Managers of Wealth Americas

Hedge Funds Are Facing a U.S. Criminal Probe Over Bond Valuations

Firms said to inflate securities’ value to bolster returns

A former IRS officer sentenced for tax evasion

Henti Baird, a resident of North Carolina, was sentenced to 43 months in prison for tax evasion and going against internal revenue laws

The Volcker Rule: How Trump’s New Regulator May Unleash Big Banks

Keith Noreika, acting comptroller of the currency, in exclusive interview, says agency could reinterpret proprietary trading definition

Money Talks in New York City – But Not For Long

Applicants who believe the law has been violated may choose to bring a claim either to the New York City Human Rights Commission (the New York City governmental agency charged with enforcing the NYCHRL) or by civil lawsuit in the New York State Court syst

FINRA Approves New Proposal To Reel In High-Risk Brokers

A comment period will follow a coming regulatory notice.

Buy 'repatriation stocks' because that is sure to make the cut in the final tax bill, UBS says

S&P 500 companies hold about $2.4 trillion in unrepatriated profits and more than $1 trillion cash overseas, according to UBS.

RBC Eyes Bigger Cut of $40 Billion in U.S. Investment-Bank Fees

Domestic rivals Bank of Montreal and Toronto-Dominion Bank also are seeking ways to gain more U.S. investment-banking business.

Barclays to Pay $97 Million for Overcharging Clients

Barclays also collected excess mutual fund sales charges or fees from 63 brokerage clients by recommending more expensive share classes when less expensive share classes were available

Wells Fargo Probes Client Handling at Chicago Wealth Branch

Investigation is unrelated to ‘cross-selling’ scandal

Chile: Ex-President Piñera Denies Hiding Fortune After Declaring Net Worth of USD $600 Million

Sometimes they criticize me because my net worth is very high, now apparently they criticize me because my net worth is not so high. I do not know how to please those who do not have good will towards me.

‘Frustrated’ EU politicians step up pressure on US over Fatca

Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.

Nomura Trader Portrayed as Thief at Ex-Colleagues' Fraud Trial

Frank DiNucci Jr. is testifying for prosecutors in plea deal

US hedge funds raises the stakes on takeover for big North East employer Akzo Nobel

Activist investor Elliott Advisors is to take legal action to oust Akzo's chairman and force through a takeover by US rival PPG

Finra Board to Focus on Rogue FAs, Unpaid Awards

The board will consider amendments to rules governing oversight of high-risk brokers and the companies that hire them as well as further guidance on supervision.

Ex-Barclays Traders Settle With SEC Over Excessive Markups

Barclays agreed to pay a $1 million penalty for failing to supervise the traders

Guaranty Bank shut down by federal regulators, taken over by First-Citizens

The FDIC says those branches will not reopen, and their ATMs will not operate.

Congress may try to cancel Barack Obama's pension following his $400,000 speech to Wall Street

When it was first introduced last year, Mr Obama vetoed the legislation on the basis that it would force former presidents to fire their support staff.

Cautionary fraud tale for pro athletes with sudden wealth

They want to avoid joining a long list of pros who have been steered into questionable investments.

Asset manager Ron O’Hanley warns of sector’s ‘easy growth’

SSgA chief predicts more mergers and welcomes back-office automation to help trim costs

Institutional Investors Have Increased Interest in Stone Harbor Emerging Markets Total Income Fund

These large entities often hire a team of analysts to perform research prior to the group purchasing a company’s stock.

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