Managers of Wealth Americas

Demand For Impact Investing Could Be Boon For Attorneys

The practice of impact investing, which involves private equity and other investors making investments aimed at helping to advance society at large.

FINRA Clarifies What Advisors Can (and Can’t) Do on Social Media

The notice requires broker-dealers to keep records of any text message correspondence, take responsibility for any links or shares to third-party content providers, just as if the firm had created the content itself (but only if the firm had some form of

Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG

The actions were taken by the Board to address unsafe and unsound practices at the firm's domestic banking operations

Leading Global Air And Space Law Group Joins Reed Smith

"Building our finance capabilities at the highest levels in order to align with our clients' businesses is a priority of the firms, so Liz and Del are ideal additions," said Ed Estrada, chair of Reed Smith's Financial Industry Group.

California FA Accused of Stealing Millions From Colts Player

Cory Redding defrauded by his financial advisor, adults lose confidence in financial well-being as they age and millennials want more than robos.

CRA pursuing criminal charges against Panama Papers tax cheats

The Canada Revenue Agency says it has “upped its game” and launched dozens of criminal investigations into offshore tax schemes

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.

Legal, Regulation & Compliance