Managers of Wealth Americas

IRS Summons for Law Firm Client Data Is Enforceable

The IRS had previously examined an unidentified client of the Lohmeyer Law Firm, who admitted to failing to report $5 million in income in an undeclared offshore account.

Sell Treasuries on Bet Market Wrong About Fed, Aberdeen Says

Aberdeen’s conviction comes even as Treasury 10-year yields have dropped to the lowest since 2017 and a key part of the yield curve has inverted, signaling the U.S. may be headed for a recession.

SEC gives green light to active, non-transparent ETF

The Precidian structure, branded ActiveShares, would provide disclosure only to a broker acting as an "authorized participant representative" that either buys or liquidates the portfolio basket in exchange for cash.

Asked to resign, Florida’s top banking regulator claims corruption

The accusations and counterclaims are part of an increasingly bizarre situation in the sunshine state concerning its bank regulatory office.

SEC Awards $4.5 Million to Whistleblower

This information prompted the company to review the whistleblower’s allegations of misconduct and led the company to report the allegations to the SEC and the other agency.

Regulatory requirements impeding access to ‘liquid alts’ for many investors

Canadians need to protect their portfolios and traditional mutual funds are long only

Volery Capital Partners and Ares Management Corporation Announce Strategic Partnership

Capital allocations to both sustainable and impact investments are growing globally

The long reach of US law

But the ambit of overseas US law enforcement goes beyond terror, drugs and strongmen.

Overseas investors in shuttered Vegas casino demand refunds

The nine-story, 200-room casino-hotel just off the Strip was the first hotel-casino built from the ground up in Las Vegas since the recession.

JPMorgan shareholders approve bank's executive pay with protest

The votes were taken at the bank’s annual shareholder meeting at its offices in Chicago

Goldman's Longshot Pick to Challenge Brazil's Banks Takes Off

Bank hopes to fuel the startup's expansion in Latin America

How Latin American trade with UAE will be enabled by Panama

Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America

Lawyers Warned Not to Help Break Law in Wake of Tax Scandals

The OECD said the report “shone a spotlight” on lawyers’ role.

Harvard-Affiliated Hedge Fund to Shut Down

Harvard’s assets in the fund declined by $11.5 million over the course of the fiscal year.

ISDA consultations on benchmark fallbacks

The first consultation sets out options for adjustments that will apply to the relevant risk-free rates

US investor urges First Group to split and pull out of 'destructive' UK rail network

In the UK, it runs three UK rail franchises – Great Western Railway, South Western Railway and TransPennine Express – and is bidding for the West Coast Partnership franchise, which is due to be awarded in the summer.

Intel, Qualcomm, and other US tech firms reportedly cut off critical software to Huawei after Trump's blacklist

The US has heightened concerns in recent months that Huawei technology could pose a security risk and may be used as a backdoor for Chinese government espionage.

Harvard-Linked Cambridge Square Hedge Fund Set to Shut Down

Cambridge Square lost about 2.5% before fees in its first year of trading in 2017 and was up about 2% last year, the person said.

Ogier advises on US$350 million biopharmaceutical merger

The merger transaction was essentially an all share deal, with Xynomic's shareholders receiving shares in Bison equivalent to a closing consideration value of approximately US$ 350 million subject to certain adjustments for debt, cash and working cap

Optimum Financial Group expands its asset management activities in the US

“This expansion presents a growth opportunity in asset management that will thereby enable us to offer complementary services to our American clients.”

Legal, Regulation & Compliance