Managers of Wealth Americas

Morgan Stanley Slapped with $500K Fine

Advisors typically took the orders by phone and then aggregated them for execution.

Insider-Trading Crackdown Bolstered as Martoma's Appeal Rejected

The appeals court in New York rejected Martoma’s claim that the jury had convicted him based on improper instructions from the judge.

Wealthsimple launches portfolio for Muslims adhering to Islamic banking laws

Wealthsimple’s Halal portfolio will have the same fee structure as its other core offerings

Banned Broker Sentenced to Eight Years in Prison

U.S. District Court Judge Leigh Martin May also ordered Alleca to serve three years of supervised release and pay back around $24.4 million in restitution, according to the publication.

UBS Slams Florida Broker’s Whistleblowing Claim as Implausible

His claim asserts two counts of violating a federal Dodd-Frank Act whistleblowing law and a Florida whistle-blowing statute.

What Seattle's income tax fight says about our America's pension mess

Seattle officials, who say they need the tax to fund a range of programs, argue that the tax is legal.

ADP's board rejects billionaire hedge-fund manager Bill Ackman's three candidates

The payroll processing company said it plans to file its preliminary proxy statement with the Securities and Exchange Commission this week.

Finra bars former Merrill rep for failing to appear at hearing

Regulator was looking into charges that broker forged customer signatures

Justice Department’s Latest Offshore Bank Resolution Confirms Value Of Self-Disclosure And Voluntary Remediation By At-Risk Foreign Institutions

The Justice Department appears to have taken great care to describe publically the extent of Prime Partners’ extensive cooperation

FDIC sues Barclays, RBS and other banks over Libor

Agency claims failed US lenders lost money because rate was manipulated downward

Advisor 'banished' after state regulator claims he hid client losses

The SEC is now investigating Jordan and his firms as well, according to the state.

Tax Court holds that non-US persons are not subject to tax on gain from the sale of a US partnership interest

Further, the IRS expressed concern that the Tax Court did not give deference to the agency's interpretations of law.

Ex-Summit Wealth Management CEO sentenced to federal prison on $24 million fraud scheme

Between 2007 and 2012, Morrow and Alleca marketed promissory notes in Detroit Memorial Partners to Summit Wealth clients in Atlanta and throughout the country.

SEC Drops Suit Against 'London Whale' Traders

Recent, unspecified statements and writings by the London Whale himself, Bruno Iksil, undermined prosecutors' plans to call him as a witness against Julien Grout and Javier Martin-Artajo, shown in 2013

Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown

The SEC’s order finds that BISC obtained pre-released ADRs and lent them to counterparties without satisfying the proper requirements.

Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow

The trust paid the bill.

Black banker sues Goldman Sachs for racial discrimination

Goldman Sachs does virtually nothing to hire.

Allen & Overy Adds Ashurst Finance Partner in NYC

The firm now has 22 finance partners in New York.

Love Notes Were Insider Tips, U.S. Says, Charging 7 in Plot

The arrests are part of the largest insider-trading case in recent years

Five Olshan Attorneys Selected to The Best Lawyers in America 2018

Olshan has been consistently recognized as one of the premier mid-sized law firms in the country

Legal, Regulation & Compliance