Managers of Wealth Americas

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.

Qualcomm faces fines after losing court bid in EU probe

Qualcomm could be on the hook for penalties ‘in the range of several millions of euros’ for resisting the call for the data

Withers tops list of Private Client Global Elite

Our position as the most well-represented firm is a testament to our sustained efforts at building an international business that serves every legal need of our clients.

SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors

The SEC’s Office of Investor Education and Advocacy previously issued an alert warning investors that aggressive stock promotion is a red flag of fraud.

An HSBC Money Laundering Report Can Stay Confidential—For Now

Public trust and confidence in the rule of law and the judicial system was at stake.

UBS Lawsuit Hinges on Definition of Solicitation

In the lawsuit UBS claims the four advisors breached non-solicitation provisions

HSBC, UBS settle U.S. rate-rigging litigation; 10 banks' total payout tops $408 million

The eight earlier settlements have won preliminary approval.

Advisor Licensing is Becoming Much Easier

The approved revamp will also split exams into an entry-level “securities industry essentials” exam and additional exams addressing specific securities and principal licenses, according to the publication.

Stifel's Hiring Push Aims to Thwart DOL Rule Slowdown

The main culprit, he says, isn’t any slowdown in unwinding of forgivable loan packages and other incentives offered by wirehouses and broker-dealers.

Fund manager MFS sued for self-dealing in its 401(k) plans

The plaintiff claims the plans were "loaded" with proprietary mutual funds, and 98% of the investable assets were held in company-affiliated investments

U.S. Banking Group Anticipates Modest Growth in Economy in 2018

The Economic Advisory Committee of the American Bankers Association foresees Federal Reserve rate hikes in the next year.

Legal, Regulation & Compliance