Managers of Wealth Americas

SEC, MSRB, FINRA to Hold Hybrid Compliance Outreach Program

The program will provide municipal market participants an opportunity to hear from SEC, MSRB and FINRA staff on timely regulatory and compliance matters for municipal advisors and dealers.

Bedrock Wall Street Rules Threatened by Supreme Court Ruling

Losing deference from the courts cripples the ability of the SEC to oversee the rapidly changing markets

JPMorgan Seeks to Restrain Bank Broker Who Joined Raymond James in Texas

JPMorgan has frequently pursued bank-based brokers who leave for competitors and was criticized in 2022 by a broker who told the court the bank had a “long history of harassing” defectors.

Kaplan Martin, a Boutique Litigation and Advisory Firm Announces Its Launch

Roberta Kaplan, Steven M. Cohen, Mitra Hormozi and Timothy Martin Join Forces to Launch a Premier Civil Litigation and Strategic Advisory Firm

Finra Bars Former RayJay FAs Accused of Selling Away

Advisors Thomas Reyes and Bryan Noonan had been discharged by Raymond James for putting clients in unapproved investments.

Citi's 'living will' flaws manageable but distracting, J.P.Morgan says

Citi has said the lawsuit is "without merit" and vowed to "vigorously defend against it".

US regulators find flaws with major banks’ bankruptcy plans; EU sanctions hit Russian LNG and financial institutions

The regulators said that all four banks must address these issues by July 1 2025

Ontario tribunal rules against Arbitrade Bermuda

Arbitrade infamously promised six years ago to create hundreds of Bermuda jobs in setting up its global headquarters here.

Emerging markets in 'wait for Fed' mode as US central bank scales back interest rate cuts

A delayed Fed complicates the outlook for other economies around the world

US regulators at odds over whether to issue new draft of bank capital hikes

A reproposal that includes significant changes can add months to an already lengthy and complex process.

Orion Calls Employees Back to Office With Hybrid Schedules, Earned Flexibility

Relying on unnamed sources, both reported that employees were unhappy with what they perceived as a demand to return to the office

BMA licenses Puerto Rico Parametric Re

Of the 28 new companies licensed so far this year, four are intermediaries, five are Class E life re/insurers

Wells Fargo remote workers fired for feigning to be at work

The remote workers were apparently using mouse jigglers to move a computer’s cursor

Judge paves way to end JPMorgan-Viva Wallet valuation dispute

Under the terms of the bank's investment in Viva, Werealize.com loses the right to reject a JPMorgan takeover offer if the fintech is valued below €5 billion in June 2025.

Bathroom breaks banned by Archegos boss accused of fraud, who reportedly ‘yelled’ at staff for leaving while key stocks were moving

Hwang’s diktat of a toilet ban during important transactions apparently also applied when traders were in their own homes.

Legal, Regulation & Compliance