Managers of Wealth Americas

Wirehouses escape the worst of the DOL fiduciary rule

The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades

Man sentenced for pitching hedge fund that didn't exist

Much of the money lost by more than a dozen victims was retirement savings.

ICBC to Issue First Renminbi Certificate of Deposit to Settle in U.S.

The Working Group on U.S. RMB Trading and Clearing aims to evaluate opportunities to develop and expand the trading, clearing and settlement of RMB in the United States.

SEC Awards More Than $5 Million to Whistleblower

Award is SEC Program’s Third Highest to Date

FINRA Fines Raymond James $17 Million for Systemic Anti-Money Laundering Compliance Failures

Investors may find copies of this disciplinary action as well as other disciplinary documents in FINRA's Disciplinary Actions Online database.

Five banks sued in U.S. for rigging $9 trillion agency bond market

The lawsuit filed in Manhattan federal court by the Boston Retirement System said the collusion dates to at least 2005, was conducted through chatrooms and instant messaging

EU parliamentary group wants the US blacklisted as a tax haven

The European Parliament’s special committee on taxation was set to send a fact-finding delegation to Washington this week to look into the state of tax avoidance in the US.

JPMorgan wins dismissal of Madoff investors' lawsuit

The lawsuit was brought on behalf of an estimated 2,500 “net winners” who withdrew more money from their accounts at Bernard L. Madoff Investment Securities L.L.C. than they invested.

United States: Managing Accounting And Tax Compliance In Foreign Markets - TMF

Global expansion is high in the agenda for many US companies but along with new opportunities it also brings tax and accounting challenges.

Pay Rule May Give BlackRock a Big Recruiting Boost Over JPMorgan

If enacted as-is, the pay rules could hurt Wall Street lenders that have been trying to grow their wealth management businesses since the 2008 financial crisis.

US must sign beneficial ownership deal first, says Caymans

The premier admitted that his comments were received with hostility, but it was an opportunity he could not pass up, reports Cayman News Service.

US bankers could lose bonuses in clawback plan

American bank executives are set to have to wait longer to receive their bonuses, take more of the awards in shares rather than cash, and face “clawback” if they misbehave.

Regulators Seek To Limit Bonuses For Risk Taking At Big Banks

Dodd-Frank law is the impetus for limiting incentive for excessive risk taking with public funds

SEC Joins FBI in Transition Management Charges

The US Securities and Exchange Commission has filed fraud charges against former State Street executive Ross McLellan, the regulator announced on Friday.

The marijuana industry is in a 'catch-22'

The chief problem with the marijuana industry boils down to a states' rights issue.

UBS Urges Judge Not To Hold It Liable For Mortgage Bond Losses

UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the U.S. housing market.

US Exposes Global Finance Firms' China 'Influence-Peddling'

The Securities and Exchange Commission and the Department of Justice began investigating the recruitment programs of major investment banks three years ago, to see whether they violated the Foreign Corrupt Practices Act by hiring the friends and relatives

Legal, Regulation & Compliance