Managers of Wealth Americas

Former Banco De Costa Rica President Arrested

The raids began at 6 am and concluded at 4 pm.

Malta wealth managers named in Venezuelan graft probe

MaltaToday has learnt that Portmann Capital Management Limited is the Maltese investment firm that is referred to in the Homeland Security Investigations criminal complaint filed in the courts of Miami

New Mexico AG sues Wells Fargo over unauthorized accounts

Affected customers say they incurred fees and charges as a result of their unauthorized account.

SFC circular warning asset managers on margin financing activities disguised as investments: wider market implications

Exclusions to the definition of securities margin financing may be available to Type 1 arrangers or dealers where the statutory provisions to the relevant exclusions are satisfied.

Morgan Stanley Age Discrimination Lawsuit Poses Questions For All 40+ Employees

A Morgan Stanley spokesperson says about the litigation: “We intend to defend ourselves vigorously.”

Loeb & Loeb Opens San Francisco Office

Firm’s Nationally Recognized Private Client Team Expands California Presence

SEC charges Ameriprise over insider theft

Without admitting or denying the findings, Ameriprise agreed to be censured and pay a penalty of $4.5 million.

SEC bars perpertartor of ICO fraud

The SEC’s order finds that the defendants’ promotional materials used inflated projections of oil production that were contradicted by the company’s own internal analysis

Ex-Morgan Stanley FA Scores $140K Win Against Wirehouse

A Morgan Stanley spokeswoman tells the website the firm is pleased with the dismissal of the claim but still believes it’s not obliged to cover Johnson’s legal fees.

Ex-UBS broker pens 11-page confession of $4M fraud: SEC

Between 2008 and 2018, MacColl instructed investors to sell or take a line of credit out against the securities in their accounts and to deposit the money into their personal bank accounts, according to the complaint.

SEC Charges U.S. Congressman and Others With Insider Trading

The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, charges Christopher Collins, Cameron Collins, and Stephen Zarsky

Goldman Trader Claims Kafkaesque Firing Over `Notorious' Client

Goldman Sachs denies any wrongdoing and says it’ll fight the lawsuit, which was filed Thursday in Manhattan federal court.

Collas Crill Acts For Extell Development On Landmark New York City Property Deal

Collas Crill is known as one of the leading offshore legal advisers on US real estate transactions

Wells Fargo Beats Class Action Alleging Self-Dealing and Favoring its Own Funds

Meiners had argued the company should have put employee savings into a Vanguard fund instead, according to Law360.com.

Manafort ex-business partner Rick Gates testifies they committed crimes together

The witness, who is cooperating with prosecutors, claimed he assisted Paul Manafort in filing false tax returns

Former Barbados Government Minister Indicted in US for Money Laundering

The charges stem from his acceptance of bribes from a Barbadian insurance company in 2015 and 2016 when he was a public official.

Saudi Arabia’s Spat With Canada Risks Backlash From Investors

Diplomatic dispute will also affect Saudi students currently in Canada

Six global banks should face terror-funding claims by U.S. military vets - judge

Judge Pollak’s recommendation in Freeman v. HSBC must still be reviewed by the trial court overseeing the four-year-old case, presided over by U.S. District Judge Dora Irizarry.

Pimco and BlackRock accused of subprime ‘profit gouging’

Founder of mortgage servicer Ocwen accuses asset managers of accelerating foreclosures

NFA Proposes Interpretive Notice Mandating New Virtual Currency Disclosures

NFA recognizes that the requirements contained in the interpretive notice may need to evolve over time

Legal, Regulation & Compliance