Managers of Wealth Americas

Wave of Lawsuits Proves Dangerous for Advisors and Their Brands

A typical defense in this type of a dispute is that something like this can be considered a common term," he says.

Wells Fargo Advisors Assures Brokers They Can Keep Growing

Managers also can continue recruiting brokers to the firm.

FINRA Fines Wedbush Securities Inc. $1.5 Million for Customer Protection, Net Capital Rule Violations and Related Failures

In settling this matter, Wedbush neither admitted nor denied the charges, but consented to the entry of FINRA's findings.

Former Morgan Stanley Advisors Charged with Bilking Clients

Two former Morgan Stanley advisors plead guilty to fraud, the pitfalls of robos using ETFs, and a man dies shortly after winning the lottery.

‘Accidental Americans’ putting Asia’s wealth transfer at risk

Accidental Americans face ruin if their estates are not properly structured, a lawyer has warned.

Ariel Investments loses round in trademark fight with small Florida firm

Bray fought back in court, but a U.S. District Court judge in Chicago last spring ordered Ariel Capital to change its name

Moven to receive funding from SoftBank, plans to buy bank

On one side will be the software provider that already develops digital banking software for TD Bank in Canada and Westpac in New Zealand.

Connecticut Resident Sentenced to Prison for Concealing Assets in Swiss Accounts

Failed to Report Foreign Financial Accounts with Value Exceeding $28 Million

Jefferies inks strategic alliance with BOC International

As part of Jefferies ongoing effort to meet the ever-changing needs of our global institutional clients, we are very pleased to begin working with BOCI

Why Munis Won't Matter Anymore to Many HNW Clients

The new tax plan is making any perceived value of buying muni bond funds – especially for those living in relatively high-tax states – essentially a dead deal,” he says.

Prudential Facing Some Class Claims in Life Insurance Battle

The lawsuit, first filed in 2010 by the children of a deceased JPMorgan employee, contends that Prudential’s practice of paying life insurance benefits in a checkbook-style account—rather than a lump-sum payment—violates federal benefits

SEC Halts $600M Bank ICO Scam

The SEC’s investigation was conducted by David Hirsch and supervised by Jessica Magee and Eric Werner in the Fort Worth Regional Office in coordination with the Enforcement Division’s Cyber Unit.

Tim Duncan Settles Lawsuits Against Financial Advisor

Tim Duncan settles his lawsuit against his former financial advisor

US files 'spoofing' charges against UBS, HSBC and Deutsche Bank

Deutsche Bank and UBS have agreed to pay $30m and $15m respectively to settle the civil charges in the case

Acting Assistant Attorney General John P. Cronan Announces Futures Markets Spoofing Takedown

The charges we are announcing today relate to alleged fraud and manipulation of the U.S. futures markets through schemes that are colloquially known as “spoofing.”

Lawsuit claims TCW fired female fund manager for alleging sexual harassment

Tirschwell said in the complaint she was fired on Dec. 14, 2017, nine days after complaining about Ravich’s advances, on the pretext that she had violated TCW’s conflict of interest rules.

Rogue Broker With 50+ Disclosures Ordered to Pay $4.3 Million

Finra suspended Diaz indefinitely in 2015 for failing to comply with a settlement agreement or an arbitration award or to respond to the regulator’s requests for information, according to his BrokerCheck profile.

SEC on ‘High Alert’ for ICOs that Violate Federal Securities Laws

Clayton said that the agency is “looking closely” at such “Blockchain-R-Us” schemes to determine whether they violate securities regulations.

Bank Leumi Announces Agreement for Strategic Investment Into Bank Leumi USA, Setting the Latter's Value Just Under 1 Billion USD

The strategic investment brings extensive expertise in the U.S. financial services and banking fields, will assist in the continued evolution and success of Bank Leumi USA and will lead to the creation of greater value for the Leumi Group.

Goldman Sachs chief's PA 'stole £860,000 of fine wine from him including seven ultra-rare burgundies worth £13,750 each'

The banker, 55, has been collecting wine for decades and is said to have a 1,000-bottle storage area

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