Managers of Wealth Americas

JPMorgan Pursues $1B Duo That Jumped to Wells Fargo

The company accuses the brokers of violating their contracts by trying to get clients to come with them

Pimco alleges Bill Gross leaked confidential pay data

Mr Gross is asking a judge to order Pimco to provide him with internal documents he says he needs to prove his case.

Fraud Ring Hits Credit Unions and Banks

Social Security numbers and sample signatures that the victim financial institutions used to identify and authenticate account holders.

New York Proposes Cybersecurity Regulations for Banks

Plan would require banks to hire chief information security officer, implement measures to detect and deter attacks

Debevoise Launches Business Integrity Group

With the accelerating trend toward intricate and significant legal integrity risks, the time is right for a dedicated practice focused on sophisticated, commercially reasonable integrity advice.

Staley Sees Model for Policy Makers in Carney’s Focus on Profit

Regulators say they are simply fine-tuning the current rules, as part of global efforts to avoid the bank collapses that spurred the economic slowdowns central banks are still battling.

American Beacon Advisors Reaches Agreement To Acquire Crest Investment Partners, LLC

Agreement Marks the Second Investment For the Company This Year

Wine investor Charles Banks charged with defrauding NBA star

Securities and Exchange Commission sued Banks for securities fraud over what appears to be the same deal.

Critics Are Lining Up to Oppose Changes to Dodd-Frank Law

The American Investment Council, an industry lobby group, says the bill is needed to update rules for a growing industry.

Federal Reserve seeks to reverse law on merchant banking

Banks were granted permission to hold such stakes for up to 10 years in 1999, when Congress passed an act that gave them much freer rein to provide capital to companies in the form of equity rather than debt.

Two Firms Charged With Compliance Failures in Wrap Fee Programs

Raymond James agreed to pay a $600,000 penalty to settle the charges and Baird agreed to pay a $250,000 penalty.

Executives Charged With Inflating Performance of Real Estate Investment Trust

After warnings from internal accounting staff that an incorrect method was used to calculate AFFO in ARCP’s 2014 first quarter financial results, Block falsified the company’s AFFO presentation in the final hours before filing the company&

High-profile art collector charged With tax evasion on art and luxury purchases

He pleaded not guilty, and was released on a $500,000 bail.

Former Merrill Lynch Brokers, Bank of America Agree to Settlement

U.S. judge approves $12.8 million deal between bank, about 270 former advisers

Industry Groups to SEC: Business Continuity Failures Are Not Fraud

This rule would characterize such deficiencies as a failure of a firm’s compliance program, not fraud.

Investment manager’s secrets are keeping him in jail

The Securities and Exchange Commission said in a Wednesday filing that nothing had happened and argued for Kapur’s continued detention.

Fed policymakers defend role of private bankers at central bank

But Fed officials say private bankers offer insights on the nation's economy and a check on central authority in Washington.

U.S. regulators to allow BlackRock funds to lend to one another

BlackRock first asked the regulatory agency in 2015 for permission to let its mutual funds borrow cash from one another

Huge Brazil police raid targets $2.5-bn pension fraud

Brazilian police staged a massive raid Monday to crack down on what they described as rampant fraud in the pension system

Israeli Court Issues FATCA Injunction

The US Congress enacted FATCA in 2010 to target non-compliance by US taxpayers using foreign accounts.

Legal, Regulation & Compliance