Managers of Wealth Americas

Seward & Kissel Study Reveals Side Letter Usage Rising Among Newer Managers

When handled and disclosed properly, they can pave the way for a large investor to come into a fund or seed a new one.

Credit Suisse: Yet Another U.S. Settlement

The agreement with MassMutual settles claims pending in the United States District Court for the District of Massachusetts related to the sale of 19 residential mortgage-backed securities certificates in 2006 and 2007.

Bond Dickinson unveils US combination deal

Drake said that Bond Dickinson had been looking to expand via an alliance as opposed to a full merger.

SEC Is ‘Where Fiduciary Ideas Go to Die’

While consumer advocates say they remain hopeful the SEC will use the DOL rule as a model to expand fiduciary standards to cover brokerage accounts, many are wary.

Associated to buy Chicago-area wealth management firm

The $29.7 billion-asset Associated said in a press release Friday that Whitnell, which has $1 billion in assets under management, will supplement the bank's financial planning services tied to taxes, charitable contributions and estates.

US Sues Former Deutsche Bank Executive For Securities Fraud

Defendant Involved in the Sale of Over $1 Billion in Deutsche Bank Residential Mortgage-Backed Securities

State Street agrees $35m fraud settlement with SEC

Complaints related to hidden mark-ups and lack of disclosure over an electronic platform

New York regulator kicks Pakistan’s Habib Bank out of US

NY watchdog says company ‘opened the door’ to terror financing and fines it $225m

Mike Tyson’s Former FA Gets 33 Months in Prison

Ourand pleaded guilty in February to stealing around $550,000 from Tyson

SEC slaps $35 million fine on State Street for order handling deceptions

The subscriber used Last Look to reject 57 matches that each had a $1 million face value.

SEC: Adviser Charged With Stealing Investor

According to the SEC’s complaint, Newsholme used investor money for personal expenses, gambling in Atlantic City, and Ponzi-like payments to clients who sought a return of their funds.

Practical FATCA and CRS compliance for family trust structures

The overarching goal of FATCA and CRS is for a taxpayer's country of tax residence to collect information from other countries on the taxpayer's financial assets located in those other countries.

Swarm Fund Launches Compliance-Oriented Token Offering Tailored to Evolving Regulatory Environment

Introduces Liquid Democracy Self-Governance Structure, Provides Ownership to Crypto Token Holders

Middletown hedge fund manager gets 3 years in prison

But the prison term was a compromise.

Ex-Merrill Broker Who Zealously ‘Rode the Calendar’ Pays Again

Yanofsky’s settlement, which he accepted without admitting or denying Finra’s enforcement findings, illustrate the difficulties brokers have in securing IPO

Best Lawyers recognizes 17 US attorneys in 2018 guide

Best Lawyers is among the oldest peer-reviewed publications in the legal profession.

BankThink Regulatory sandboxes can help states advance fintech

This underperformance may have many causes, but our global competitors are certainly exploiting their regulatory advantage to get ahead in fintech.

Ex-Merrill Exec Avoids Fines on Customer Cash Misuse

The SEC found Tirrell had negligently caused violations of securities rules at the wirehouse, according to the SEC’s order Friday, cited by the news services.

U.S. watchdog may fine Habib Bank, Pakistan's biggest lender, up to $630 million

The DFS said in a filing that its investigation had found that HBL held a U.S. clearing account with Saudi’s largest private bank Al Rajhi, which has been linked in the media and by the U.S. Senate to Al Qaeda and the financing of extremism.

Former HSBC broker barred for alleged senior scam

Finra says Jaime Rodriguez bought two apartments with $200,000 from blind, elderly customer

Legal, Regulation & Compliance