Managers of Wealth Americas

The Coming Shakeout in Third-Party Asset Managers

Their hard-won shelf space will likely come up for review in 2017 as broker/dealers shift to a “less is more” approach.

Three Former Traders for Major Banks Indicted in Foreign Currency Exchange Antitrust Conspiracy

The charge in the indictment carries a maximum penalty of 10 years in prison and a $1 million fine.

UBS cries foul over $18.5M FINRA arbitration ruling

The couple claimed breach of fiduciary duty and unsuitability, among other misconduct.

BofA sued by US regulator over unpaid premiums

FDIC seeks $542m over claims bank short-changed Deposit Insurance Fund

Big Data, Big Risk? Privacy and Security Tips for Fintech Companies - Blake, Cassels & Graydon

The sheer volume of the information increases its sensitivity because over time a fintech company may generate a very detailed and complete picture of an individual.

New NY Regulation Requires Banks to Step Up Monitoring for Money Laundering

The rule was proposed in December 2015.

Finra Focusing On Bad Guys In 2017

In this year’s letter, though, Finra mentions conflicts of interest only in regards to obtaining best execution on trades.

ANZ, Macquarie join push to have Singapore rate rigging case in US dropped

In that case, the big four Australian banks and Macquarie have been named as defendants.

New guidance from SEC aims to help investment management industry respond to fiduciary rule: a closer look

In order to make these findings, broker-dealers have been putting pressure on fund firms to standardize their compensation arrangements and, to a large extent, to tailor their applicable sales charge and distribution fee elements to the needs of each firm

When the FEDS Went After the Hedge-Fund Legend Steven A. Cohen

Inside the government’s nearly ten-year battle against one of the most powerful men on Wall Street.

US banks gear up to fight Dodd-Frank Act’s Volcker rule

Lobbyists plan to present evidence to congressional leaders that the Volcker rule is bad for companies, investors and the US economy

Auditing the Auditors in Asia

Accounting scandals underscore the importance of sound accounting and auditing practices and oversight.

Deutsche bank said to eye private equity help in settlement

One option it’s reviewing is to instead lend to firms like Lone Star Funds, which specialize in buying bad mortgages from government auctions and lowering consumers’ obligations. Amanda Williams, a spokeswoman for Deutsche Bank, declined to co

New SEC Chair a Welcome Chance to Reassess Rules for Advisors, Observers Say

There is little to indicate he has, as of yet, any informed opinion on the rules governing the industry.

Ex-Barclays Trader Admits Conspiracy to Rig Currency Prices

Separately, the Federal Reserve Board said it banned Katz from the banking industry.

New Filing Requirements for Foreign-Owned Disregarded Entities

Attempt to combat offshore tax evasion.

Are performance-based fees better for investors? New disclosure rules have firms experimenting

The firms are hoping these performance-based fee structures will entice Canadian investors, particularly those experiencing sticker shock in the coming months.

Hedge Fund Sues GOP-Hated Regulator for Exceeding Its Authority

RD Legal occupies a niche in the hedge fund industry, offering law firms and plaintiffs money in return for future payouts tied to legal disputes.

Here's One Immigration Policy That Should Withstand President Donald Trump

Known as the investor visa, the EB-5 visa has been around since the 1970s.

Former VP of Maryland Bank Charged with Bank Embezzlement and Wire Fraud for Alleged Six-Year Scheme to Steal over $1.8 Million

According to the criminal information, from April 2010 through July 2016, Strohman was Senior Vice President at a federal savings bank in Maryland, which had branches in Pikesville and Highlandtown.

Legal, Regulation & Compliance