Managers of Wealth Americas

SEC: Morgan Stanley Failed to Safeguard Customer Data

The SEC appreciates the assistance of the New York Field Office of the Federal Bureau of Investigation and the U.S. Attorney’s Office for the Southern District of New York.

SEC Issues $17 Million Whistleblower Award

The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a $30 million award in September 2014 and a $14 million award in October 2013.

FINRA Sanctions Oppenheimer & Co. $2.9 Million for Unsuitable Sales of Non-Traditional ETFs and Related Supervisory Failures

FINRA also found that Oppenheimer failed to conduct adequate due diligence regarding the risks and features of non-traditional ETFs and, as a result, did not have a reasonable basis to recommend these ETFs to retail customers.

Proskauer Represents New Ownership of Luxury Adirondacks Resort Property, The Point Resort

The Point Resort is a member of Relais & Châteaux, a prestigious Paris-based hotel association

How to Avoid Pension Advance Scams

While there’s been increased attention paid to these practices, they haven’t gone away.

US hedge fund sues 'Panama Papers' law firm

The law firm at the centre of the Panama Papers scandal is under fresh attack, facing a lawsuit from the powerful US hedge fund that successfully sued Argentina.

Orthodox Hedge Fund Manager Arrested in N.Y. Listed by Netanyahu as Potential Donor

Murray Huberfeld, linked by FBI to Corrections Union bribery scheme, is top philanthropist of Chabad and other religious institutions.

Correction union head, hedge-fund founder face corruption charges

Norman Seabrook and Murray Huberfeld of Platinum Partners, L.P. were arrested

SEC Says Morgan Stanley Complicit in Giant Hack Attack

The SEC found that the investment banking giant Morgan Stanley failed to take proper precautions to safeguard customer data during a hack that resulted in private information being offered for sale online.

HSBC awaits Brazil watchdog ruling on proposed sale of Bradesco

Brazil's central bank has already given the deal a thumbs up.

Baker Tilly Admits 15 New Partners

They are leaders who have demonstrated tremendous professional expertise, collaborative spirit and dedication to the firm’s core values of Passion, Integrity, and Stewardship.”

Advisors Wrestle With BIC And The DOL Rule

“This is a game changer, where 50 percent of your business on average will be impacted.”

Hedge fund targets Mossack Fonseca

The law firm said that it has made an extraordinary effort to comply with NML’s various requests and has never been accused of wrongdoing by any court.

Newton adviser strikes $10M settlement in fraud case

The SEC asked a federal judge in Massachusetts on Friday to approve the settlement agreement.

Top Canadian law firm endorsed controversial KPMG Isle of Man tax dodge

Dentons lawyer denied involvement, threatened lawsuit before letter was public

Chain CEO Urges Central Bankers To "Run" Towards Blockchain

Ludwin told listeners they should be “running toward this opportunity.”

Banks and start-ups debate regulation

Fintech companies want a less-regulated environment to test new consumer products.

Massachusetts Securities Regulator Hunts for 'Rogue' Brokers

Disclosure incidents can involve allegations from disputes headed for arbitration to illegal conduct.

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

Legal, Regulation & Compliance