Managers of Wealth Americas

Report :Julius Baer Seeks Deal With US To Settle American Offshore Accounts Case

Representatives from Baer will meet with U.S. officials in the coming week for negotiations, the report said.

Finra sanctions Fidelity Brokerage Services $1 million for supervisory failures

FINRA found that Fidelity failed to detect or adequately follow up on multiple "red flags" related to Lewis's scheme

J.P. Morgan to Pay $307 Million Over Client 'Steering'--Update

A J.P. Morgan spokesman said the bank had enhanced its client disclosures over the last two years.

JPMorgan Expected To Pay Financial Regulators $200 Million Over Client Steering Allegations

JPMorgan Chase & Co. is expected to settle charges over what the bank has called "conflicts" in its asset management division.

Three further Swiss banks pay US fines

The Department of Justice has announced that Bordier & Cie Switzerland (Bordier), PBZ Verwaltungs AG (PBZ) and PostFinance AG reached resolutions under the department’s Swiss Bank Program. These banks collectively will pay penalties of more tha

Three further Swiss banks pay US fines

UBS Recruiting Ignites Raiding Claim, Spoils Credit Suisse-Wells Fargo Deal

The arrangement with Wells Fargo gives the wirehouse the inside track on Credit Suisse's U.S.-based advisors.

Ex-Rabobank Traders Call Libor-Rigging Evidence Tainted

The defendants argued the prosecution was tainted because of testimony by the government’s star witness

State brass slaps money managers with fine

Suspect or not, the state officials believe Everest used misleading language in their ads and infomercials

Hedge Fund Manager Pleads Guilty In $59M Fund Collapse

Owen Li surrendered Wednesday morning shortly after the criminal information was filed

Toronto Advisor Wanted in Random Attack

Low interest rates and weak personal income growth spell bad news for employees’ retirement accounts

Big law firm with Denver officer completes its largest merger ever

The deal adds 58 partners, six counsel and 18 associates to Fox Rothschild.

US and Chinese Financial Intelligence Units sign Memorandum of Understanding to facilitate information sharing

Regulators are working more closely than ever before

SEC: Hedge Fund Adviser Lied to Investors

The Securities and Exchange Commission today barred a hedge fund adviser from the securities industry for making a series of false statements to investors and ultimately causing a fund’s collapse.

Four Things That Offshore Funds Should Not Do

Most offshore funds that trade U.S. instruments manage to avoid the ECI issue by restricting themselves to U.S. activity that fits within the “stocks, securities and commodities” safe harbor.

Big investors going short on the short end to play Fed hike

Successive rate hikes in 2016 "will benefit the long end (versus) the short end," said Rick Rieder

Palm Beach bank exec’s drug charge ‘an aberration,’ friends write

Anderson faces up to one year in prison and $100,000 in fines.

Brokerage employee gets 3 years in U.S. prison over Venezuelan bribes

His sentence was confirmed by a spokesman for Manhattan U.S. Attorney Preet Bharara, whose office had pursued the case as part of a foreign bribery probe involving Direct Access Partners and Venezuelan state-owned development banks.

SEC Announces Fraud Charges Against Investment Adviser

The SEC complaint charges AAM with violations of the antifraud provisions of the Investment Advisers Act of 1940 and related rules as well as violations of Section 207 of the Advisers Act by failing to disclose BFG’s ownership interest in the Form A

Chief: Bank ready to step up stimulus Voice Herald

The bond market was especially roiled by the ECB's move.

Legal, Regulation & Compliance