Managers of Wealth Americas

BTG Founder Esteves Acquitted in Brazil Witness Tampering

In September, prosecutor Ivan Claudio Marx had recommended that the charges be dropped.

JPMorgan Whistleblower Set to Get Largest Payout from CFTC

Alert on conflicts of interest at JPMorgan leads to $30 million award

Orsinger, Nelson, Downing & Anderson Announces Two New Partners

Chris and Holly are exceptional attorneys who have demonstrated their dedication to the success and well-being of our clients

Oaktree Capital Management settles with SEC over pay-to-play charges

An Oaktree Capital spokeswoman declined to comment.

IRS Deems Transfer of Artwork to Museum a Completed Gift

Sometimes, a client’s personal goals can conflict with optimal tax planning and produce disastrous results.

SEC, strapped for funds, can't police financial markets

The mandates facing the SEC are growing and therefore further straining the resources available.

Mexico's Next Finance Chief to Fight Use of Co-ops to Evade Tax

Increasing revenue to finance his spending policies is one of the challenges facing Mexico’s president-in-waiting.

Ninth Circuit Strikes Down California Royalties Law

The California Resale Royalties Act, which went into effect Jan. 1, 1977

Ex-Merrill Lynch FA Says Wirehouse Didn’t Pay Her What It Owed

Arendell is seeking compensatory damages in excess of $50,000, punitive damages, and lawyer fees and costs, according to the publication. Arendell is also seeking a trial by jury, the Record writes.

FINRA Shortens Review Process of Advisors’ Public Records

The regulator will begin conducting reviews within 15 days after a firm applies to register an individual with FINRA, something that was previously done annually.

Ex-Nomura trader must defend bond-case dismissal in higher U.S. court

A federal appeals court in another case tossed out the conviction of another trader, Jesse Litvak — and that prompted Gramins’s judge to follow suit.

Delaware gives ‘critical’ backing to ailing US beneficial owners list

The United States’ most nebulous jurisdiction has backed a bid in Congress to create a beneficial ownership register.

Morgan Stanley Court Ruling Complicates Switching Firms

The ruling only applies to the state of Georgia but it could be used by other courts as well as industry panels for similar cases, Bloomberg writes.

Georgia court ruling could further weaken Broker Protocol protections

While the state-court ruling applies only in Georgia, other courts and industry panels could refer to it in ruling on similar cases.

PwC must pay FDIC $625M for failing to uncover fraud scheme

Colonial, based in Montgomery, Ala., had been among the 25 largest US banks, while Ocala, Fla.-based Taylor Bean was the nation’s 12th-largest mortgage lender.

U.S. fund claims $175 million from South Korea over Samsung units' 2015 merger

Mason Capital filed a notice of intent seeking a resolution through the Investor-State Dispute Settlement mechanism

SEC Charges New York-Based Firm and Supervisors for Failing to Supervise Brokers Who Defrauded Customers

The SEC’s investigation has been conducted by David Oliwenstein, David Stoelting, Roseann Daniello, and Steven G. Rawlings, and supervised by Sanjay Wadhwa.

SEC Charges Morgan Stanley in Connection With Failure to Detect or Prevent Misappropriation of Client Funds

Morgan Stanley previously repaid the four advisory clients in full plus interest.

SEC Proposes New Approval Process for Certain Exchange-Traded Funds

Since 1992, the Commission has issued more than 300 exemptive orders allowing ETFs to operate under the Investment Company Act.

BT Wealth Management named to Accounting Today’s Top 150 Firms

BT Wealth Management was the highest ranked Atlanta firm in the $500 million-plus club.

Legal, Regulation & Compliance