Managers of Wealth Americas

ASC suspends Privest Wealth Management

As part of that settlement, Privest agreed to terms and conditions, including that it hire an independent monitor to help it beef up compliance

16th Annual MAC Survey - Nixon Peabody

This year’s survey suggests we continue to observe in MAC clauses an awareness of political and legal developments as they affect deals.

US pension fund sues Willis Towers Watson over merger

The action was brought on behalf of all Towers Watson (TW) shareholders eligible to vote on the merger.

Massachusetts and New York are investigating MetLife over unpaid pensions

The New York Department of Financial Services (NYDFS), which regulates insurers and banks in the state, said on Monday that it is reviewing the matter.

US Government to Sell Off $10 Million in Seized Bitcoin and Bitcoin Cash

The order further said that cryptocurrencies will be sold and converted into US dollars

The murky US prosecution of a Turkish banker

Banker, Mehmet Hakan Atilla, 47, had been charged with conspiring to violate US sanctions on Iran

Chicago ‘Hedge Fund Manager’ Indicted On $10m Fraud

Chicago investment manager Shawn Baldwin, who made a name for himself in finance over the past decade, was indicted by federal prosecutors

Robeco: China’s AM regulations and US tax reform risks

“The new rules in China limit the south-bound investments and will therefore have a negative impact on the Hong Kong equity market,” said Robeco’s Victoria Mio.

Finra Bars Two Ex-Wells Fargo Reps

The scheme cost investors more than $800,000, according to the complaint.

Canadian regulators and ASIC sign fintech cooperation pact

The Innovation Hub provides the opportunity for entrepreneurs to understand how regulation might impact on them.

HSBC to Be Released From U.S. Deferred Prosecution Agreement

Controversial deal allowed the bank avoid criminal charges in 2012

Senate Tax Plan Could Also Hit Digital Wealth Advisers

Algorithms that prioritize sales of share lots that have lost value would become less effective

Morgan Stanley Fires Former Congressman

A Morgan Stanley spokeswoman confirms to HuffPost that the wirehouse fired Ford “for conduct inconsistent with our values and in violation of our policies.

SEC Continues Crackdown on Brokers Defrauding Customers

According to the SEC’s complaint, since the customers incurred significant costs with every transaction and the securities were held briefly, the price of the securities had to rise significantly for customers to realize even a minimal profit.

Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip

The whistleblower is the third awarded by the SEC in the past week.

Former UVA football player sentenced to 40 years in $10 million fraud case

This is essentially a case of theft,” Gibney said earlier Wednesday. The harm was not only to the victims’ finances, “but to their souls.

Former Hedge Fund Star Nehal Chopra Settles With SEC

The regulator says the Ratan Capital Management founder’s husband improperly shared investment recommendations with her and that she failed to disclose the arrangement with her clients.

JPMorgan, Santander partner in asset management in Brazil

Santander has 263 billion reais ($81.4 billion) in assets under management in Brazil

Canada urgently needs more trade with China, but big hurdles lie in its path

Canadian Prime Minister Justin Trudeau is on tour in China to discuss trade, but experts say hurdles stand in the way of major progress

Israeli Billionaire's $10b Dollar Lawsuit Against Soros Frozen by Judge

But U.S. court rejects request to dismiss case alleging defamation over Guinean mine read

Legal, Regulation & Compliance