Managers of Wealth Americas

Broadridge Launches Trade Reporting Solution for SFTR Regulatory Change

SFTR requires EU counterparts engaging in securities finance transactions to report trade data to a registered Trade Repository.

OECD's Multilateral Instrument to amend Mexico’s double tax agreements

Mexico did not make a reservation with regards to the application of Article 3of the MLI.

Robo-advisers expected to meet fiduciary rule

The push follows announcements the SEC made in February that robo advisers will not be exempted from any of the legal obligations that apply to other advisers.

Ex-Portfolio Manager Sentenced For Inflating Hedge Fund Value

He'll owe 15 percent of his gross income until his fine is paid off.

Wells Fargo may be in hot water again

The changes lowered home owners' monthly mortgage payments, but it also meant they'd owe Wells Fargo a lot more money over a much longer period of time.

Former Julius Baer banker pleads guilty in U.S. FIFA corruption probe

Arzuaga did not name him, but the president of the Argentine Football Association at the time was Julio Grondona, who died in 2014.

IRS Rolls Out Offshore Voluntary Disclosure Compliance Campaign

A more targeted approach to noncompliance.

US Seeks Record Recovery of $540M in Case of Looted Sovereign Wealth Fund

The inner circle of Malaysian Prime Minister Najib Razak was involved in the conspiracy, which began in 2009 and continued through 2015, the complaint alleged.

With Watson Financial Services, IBM Launches Cognitive Era of RegTech

First-Generation Cognitive Solutions Trained by Promontory Experts

White House calls for rollback of banking regulations

A sensible rebalancing of regulatory principles is warranted in light of the significant improvement in the strength of the financial system and the economy.

Bank of America Pays Nearly $2M to Settle Lawsuit

The Bank of America will pay $1.9 million to settle a government lawsuit alleging that it took too long to inform customers that their phone calls were being recorded.

Big banks to get away with risky bets after Dodd Frank repeal

Some regulators have acknowledged the complexity of the rules, though critics say banks are exaggerating

Canada To Amend Voluntary Disclosure Program

The Government's proposed changes narrow the eligibility for VDP and impose additional conditions on applicants.

Deutsche Bank reaches $170 million Euribor-rigging settlement

Investors accused banks of conspiring to rig Euribor and fix prices of Euribor-based derivatives from June 2005 to March 2011 to profit at their expense, in violation of U.S. antitrust law.

RBS in advanced talks over £3.5bn-plus mortgage mis-selling fine

RBS and the FHFA are in detailed talks about a multibillion-pound fine that could be announced within weeks, Sky News learns.

Supreme Court imposes five-year limitation on SEC disgorgement

The Supreme Court chronicled the evolution of disgorgement in SEC enforcement proceedings, finding that, at the inception of the agency, the only stated remedy available was an injunction.

Fiduciary rule is creating concern for some, opportunity for others

Smaller adviser firms and solo practitioners that rely largely on a commission-heavy brokerage business may struggle to adapt to the new changes in comparison to their larger counterparts with expansive networks, more resources and large compliance teams

Legal, Regulation & Compliance