Managers of Wealth Americas

Merrill Pays $3M To Settle FINRA Claims Of Poor Trading Surveillance

However, according to FINRA, the third-party automated parameters were too narrow to catch wrongdoing.

Raymond James Facing Two Lawsuits Over Cash Sweep Program

The suit alleges that Raymond James’ cash sweep program offered “unreasonably low interest rates”

X braces for shutdown in Brazil as Elon Musk's spat with judge intensifies

The two firms are part of Musk's sprawling business empire

NY regulator fines Nordea $35M over AML failures

The fine will have “no material impact” on Nordea’s financial position, the bank said.

Chambers Latin America Recognizes 27 Holland & Knight Attorneys in 2025 Guide

Chambers Latin America covers a total of 19 jurisdictions

DLA Piper lawyers and practices ranked in Chambers Latin America 2025

The annual rankings are based on extensive research by Chambers & Partners Publishing.

TD has first loss in decades after hit from U.S. laundering probe

The results come a day after Toronto-Dominion said it anticipates paying a total of more than US$3 billion in penalties related to U.S. compliance lapses.

Asset managers and rating agencies brace for next round of SEC texting fines

Regulator’s sprawling probe has already raked in more than $2bn in penalties

Bank of America tells junior execs to blow the whistle on managers who overwork them

BofA currently has rules in place that limit junior employees to 100-hour workweeks

Wall Street firms to pay over $470 million to settle with US regulators over texting

RBC said it would continue to enhance its compliance protocols.

Finra Fines Fired Merrill FA over Crypto Side Gig

John Rollin Revelle also used Merrill's letterhead to falsely verify assets of an individual who was not a client of the wirehouse, Finra alleged.

SEC investigating Wall Street banks over ‘billions’ in lost interest payments

Lenders face scrutiny over ‘sweeping’ idle client cash into other investments and pocketing the difference

JPMorgan ponders legal action over Zelle probe

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau over an ongoing probe into the abuse of Zelle payments by scammers.

Regulator says it is not a regulated entity and investors should beware

It is recommended that investors should not deal or engage with firms that are not registered as there is no assurance of any investor protections.

Proskauer Named Top Law Firm in Chambers 2024 High Net Worth Rankings

Chambers also recognized five other lawyers from the Private Client Services group as leaders in their fields.

US bank regulator looks to tighten control of asset managers' bank stakes

It is highly inappropriate for the FDIC to abdicate the responsibility Congress entrusted to us to safeguard the ownership and control of the banks we supervise

US regulators seek to limit asset managers’ sway over big banks

Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders

IQ-EQ receives five nominations in the HFM U.S. Services Awards 2024

The winners will be announced in New York on September 12.

Chambers HNW 2024 Recognizes Womble Partners in Private Wealth, Art & Cultural Property Law

Published by Chambers & Partners, HNW covers private wealth management work and related specialisms in jurisdictions worldwide, featuring editorial about the leading professional advisers to wealthy individuals and families in each market.

Kirkland Advises KKR on Acquisition of Janney Montgomery Scott

The Kirkland team was led by corporate partners Jennifer Perkins and Colin Zelicof

Legal, Regulation & Compliance