Managers of Wealth Americas

A former FBI informant reflects on her involvement with the Insider Trading Industry

I had access to Intel’s booking information and I was looking at my job and I wanted to break into the hedge fund industry.

Jacob Wohl, The Teenage-Hedge Fund Manager, Has Been Ordered To Cease And Desist

Wohl had gotten significant media attention in recent years, but the cease and desist order now presents further evidence that Wohl’s exceptional performance may have simply been a figment of his own imagination.

CIBC Bid for PrivateBancorp Seen Failing Without Sweetner

The bid gap narrowed Monday after PrivateBancorp set a new date of May 4 for its shareholders to vote on CIBC’s offer.

Protect Wealth Assets with Custom Structured Settlements, LLC's...

FTI expertise continues to inform conversations and capacity to integrate settlements comfortably with any plan.

Justice Department targets executives in Wells Fargo probe

A grand jury convened in the Northern District of California has also sent subpoenas to witnesses, including former Wells Fargo employees

SEC freezes suspicious traders' assets

Case involves US$3.6m in illegal profits from investing in Fortress shares

Turkey Said to Erase Junk Rating Effect on Bank Risk Weightings

The ROM allows commercial lenders to hold some of their required lira reserves in foreign currency or gold instead.

Lyxor Teams With Wells Fargo Asset Management For New Financial Credit Fund

It will invest across the credit capital structure to include senior, subordinated and contingent convertible debt while also hedging currency risk.

Regulator robo guidance reflects challenge to advisors

According to him, robos have stripped investment fees down to the bone – 25 to 40 basis points – putting the onus on wealth managers to justify their higher fees.

World's Biggest Banks Fined $321 Billion Since Financial Crisis

The number of rule changes that banks must track on a daily basis has tripled since 2011, to an average of 200 revisions a day

Lawsuit against UBS over Enron collapse is dismissed

The plaintiffs chose to sue independently of other Enron investors who pursued similar claims in nationwide litigation.

United States: Lawyers: Give Your Clients A Business Entity Checkup

Any new business ventures can be started in a new entity.

New law won't stop Canada being used for money laundering, tax evasion

Bill C-25 does little to stop foreigners from using Canadian companies to snow wash illicit funds.

Pegasystems Software Robots Help Banks Onboard Institutional Customers

When we look at industry apps and technology, no one is going to get rid of their 50 to 100 legacy systems.

Tudor Investment the Latest Hedge Fund to Cut Fees

Tudor's fees had previously been among the highest in the industry

This Struggling Hedge Fund Hopes Trump Will Revive Its Fortunes

“Trump will eventually adjust himself. I am rather optimistic,” said Hirao.

First Circuit affirms insider trading conviction for stock tip written on clubhouse napkin

This decision comes in the wake of a series of recent insider trading decisions.

Merrill Lynch Faces Class Claims Over Customer Cash Use

Back in June, Merrill Lynch Pierce Fenner & Smith Inc. agreed to pay $57 million in disgorgement and interest

New Finra Arbitration Claims Fall 14%

No more than a quarter of cases have been decided by arbitrators in at least four years.

Merrill could pivot on fiduciary pledge

With over 14,500 advisers and more than $2.1 trillion in client balances, Merrill Lynch is something of a trend setter for the industry.

Legal, Regulation & Compliance