Managers of Wealth Americas

Harbert Management pays $40 million to settle with New York over taxes

When businesses operate in and out of New York, they must allocate the income they derive from New York for tax purposes.

Ex-JPMorgan analyst cleared of insider trading charges

His lawyers argued the jury had already determined Aggarwal did not intend to commit the charged crimes.

Judge certifies class in JPMorgan ERISA lawsuit

A class action would be superior to individual lawsuits and that essential questions in the case can be resolved on a group basis.

Ex-J.P. Morgan broker expelled for not complying with FINRA probe

The firm accused her of using the funds for her personal use.

Innovative approaches to protecting retiree portfolios

A structured note is a debt obligation that tracks both an underlying debt obligation and a derivative embedded within it.

What wealth managers can learn from the Wells Fargo scandal

Every firm is different. Every day is different. Every employee is different.

Morgan Stanley Fined $1M Over FA Sales Contest

Galvin first brought charges over the sales contest in October, and at the time, Morgan Stanley said they were without merit.

Managed Portfolio Advisors Enters into an Agreement with BNY Mellon’s Pershing

The agreement unites MPA’s overlay management services with Pershing’s technology platform

UBS Must Face Trial On Whether Holding Co. Was Customer

U.S. Magistrate Judge William Matthewman, who is fielding the case without a district judge, said the facts of the case could be interpreted in favor of either UBS or Bounty Gain Enterprises Inc. The holding company has asked arbitrators with..

Lombard Global, Inc. and Glendale Capital Partners Form Corporate Finance Strategic Alliance

It will extend client relationships with transaction advisory and other management consulting offerings.

New York's High-Flying Firms Hit New Heights in Profits, Revenue

On the revenue front, 11 of the 17 sampled firms saw gross revenue surge by about 5 percent or more. Revenue was up from 2015 at all but two of the firms.

Four more banks named in bond price-fixing complaint

Who worked at three of the banks, has also been named as a defendant in the amended lawsuit.

Barclays's Staley Draws U.S., U.K. Whistle-Blower Probes

Regulators review whether bank chief tried to unmask tipster

Taxpayers Face Offshore Account Disclosure Dilemma

What is a worried taxpayer to do?

Fight Over 2 Big Law Accounts Sparks Legal Tech Spat

At the root of the dispute is a fight over document management technology for law firms.

Morgan Lewis Adds Corporate, Technology Transactions Veteran Nancy Yamaguchi as Partner

Her clients include global companies in the semiconductor, software, manufacturing, automotive and FinTech industries.

5 Things Mutual-Fund Investors Should Know About Mutual-Fund ‘T’ Shares

With the retirement rule that spurred these shares now delayed, demand might not materialize

RegTech: Evolution or revolution?

RegTech might not sound particularly new or revolutionary – after all, financial services firms have been using technology to automate their processes for decades, right?

Fraud and Fraudulent Conveyance Claims for $686 Million Allowed To Proceed Against Hedge Fund in Long-Running Dispute over Failed Securitization

Justice Marcy Friedman of the New York Commercial Division denied a motion for summary judgment seeking to dismiss claims of fraud, breach of the covenant of good faith and fair dealing, and fraudulent conveyance brought against a hedge fund, Highland Cap

Gary Cohn supports splitting lending and investment banks

In the meeting which was arranged by Senate Banking Committee Chairman Mike Crapo, Cohn had discussions on topics including financial regulations and overhauling the tax code.

Legal, Regulation & Compliance