Managers of Wealth Americas

Family Offices May be Considered Investment Advisers for Purposes of FINRA Rule 5131

FINRA also emphasized that the remaining conditions of FINRA Rule 5131.02(b) must still be satisfied.

CFTC proposal holds harsh surprise for asset owners

Otherwise the pension (plan) will have to aggregate positions across all managers in determining whether it has exceeded position limits.

Brazil prosecutors make new leniency fine offer to J&F

Prosecutors rejected that, as well as the company's next offer that it would pay 8 billion reais.

GlobalCapital Names Morrison & Foerster Americas Derivatives Law Firm of the Year

This is the third year in a row the firm has been recognized with this award

Goldman Sues Former Wealth Unit Execs Over Poaching

Goldman says Friedstein and Page’s employment contracts “broadly prohibit” them from going after clients and employees for at least 90 days following their departure, according to Bloomberg.

Billionaire hedge fund manager Gets SEC Waiver to Keep Raising Money for Hedge Fund

A waiver from punishments that automatically kick in when individuals settle enforcement actions.

Five Charged With Insider Trading Involving U.S. Health Agency

The defendants are charged with securities fraud, wire fraud, conspiracy and conversion of property of the United States.

BNP Paribas to pay $350 million to settle New York currency-rigging probe

The violations announced today include major deficiencies in the Bank’s oversight that allowed nearly unfettered misconduct by more than a dozen BNPP traders and salespeople.

U.S. court rules against Andorran bank accused of money laundering

But the appeals court panel upheld the ruling on Tuesday.

SEC Issues Ransomware Risk Alert Highlighting Cybersecurity Best Practices

In highlighting these best practices, OCIE also reiterated findings from its 2014 Cybersecurity Initiative

Catalyst Fund investors have until next month to join class action against the hedge fund

If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 27, 2017.

Apex Wealth Management president charged with embezzling over $800,000

Garceau was arraigned before Magistrate Daniel Goulette Friday, with bond set at $50,000 and 10 percent surety. He will appear in front of Judge Linda Davis on May 31.

Citi pays up to settle with U.S. Justice Department

The Justice Department wishes to thank the FDIC – both the San Francisco Office and FDIC Headquarters for its cooperation in this investigation.

Barclays Cartel Trader Ashton Draws $1.2 Million Fine From Fed

The Fed initially announced its plans to fine Ashton and bar him from the industry in August of last year.

FATCA Leads To Record Numbers Of Americans Denouncing Citizenship

It serves no one, least of all investors and borrowers, to have fewer options in the capital markets.

Jabre Capital turns to Broadridge for risk management

Given recent regulatory changes and the challenging markets in which asset managers are now operating, we are increasingly seeing established groups replace their current infrastructure

New York Payroll Card Regulation Fight Wages On

The rules were initially set to come into effect last March but have since been in legal limbo.

Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme

The SEC alleges that Walter C. Little accessed confidential documents on his law firm’s internal computer network related to at least 11 impending announcements involving law firm clients, none of which he personally advised or billed for services.

Meet the U.S. hedge fund hiring from Citi and MS in London

Earlier this month it registered Daryl Lee, a former FX and rates trader at Morgan Stanley.

FINRA to Review Rules on Outside Business Activities

FINRA seeks comments on rules about outside business, Richard Grobman joins Raymond James in Philadelphia and MassMutual updates its brand.

Legal, Regulation & Compliance