Managers of Wealth Americas

How Much Did Dodd-Frank Cost? Don’t Ask Banks

What data is available related to Dodd-Frank compliance costs provides an inconsistent picture about whether banks are burdened by the rule.

SEC Charges Investment Adviser With Stealing Investor Funds

The complaint also names two hedge funds as relief defendants for the purposes of recovering investor assets in their possession.

Cigna net profits skid on costs of pending merger

Today’s financial report shows that Cigna was hit with “special items” charges of $252 million

Judge dismisses federal indictment of former stockbroker

U.S. District Judge Jose Linares rejected the government's argument that its 2016 indictment was timely

CI Investments becomes signatory to UN Principles for Responsible Investing

In becoming a signatory, CI joins some of the world's largest investment managers

2016 loss hits $7.9M at Heartland Bank; Cayman loan cited

Platinum Partners and its funds also are being investigated on accusations it overvalued its assets.

Crowdfunding website set up by ex-Linklaters associate launches in US to help bring legal actions against Donald Trump

CrowdJustice part-funded the Brexit judicial review, now it’s heading across the pond

SEC Announces Charges in Hamilton Ticket Resale Ponzi Scheme

The SEC alleges no such agreement or purchase ever happened.

The City That Never Sleeps Should Take a Nap

In fact, there have been no changes in federal law.

Tweaking Chat Trips Up Ex-Jefferies Bond Trader Jesse Litvak

But he faces a prison term and is unlikely to return to Wall Street.

King & Wood Mallesons Collapse Kept Recruiters Busy

It has been a very good year for headhunters I can’t ever remember the market being so busy.

BNP Paribas Escapes Victims’ Suit Over Terrorist Bombings

There was no clear connection between the business the bank did with the sanctioned country in the '00s and the 1998 attacks.

Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts

While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest, redundant offerings

N.J. trial lawyers launch new boutique firm

The market has changed and instead of seeking a larger platform, we wanted a smaller, more personal, platform that will enable us to adapt to those changes and react nimbly and quickly to client needs.

SEC Charges Two Former Och-Ziff Executives With FCPA Violations

The SEC is seeking monetary penalties against Cohen and Baros among other remedies.

Prudential Says Trio in Whistle-Blower Case Fired for Misconduct

Employees claim wrongful firing over MyTerm sales review

CFTC Orders Chicago-based ETRADE Securities LLC and ETRADE Clearing LLC to Pay a $280,000 Civil Monetary Penalty

The Order recognizes the cooperation of E*TRADE Securities and E*TRADE Clearing in this matter.

UBS Profit May Trail U.S. Peers on Litigation Reserves, Trading

The Zurich-based lender is the first of Europe’s big global banks to report fourth-quarter earnings.

Canada, Ireland set for AIIB as China pushes global agenda

Ireland, Canada, Ethiopia and Sudan are understood to be among the 25 countries expected to join this year

Private equity firm backs Halesowen insurance firm's management buy-out

Tim Smallbone and Jonathan Ma will join MyPolicy's board on completion of the deal.

Legal, Regulation & Compliance