Managers of Wealth Americas

Fed proposes new regulatory regime for foreign banks

The proposed changes, which are subject to industry feedback, would relax the capital and stress testing requirements for the subsidiaries of foreign banks.

Assante Private Client reduces management fees as part of new flexible pricing model

Additional changes allow for more flexible and tax-efficient use of distributions in non-registered accounts.

BNY Mellon and BlackRock announce partnership

BlackRock’s chief operating officer and head of solutions Rob Goldstein said he was pleased to help clients more closely couple data and further optimise their operating models.

Lyft reportedly threatens to sue Morgan Stanley, accuses the bank of supporting short-selling

A lock-up agreement is a legally binding contract issued by the underwriters of an IPO that prohibits people close to the company, including executive and employees, from selling shares for a period of time, typically ahead of a stock's debut.

Baird Says Majority of Hilliard Lyons’ Advisors Agreed to Join Baird Following Merger

The deal brings over $50 billion in assets to Baird, whose roughly 900 advisors managed more than $208 billion as of the end of 2018, according to the paper.

BNY Mellon and BlackRock sign alliance to create front-to-back office data service

BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.

UBS Works on Employee Overpayment Errors

UBS is likely to address its approach to the resolution, including whether it will attempt to recoup money from brokers or other employees, in upcoming meetings, the internal source said.

Socialism inevitably produces stagnation, corruption and often worse: Chase CEO Jamie Dimon

JP Morgan Chase CEO Jamie Dimon published his annual letter to shareholders on Thursday, and with it warned of a looming economic slowdown

Maine Resident Charged With Defrauding Over 100-Investors

The SEC’s complaint alleges that Wall and Lighthouse violated the antifraud provisions of Section 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) the Securities Exchange Act of 1934 and Rule 10b-5 thereunder

Outlook for 2019: cross-border M&A and post-merger integration

Unfeasible expectations can dampen or even derail the transaction.

StanChart extends U.S. deferred prosecution agreement by 10 days

“This brief extension will allow additional time to resolve the outstanding investigation into our historical U.S. sanctions compliance,” a StanChart spokeswoman said.

US, European alts firms added to Chilean AFP list

Portfolio Advisors partner Brian Murphy, who has been leading the charge to develop the firm's presence in Latin America, said the company has increased its focus on Chilean pension funds following regulatory changes that gave the AFPs more access to

SEC amends rules to update and simplify disclosure requirements

The amendments, some of which are technical in nature, touch a variety of disclosure requirements impacting registration statements and current and periodic reports.

Dubai Chamber opens representative office in Argentina

Announcement comes ahead of 3rd Global Business Forum Latin America and follows office openings in Panama and Brazil

Why Aren’t Hedge Funds Required to Fight Money Laundering?

The push to regulate hedge funds and similar investment firms took off after the Sept. 11 attacks, when Congress passed the Patriot Act.

FCA and SEC sign updated supervisory cooperation arrangements

These MOUs will come into force on the date EU legislation ceases to have direct effect in the United Kingdom.

UK’s top fraud prosecutor backs U.S.-style plea bargaining deals

Retailer Tesco and aero-engines group Rolls-Royce agreed DPAs with the SFO in 2017

Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls

The accreditations are objective proof of our strong control environment.

CRA executes search warrants on Vancouver properties in tax evasion case

'The net is tightening,' says National Revenue Minister Diane Lebouthillier

Better surveillance needed to beat spoofing, argues regtech exec

“An obvious spoofing case is communications asking to buy, but the trader first introduces orders to sell – in order to manipulate the market – then to buy, before then removing the sell order and letting the buy being executed at a lowe

Legal, Regulation & Compliance