Managers of Wealth Americas

State Regulators Fear SEC Crypto Proposals Put 'Thumb On The Scale'

In a comment letter, state regulators urged the SEC to withdraw its new crypto-related proposed rule.

Ex-MML Associate Pleads Guilty To $3.8M Fraud

Trevor Uhls faces up to 20 years in prison for the scheme that targeted at least 60 investors, while an attorney representing investors claims MML Investors Services missed “red flags.”

Bank of America hit with $1.2 billion penalty over money laundering failures

The OCC penalty will be credited against FinCEN's assessment rather than added to it.

Wealth Enhancement Sues Ex-Advisor Who Left for RFG

Wealth Enhancement filed the suit against Christopher Porpiglia in Minnesota state court last week.

American Express hit with $350m AML penalty

Some of this activity was linked to accounts connected with bank insiders, although the regulator did not name those individuals or describe their positions.

Cayman reinsurers challenge proposed US capital requirement

It also calls for a separate change to recoverability requirements for reinsurers with lower financial strength ratings.

US Fed to revamp bank supervision framework into five regions

The new regions will be aligned with state boundaries rather than Federal Reserve district boundaries.

SEC publishes new crypto custody rules

The proposal was launched by SEC chairman Paul Atkins who noted that the crypto asset market has evolved since the creation of bitcoin in 2008

US banks invited to join Apple Pay class lawsuit

Apple has changed its policies since the lawsuit was filed.

QIA and J.P. Morgan Asset Management Announce $20 Billion Strategic Partnership

The strategic partnership will include two initial areas of collaboration

Brazil central bank delivers fifth straight rate cut, leaves next move open

The decision came on the same day that the U.S. Federal Reserve raised its benchmark interest rate to the 3.75%-4.00% range and flagged further increases in coming months.

Senate Blocks Landmark Crypto Regulation Bill

Democrats citing continued concerns over ethics provisions meant to address President Donald Trump’s crypto business interests.

Pension Reforms Key to Deeper Capital Markets

The bottom line is that pension depth and market depth often move together, and most of Europe has plenty of work to do.

Washington State Considers RIA Insurance Mandate

An organization of investors' attorneys supports the regulation, arguing it could address the continued issue of unpaid arbitration awards.

SEC proposes Regulation Crypto Assets

The new rules will allow offerings of up to $5 million during a four-year period, and offerings of $75 million during a 12-month period. Issuers would be subject to reporting and disclosure requirements.

Crain’s New York Business Names Sheppard New York Attorneys to 2026 “Notable Leaders in Accounting, Consulting and Law”

Crain’s New York Business

The Supreme Court Quietly Killed SEC Independence

It is unrealistic to think that the SEC can be unaffected by a fundamental transformation in how the federal government operates.

Young HNW clients are choosing experiences over assets — can advisors keep up?

Millennial and Gen Z investors are redefining wealth through travel, dining, and flexibility — and that's forcing advisors to rethink how they plan

Brad Rude & Cameron Edmiston: Wells Fargo Advisors Face $10mm Complaint

The pending complaint alleges damages of $10 million.

Capital One says it closed over 300 Trump Organization accounts after anti-money laundering probe

Capital One first notified the Trump Organization of its intention to close more than 300 affiliated bank accounts in March 2021

Legal, Regulation & Compliance