK and Mexico Prosperity Fund and said it was designed as a “powerful mechanism to maximize our shared prosperity and su

Proposed Changes to Foreign Affiliate Dumping Rules: Individuals, Trusts and Estates May Now Be Caught

With respect to trusts and estates in particular, under the proposed FAD rules a trust or estate is assumed to be a corporation with a capital stock of 100 common shares

Nissan, ex-CEO Ghosn charged in US with hiding $140 mn from investors

But Ghosn, his former right-hand man Kelly, and Nissan neither admitted nor denied the SEC's allegations.

Ex-Wall Street banker Sean Stewart guilty in second insider trading trial

They said the tips yielded $1.16 million of profit for Robert Stewart and his friend Richard Cunniffe, to whom he had forwarded some of them.

UBS, Banco do Brasil to create investment banking venture in South America

The partnership is expected to provide its clients with comprehensive solutions and would provide additional benefits for its stakeholders.

Banks worth $47 trillion adopt new U.N.-backed climate principles

Under pressure from investors, regulators and climate activists, some big banks have acknowledged the role lenders will need to play in a rapid transition to a low-carbon economy.

Why Venezuelan money is no longer welcome in Switzerland

Méndez has also contacted other banks, including PostFinance, but none would open an account for him.

Saudi oil struck, Fed cuts rates and China slows

The global economy is chugging along, but the picture from the US is mixed and China continues to slow down, meaning that investors need to think very carefully about how they position portfolios.

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