Managers of Wealth Americas

Finra Bars Broker for Impersonating Clients

Cochran and his father also saved their clients’ login credentials and traded based on verbal discretion alone, according to the publication.

Morgan Stanley and Beverly Hills Broker Sued over Sexual Harassment

“Ladge’s real purpose in hiring Alcantara—a beautiful young woman in her mid-twenties at the time—was to try to exploit his power with Alcantara, to subject her to demeaning and harassing behavior, to use her beauty to attract clie

UBS to pay $230m fine for toxic securities sale in New York

UBS was accused of selling RMBS to investors based on inaccurate statements, and failing to adhere to underwriting guidelines or applicable laws in this regard.

UBS Settles New York Probe

Additional resources will be dedicated to helping communities transform their code enforcement systems and invest in land banks.

Legal battles loom between broker-dealers and departing advisers

As big names leave the industry’s adviser pact, lawsuits follow

Morningstar and Prudential Win RICO Suit Dismissal

The unsuccessful challenge was viewed as somewhat unique amid the glut of retirement industry litigation because it cited the Racketeer Influenced and Corrupt Organizations Law of 1970, known as RICO.

Under Advisement: SEC Scrutinizes Wealth Management Industry

The SEC has also made a series of announcements aimed at addressing misconduct by investment professionals in their dealings with retail investors.

UBS ordered to pay $204,000 in Puerto Rican bond claim

Finra panel says firm was liable for breach of contract and unsuitability

Wells Fargo Denies FBI Reviewed Wealth Unit

Questioning was conducted by company-hired lawyers, not the FBI, an exec says, but nonetheless ‘clients are commenting on this,’ says Danny Sarch.

Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties

The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.

SEC awards Merrill Lynch whistleblowers a record $83 million

$83 Million Awarded to Group That Blew the Whistle on Merrill Lynch

Akin Gump Involved in Korean Corruption Scandal Implicating Former President Lee

Longtime client Samsung is alleged to have paid the U.S. firm $3.7 million in legal fees on behalf of another company in exchange for a presidential pardon for group chairman Lee Kun-hee.

Broker Charged With Repeatedly Putting Customer Assets At Risk

It requires broker-dealers to maintain physical possession or control of customers’ fully paid and excess margin securities.

G20 urged to adopt common regulations for cryptocurrencies

It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.

Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution

The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.

Fed eyes lift in pace of rate rises at Jay Powell’s first meeting

Analysts expect bullish statement amid hints of four increases in 2018

New York fund manager pleads guilty to Ponzi scheme charges

In fact, they said, he lost or spent all but about $27,000 of the $21.8 million he told investors the fund had.

Financial crisis rules for banks eased by US Senate

Supporters of the 2010 act say it has made the financial system safer - forcing large financial institutions to hold more money to use in the event of a financial shock, increasing protections for consumers, and improving stress tests.

Credit Suisse Sued by Investor Over Volatility Note That Crashed

Chahal’s complaint seeks class-action status on behalf of other buyers.

Former Equifax Executive Charged With Insider Trading

According to the SEC’s complaint, Jun Ying, who was next in line to be the company’s global CIO

Legal, Regulation & Compliance