Managers of Wealth Americas

Considering Kisor's Deference Decision In The Tax Context

Having restated and expanded upon the limitations to Auer deference, the majority opinion relied on principles of stare decisis to support its determination not to overrule Auer.

Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550

This year women make up almost 40% of the newly promoted cohort of 81 partners; a market-leading number for any law firm.

Hedge-Fund Heir Found Guilty of Murdering Father

“But in spite of all his love and generosity, this defendant shot his father at close range in his own apartment in an unconscionable and brutal crime.

Scotiabank announces sale of Puerto Rico and US Virgin Islands operations

Oriental Bank and Scotiabank will work together to help facilitate a smooth transition for the business.

Breaking down the SECURE Act

The SECURE Act will allow participants to either keep the annuity or roll it into an IRA or other qualified plan in the event that the annuity option is removed from the plan’s investment lineup.

State Street to pay $88.8 million to settle SEC charges

As described in the order, State Street's clients agreed to pay the firm back for out-of-pocket custodial expenses that the firm paid on the clients' behalf. Instead of charging clients for the actual amount of the expenses, however, the SEC ord

US SEC and lawyers seek more time in case against ex-DeVere duo

Request for information submitted to Malta’s attorney general by counsels for the defence

Supreme Court to decide if DB participants can sue when plan is not underfunded

When the participants questioned the investments involved, U.S. Bank replaced those amounts, causing the plan to be overfunded.

Chubb Announces New Policy on Coal Underwriting and Investment

"Chubb recognizes the reality of climate change and the substantial impact of human activity on our planet," said Evan G. Greenberg, Chairman and CEO of Chubb.

Credit Suisse is the sole bank tripped up by Fed stress test as rest get approval to boost payouts

The U.S. division of Zurich-based Credit Suisse has to fix problems the Fed found in its capital planning processes by Oct. 27, according to the Federal Reserve.

United States: US and French Authorities reach agreement on creditability of French CSG and CRDS taxes

US taxpayers that are subject to CSG and CRDS taxes should discuss this development with their tax advisors.

Ex-Merrill Lynch FA Suspended Over Alleged Loans from Clients

That complaint has since been settled, but the wirehouse terminated him in July 2017 over allegations that he had “accepted funds from a client without the Firm’s approval,” Finra says.

Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

This is an increase of nearly $7.9 billion from the previous year

US regulators ask Deutsche Bank to clarify its "bad bank" proposal

The overhaul would also include shrinking or shutting equity and rates trading businesses outside of Europe, a source told Reuters.

Joint statement on opportunistic strategies in the credit derivatives markets

These opportunistic strategies raise various issues under securities, derivatives, conduct and antifraud laws, as well as public policy concerns.

Wyoming Updates its Trust Company Legislation, Allows for Two-Family Private Trust Companies

The new legislation governs the requirements and procedures for forming a new public or family trust company in Wyoming after July 1, 2019

It's unanimous: SCOTUS decision on historic tax jurisdiction case announced

While this decision is momentous, this will remain a hot topic.

Dana Incorporated Reduces Pension Liabilities while Fulfilling Benefit Obligations

Transaction enhances Dana's credit profile and further improves balance sheet

Wells Fargo, chaperone to breakaway brokers?

competitors TD Ameritrade, Schwab, Fidelity and Pershing all offer guidance or resources in a firm’s departure process when going indie — Wells' approach is more direct.

SEC Charges Five Asian Traders for Market Manipulation

The SEC alleges that trades involving these five seemingly unrelated individuals from three different countries accounted for 70% of the volume in MDDT over the period in which they traded.

Legal, Regulation & Compliance