Managers of Wealth Americas

Major Changes in Bank Lending in Costa Rica

The Law expands the definition of what collateral can be secured, allowing security interests to be created over previously unsecurable collateral.

AMG Announces Agreement to Invest in Leading Alternative Firms

Upon the closing of the transaction, senior management at each of the firms will continue to hold an unchanged majority of the equity in each respective business and retain operating autonomy in the business under the same terms as the prior arrangements

AIG, Prudential face new capital rules under Fed proposal

The Fed’s rule-writing process is at an early stage that’s meant to draw public comments to help the regulators craft a more formal plan.

Cinar Founder Ronald Weinberg, Two Others Found Guilty On Fraud Charges

The founder of once high-flying children’s animation company Cinar Corp. and two investment executives he dealt with have been found guilty of fraud and other charges

The Wall Street Golden Boy Who Allegedly Fleeched His Friends and Family

Given by and for alumni of the exclusive Groton School, northwest of Boston, the event, titled, without irony, “From Schoolroom to Boardroom,” was a typical gathering for the East Coast elite to slap backs, make connections, and further alread

Digital advice is poised to become the apple of asset managers' eyes

DOL's rule accelerates an opportunity for these firms to wrap products into advice-driven online platforms

Two Former Deutsche Bank Employees Indicted on Fraud Charges in Connection with Long-Running Manipulation of Libor

The case has been assigned to Chief U.S. District Judge Colleen McMahon of the Southern District of New York.

Litigation-Focused Jenner Seizes Wealth Management Opportunity

General Dynamics remains a large portion of the family’s $8.8 billion fortune as estimated by Forbes last year.

CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant

CFTC Division of Enforcement staff members responsible for this action are Melissa Cavers, Michael Frisch, Susan Gradman, Scott Williamson, and Rosemary Hollinger.

Brokerage Firm Charged With Anti-Money Laundering Failures

The task force focuses on current issues and practices within the broker-dealer community and develops national initiatives for potential investigations.

Banco Bradesco CEO faces accusations in Brazil tax probe

Operation Zealots is fpcusing on an alleged scheme in which tax officials were bribed to rule in favor of businesses disputing their tax bills.

N.Y. Mets Owners Reach Revised Deal with Madoff Trustee

The lawsuit had accused the group of turning a blind eye to the fraud by Madoff, whose Ponzi scheme was uncovered in December 2008, a claim they denied.

Two Law Firms Tie the Knot

All of Rosen Livingston & Cholst’s 10 attorneys are joining Anderson Kill, six of them as shareholders, as are the firm’s paralegals and support staff.

BMO Private Investment Counsel Inc. Receives Regulatory Approval for Proposed Fund Merger

The Terminating Fund will be wound up following the Proposed Merger.

Expats Object to Paying U.S. Taxes

In addition, nearly 45 percent of the expats surveyed said they would like the U.S. government to repeal FATCA

BLG'S Linda Bertoldi Named RBC Businesswoman of the Year

Linda's practice focuses on corporate transactions, project finance, corporate finance, and mergers and acquisitions, all within the electricity sector.

Foreign Business Groups to Complain About Proposed Chinese Insurance Rules

Draft insurance rules are part of China’s broader push for control over technology suppliers

Securities litigation shifting to state courts

This column and the next will review some of the spring season’s new business law looks.

Citibank to pay $425M to settle CFTC benchmark charges

Citibank, N.A. Has Been Subject to Three CFTC Enforcement Actions for Benchmark Abuses Imposing a Total of $735 Million in Penalties and Requiring Extensive Remediation

Finra fines and suspends adviser for software misconduct involving 78-year-old client in variable annuity case

Ameriprise Financial Services rep altered and backdated client notes, the regulator said

Legal, Regulation & Compliance