Managers of Wealth Americas

Judge Denies UBS Attempt to Handicap Ex-Broker’s New Firm

The Protocol permits brokers who move from one signatory firm to another to take limited client contact information with them.

UBS's Legal Fight Against Breakaways Heats Up

UBS’s legal team is likely considering its next move

BNPP Pays $246M Fine, Agrees to FX Reforms

Specifically, BNP Paribas “failed to detect and address that its traders used electronic chatrooms to communicate with competitors about their trading positions,” according to Fed officials.

NY Court schedules pretrial conferences in “Last Look” cases against five banks for September

The initial pretrial conferences in the cases brought by Alpari (US) against Goldman Sachs, RBS, BNP Paribas, Credit Suisse and Morgan Stanley have all been scheduled for September 12, 2017.

Lawyers for ex-Wells Fargo broker ordered to hand over client data

The New Jersey decision follows a separate ruling by a New York court on Tuesday that required Sinderbrand's lawyers to halt any review of or planned action to use or share the data

Cannabis Industry Jammed With Extensive Environmental Regulations

The Order primarily applies to outdoor commercial cultivators, with a few exceptions.

Federal Regulatory Agencies Announce Coordination of Reviews for Certain Foreign Funds Under Volcker Rule

It may also be the case that congressional action is necessary to fully address the issue.

Deregulation Could Lift Big Bank Profits 30%

Wall Street is most focused on regulatory relief, since Congress is unlikely to take up any legislation

Withers’ global expansion breeds revenue growth as PEP leaps 25%

In 2016, the firm opened a new tax practice in Dubai with the hire of EY's Middle East and North Africa private client head Stijn Janssen.

Beverly Hills Man Indicted For Alleged Tax Fraud

Allegedly Hid $20 Million in Offshore Accounts at the Same Time Falsely Claiming the Earned Income Tax Credit on His Tax Returns

Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case

She oversaw the servicing of accounts for over 1,000 to 1,500 client relationships.

Regulatory Challenges a Top Concern for Executives in North America and Asia-Pacific, AxiomSL Survey Finds

Nearly Half of Respondents in Both Regions Plan to Increase Investment in Risk and Reporting Compliance Solutions in 2017

Madoff Scandal Lost Industry $363 Billion

But financial planners were hurt the least.

JPMorgan whistleblowers reap record $61 million

JPMorgan agreed to pay $307 million, with $267 million going to the SEC and $40 million to the Commodity Futures Trading Commission.

U.S. Hunt for Nigeria Fraud Cash May Come Second to a Small Bank

Aluko wired about $49 million for the apartment and registered it in 2014 in the name of a shell company he controlled

US businessman with Caribbean offshore accounts jailed for conspiring to commit tax, bank fraud

Robinson was also sentenced today to five years of probation for signing a false Form HUD-1 in connection with his role in the scheme.

Shkreli Witness Had Front-Row Seat to Fund Train Wrecks

Before Pierotti described that plot he told the jury he witnessed Rajaratnam trading on inside information.

FINRA Claim Filed Against UBS Financial Services

The suit is being arbitrated through Finra case number 17-01863 and UBS has yet to file a response.

Morgan Stanley Sued Over Alleged Sexual Harassment

One unnamed manager had allegedly requested Xiao send him sexually explicit photos of herself and then withdrew his offer for her to join his team, according to the suit cited by the website.

Feds want to seize Nigerian playboy’s yacht, penthouse

But the feds will have to get in line.

Legal, Regulation & Compliance