Managers of Wealth Americas

L.A. Firm Hires Two Partners From Blank Rome

Litigators Leslie Corwin and Simon Miller Join Leading Business and Entertainment Boutique

FINRA Revamps Its CRD Program

FINRA is overhauling its registration and disclosure programs, advisors aren’t worried about market volatility and how to talk to clients about betting on the World Cup.

New Chubb Whitepaper Summarizes Recently-Implemented EU General Data Protection Regulation; Puts Regulation into Perspective for U.S. Companies

This whitepaper is representative of Chubb's commitment to provide context to a complicated topic and to put this new regulation into perspective for U.S. companies."

Greenberg Traurig has 2 Winners, was Finalist for 21 Other Honors at Euromoney’s ‘Americas Women in Business Law’ Awards

Global law firm Greenberg Traurig, LLP had two winners and was a finalist for 21 other honors at the Euromoney Legal Media Group’s annual “Americans Women in Business Law Awards’ ceremony.

Merrill Lynch ordered to pay $15.7M for cheating customers in mortgage bond trades

SEC orders company to pay up for misleading customers

The Little-Known IRS Agent Who Exposed the Biggest Scandal in Sports

Just in time for the World Cup, a new tell-all traces the criminal underbelly of “the beautiful game.”

Ex-Morgan advisor seeks to nullify $1.2M arbitration loss

“The arbitrators exceeded their authority under the promissory notes and breached the FINRA rules of procedure … when the panel was composed,” according to the petition.

Andersen Global Adds Legal Services in Brazil

The addition gives us full service legal capabilities,” remarked Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz.

US Bank Wells Fargo Bans Crypto Purchases With Its Credit Cards

With this move, Wells Fargo joins a wave of financial institutions banning the purchase of cryptocurrency with their credit cards.

Raymond James joins NEO Connect

Those benefits include more efficient, actively managed mutual funds for investors without having to meet minimum investment requirements or needing to link accounts to reach certain thresholds.

Trump eager to sign bill rolling back banking regulations

“Big legislation will be signed by me shortly,” Trump tweeted.

Wells Fargo plans to lay off 46 employees in Menomonee Falls

Wells Fargo said it would assist the employees in finding open positions within the company as well as provide outplacement services.

A Rose by Any Other Name: SEC Clarifies Cryptocurrency Rules

“We’ve got guys with bags of cash headed for the border” because of unregulated crypto offerings, says SEC Chairman Jay Clayton. “I’m protecting the integrity of the market.”

Wells Ordered to Pay New York Broker Best Practice Bonus

The three-person arbitration panel declined Collins’ request for a more expansive explanation of their decision, which disputants can request for an extra fee.

Fifth Third Bank launches digital advice platform

The platform offers 14 investment portfolios and charges an annual advisory fee of 50 basis points, “a fraction of the cost of traditional investment management fees,” the bank said in its announcement.

US regulators ramp up scrutiny into UK financial services firms

The law firm explained that the data shows that US regulators such as the Commodity Futures Trading Commission and the Securities and Exchange Commission (SEC) are maintaining an aggressive stance against any financial misconduct

Banks Pay Out Some of the Biggest Settlements in Wage Disputes

Walmart has paid the most to settle workers’ pay claims, but financial-service companies occupy half of the top 12 spots

Wells Fargo sues $300M breakaway team over client data issues

A Wells Fargo spokeswoman said the company does not comment on pending legal matters.

SEC fines New York firm deVere US$8 million over UK pension advice conflicts

Investment advisers have an obligation to disclose direct and indirect financial incentives

Former State Street executive faces U.S. fraud trial

McLellan is one four former employees of the Boston-based bank who have since 2016 faced charges by the U.S. Justice Department

Legal, Regulation & Compliance