Managers of Wealth Americas

$18m Isle of Man tax fraud exposed in the US

If proven, the allegations could lead to 20 years in prison

A Continuing Trend: Lawyers Ditching Big Law for Small Firm Freedom

Litigators from Cooley and Jackson Lewis have left each firm to branch out on their own.

LPL Accused of Race and Sex-Based Discrimination in Lawsuit

Last month LPL, which did not provide a response to an inquiry for this story, filed an answer to Beaufort’s complaint.

Colorado Division Of Banking Releases Guidelines For Crypto Regulation

The direction governs the specific circumstances under which Colorado law will require a crypto exchange to have a money transmission license.

SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze

The SEC appreciates the assistance of the U.S. Attorney's Office for the District of Maryland and the Federal Bureau of Investigation.

Morgan Stanley sues $660M team for soliciting clients via phone, Facebook

The firm’s legal maneuvering mirrors similar court battles it initiated earlier this year against other ex-Morgan Stanley advisors who moved to rival firms.

SEC Indicts Husband and Wife of World Tree Financial for “Cherry-Picking” Scheme

Favored clients allegedly got the winning trades and others got the losers so the firm could profit more.

Merrill Lynch's Commission Ban Reversal: Here's How Advisors See it Playing Out

In its statement announcing the reversal, Merrill Lynch emphasized the flexibility the decision would provide clients.

Ex-UBS FA Sues to Vacate Finra Award

But the broker is arguing that two of the arbitrators violated the industry’s self-regulator’s procedures, AdvisorHub writes, citing a petition to vacate the award filed in the southern district of New York by Miller’s lawyer.

Joint statement: Inaugural meeting of US-UK Financial Regulatory Working Group

This cooperation is especially important given transition in the UK’s regulatory relationships as it withdraws from the European Union.

CADE launches investigation into six Brazilian banks regarding cryptocurrency trading

Brazil’s anti-trust agency has launched an investigation into six of Brazil’s financial institutions as a result of potential illicit trading practices.

How Misplaced Trust in Advisors Contributed to Massive Fraud Against Pro Athletes

Among the factors that increase the chance of an athlete being defrauded is misplaced trust in financial advisors, business managers and family, according to the report.

Investors hope central banks will extend a rescue line to ailing emerging markets

The pressure to hike will be particularly strong for Brazil and SA, both of which have seen their currencies plunge this year

Trade wars step up, more to come

China may bide its time, but we expect they will follow with tariffs on a further $60 billion of imports from the US.

$150B Money Laundering Probe of Danske Bank Implicates Citigroup and Deutsche Bank

Danish and Estonian authorities have been investigating the bank and have shared information with their U.S. counterparts, several European officials familiar with the matter told the news outlet.

U.S SEC. Penalizes Crypto Hedge Fund for Violating Securities Law

Founder Timothy Enneking and his company illegally sold stakes in the hedge fund to U.S. investors.

Seven Tips to Protect Wealthy Families from Cybersecurity Threats

The more money a client has, the bigger the target on their back.

Goldman Names New President, CFO as Blankfein Prepares to Exit

The bank is reshuffling its leadership as Lloyd Blankfein prepares to retire as chairman and CEO at the end of this month.

Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data

The SEC appreciates the assistance of FINRA.

Massachusetts Securities Regulator Cracks Down on Private Placements

GPB sells illiquid, high-risk, high-commission alternative investments through various independent broker/dealers.

Legal, Regulation & Compliance