Managers of Wealth Americas

SEC Halts Fraud Targeting Seniors

The SEC encourages investors to check the background of anyone offering to sell them investments.

Citi Appointed by Victory Capital to Provide ETF Services for its Exchange Traded Funds Business

Through its intermediary channel, Victory Capital also offers retail and retirement clients mutual funds and ETFs

SEC Issues New Sources of Custody Rule Guidance

The guidance update contemplates custody that arises from authority that goes beyond the foregoing arrangements

FINRA Proposal to Allow Broker-Dealers to Distribute Predictive Illustrations

Supervision continues to be a key element of compliance with FINRA’s customer communications rule.

Manafort-Linked Accounts on Cyprus Raised Red Flag

After questions were raised, Manafort closed the accounts

Investors Pay If Wall Street Wins a Fiduciary-Rule Delay

Cutting the rule entirely will cost investors billions more.

Judge Fines Bank of America $45 Million for ‘Heartless’ Treatment of Mortgage Borrowers

Amount meant to be large enough that it won’t ‘be laughed off in the boardroom,’ judge says in ruling

Regulators Tell Foreign Banks to Improve Living Wills

The plans map out how a bank would wind down in the event of material financial distress or failure of the company.

Panama claims solid case against mossack fonseca

A separate investigation is ongoing into Mossack Fonseca and the Panama Papers.

CRA publishes new compliance guidance for CRS, FATCA

The CRA will exchange that information with other jurisdictions in 2018.

Former fund manager who lost millions in Madoff scam falls to death from New York hotel

He was pronounced dead at the scene.

What do Americans know about retirement and what do they expect?

Seventy percent of survey respondents are relatively uncertain about their retirement-related financial literacy, rating themselves either “somewhat” or “not too” knowledgeable. More worryingly, both self-assessed and actual knowle

Fidelity's RIA business: a strong No. 2 that's working harder

The firm doesn't have as many adviser assets as rival Charles Schwab & Co., but together they control 70% of the market

Latin America and Carribbean Tax Revenues Rise: OECD

The average tax-to-GDP ratio across LAC countries is currently 11.4 percentage points lower than the OECD average of 34.3 percent.

Firm Sues Former Lawyer, Alleging He Stole Client Information and Operated His Own Firm on the Side

The firm, which is also called MLMJ.

RIA and Broker Found Guilty in $15M OTC Fraud

Led by “recidivist securities fraud defendant” Edward Durante, who pleaded guilty to the scheme last year, the fraud involved artificially inflating the price and volume of VGTel stock to attract private investments

Obama’s fiduciary rule is a disaster, warns former SEC regulator

Norm Champ backs US president to reduce red tape stifling the financial sector

SEC gives green light for T+2 implementation

The cycle reduction is intended to enhance efficiency and reduce risk, and would align the U.S. with the European Union, which has used a T+2 cycle since 2014.

DeVere's Campaign To Repeal FATCA

It's time for citizens in other countries to show the same kind of backbone and help get this costly mistake off the statute books.

Treasury probes offshore finances of former Trump campaign manager

It emerged that Manafort had a secret $10 million deal with a Russian billionaire that benefited Vladimir Putin.

Legal, Regulation & Compliance