Managers of Wealth Americas

Artex and Arthur J Gallagher accused of selling and managing illegal tax-shelter captives

The plaintiffs were represented by David R. Deary, Ralph Canada, and Jim Flegle of Loewinsohn Flegle Deary Simon .

Investors managing $32 trillion in assets call for action on climate change

"The global shift to clean energy is underway, but much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks," the statement

Edward Jones Settles Lawsuit Against Fired Advisor

The compliance staff members’ actions were “brutal” and “inappropriate

Panama Papers: Four charged in US with fraud and tax evasion

Prosecutors allege Mr Owens and Mr Brauer created and ran sham foundations and shell companies to conceal assets.

Boardroom Diversity Push Gains Steam

SB826 is the newest development in the rising trend of promoting increased gender equality and diversity representation in corporate boardrooms.

Judge Rules For KPMG in Wide Sex Discrimination Suit

KPMG LLP defeated an effort by female employees suing over alleged discrimination to pursue their claims on behalf of a group of about 10,000 others going as far back as 2009.

Ex-BNY Mellon VP Claims He Was Fired Over Panama Bank Probe (2)

He said he was told to look into Global Bank after BNY Mellon learned of reports that a group of Panamanian banks were involved in a money-laundering scheme.

Madoff Victims Will Get Another $695 Million From U.S. Fund (1)

Madoff’s investors lost a total of $19 billion in principal and more than $40 billion in fake profit when his securities firm collapsed in December 2008.

Wells Fargo Sued By Septuagenarian in $660K Elder Abuse Claim

Those withdrawals and wire transfers “each constituted a profound change in her banking pattern,” her lawsuit states.

ICO’s first enforcement action under the GDPR

The significance of this enforcement is threefold.

Ex-UBS Broker Suspended Over Alleged Churning in Client Accounts

In one client’s account, whose net worth was over $5 million and whose investment objective was income and capital appreciation, Fagenson’s trading allegedly resulted in an annualized turnover rate of 16.07 and an annualized cost-to-equity rat

New Mexico Lawmakers Endorse Pension, Health-Benefit Reforms

Public employees across New Mexico would pay more for retirement health benefits under proposed reforms endorsed by a panel of state lawmakers.

Ex-FA Gets Eight-Year Prison Sentence for Multimillion-Dollar Fraud

In addition to the prison sentence, U.S. District Judge Anne Thompson sentenced Newsholme to three years of supervised release, the website writes.

Japan’s MUFG in Ongoing AML Probe by New York Regulators

The switch to a national charter was made for efficiency reasons, according to MUFG.

Bank of America reaches agreement to dismiss federal discrimination lawsuit

Marques, who resides in New Jersey, was granted authorization to work in the U.S. under Deferred Action for Childhood Arrivals

How Policy Changes Kept America's Silver Workforce On The Job

Changes to the Social Security program have made it easier for older Americans to work without incurring financial penalties.

Why Central Bank Digital Currencies Will Destroy Cryptocurrencies

Leading economic policymakers are now considering whether central banks should issue their own digital currencies, to be made available to everyone, rather than just to licensed commercial banks.

Wells Fargo advisors with $1.44B jump to Stifel

The bank has been rocked by a phony accounts scandal and has paid more than $1 billion in fines and penalties to regulators.

SocGen to pay $1.3 billion to settle U.S. sanctions case

“The absence of an effective, global sanctions-compliance infrastructure and lack of management oversight allowed Société Générale employees to ignore the scope and applicability of laws governing economic sanctions, as w

Barclays not liable to buyers of U.S. IPO before 2008 crisis: appeals court

Barclays was accused of concealing 21.6 billion pounds (then about US$42 billion) of mortgage-backed securities and other risky assets insured by monoline insurers, and a March 2008 “directive” by the U.K. Financial Services Authority requirin

Legal, Regulation & Compliance