Managers of Wealth Americas

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.

Trump to nominate investment fund manager Randal Quarles to key Federal Reserve post

Quarles’ nomination has been rumored for weeks.

Investors will soon benefit from reduced charges

This cost makes up the bulk of the expenses that are levied against assets and which cut investors’ overall returns.

HSBC case to provide insights on new US Justice Dept’s approach to banks

It could give an early indication of how the new administration would levy financial penalties.

DOL Urges Court: Uphold Fiduciary Rule Despite Review

The Labor Department is currently reviewing the fiduciary rule, which purports to require retirement account advisors to put clients’ interests first and went into partial effect June 9.

Merrill Lynch salesman describes shock, anger after Shkreli lost $7 million for Merrill on short trade and then threatens firm if it tries to collect

Martin Shkreli allegedly told Merrill Lynch it could absorb the loss on an Orexigen short sale.

Legal, Regulation & Compliance