Managers of Wealth Americas

A&O Shearman advises Andera Partners on strategic partnership with New York Life Investments and Candriam

The transaction remains subject to customary consultation with the relevant employee representative bodies and regulatory approvals.

10 ways the U.S. Treasury central clearing rule impacts technology

By future proofing their technology platforms, financial services firms can turn a compliance mandate into a competitive advantage.

Keycorp and Scotiabank Receive Regulatory Approval to Complete Strategic Minority Investment

The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank

Synapse partner banks hit with lawsuit over fund mismanagement

The four banks – Evolve, AMG National Trust, American Bank and Lineage – were sued Friday, after thousands of consumers were left without access to their funds post-Synapse collapse.

Former Chief Investment Officer Of Global Bond Investment Firm Charged With Over $600 Million Investment Adviser Fraud

Ken Leech, Former Chief Investment Officer of Western Asset Management, Charged With Fraudulent Scheme to Favor Certain Clients at the Expense of Others

US insurers to benefit from Nearmap peril models following approval in 27 jurisdictions

The models were completed in collaboration with Milliman Appleseed

Northstar Financial boss pleads guilty to money laundering

Lindberg bought Bermuda-based Northstar Financial Services in 2018. A year later, Lindberg was accused of wire fraud in the US.

Archegos' Bill Hwang to be sentenced for massive US fraud

Collapse of Hwang's fund cost banks $10 billion

FinCEN warns banks about deepfake threat

Crooks are not just using deepfakes to circumvent ID authentication

CFTC Regulation 4.7 update: What you need to know

The amendment to Regulation 4.7 is a long-anticipated milestone that increases the financial thresholds for QEP eligibility

Invesco Advisers hit with $17.5m SEC fine for misleading ESG claims

SEC claims that Invesco misled clients about portion of company-wide AUM incorporating ESG factors in investment decisions.

U.S. Compliance Acquires Hellman & Associates, Inc.

Creator of Compliance as a Service (CaaS) expands its presence in the Colorado market

S&C Advises Royal Bank of Canada on SEC-Registered Offering of $1 Billion of Limited Recourse Capital Notes

With total assets of C$2 trillion, RBC is the largest Canadian company by market capitalization and serves more than 18 million clients worldwide.

CFPB charges Navy Federal Credit Union $95 million for overdraft and junk fees

Navy Federal would also charge overdraft fees

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

Trump was a frequent critic of Powell and the Fed during his first term

CS espionage legacy keeps UBS lawyers busy

This sentence alone makes it clear what a confusing legal legacy the UBS lawyers have to deal with.

After TD Bank’s Record Fine, What Comes Next?

Instead of Heads Rolling, We Need Heads Reflecting on Reparative Action

FINRA Orders RBC To Pay $9.7M In Age Discrimination Case

Cinda Collins alleged her former employer discriminated against her by terminating her after 30+ years because she was nearing retirement.

SEC charges JP Morgan affiliates $151 million

JP Morgan’s conduct across multiple business lines violated various laws designed to protect investors from the risks of self-dealing and conflicts of interest.

FinCEN adopts AML program requirements for SEC RIAs and ERAs

The rule applies to most SEC RIAs and SEC ERAs, with a few exceptions.

Legal, Regulation & Compliance