Managers of Wealth Americas

A major hedge-funder in prison for insider trading is being sued by his brother for $14.5 million

In the lawsuit, Rengan Rajaratnam, 45, said Galleon failed to pay him $8.3 million on profits

Santander to Pay $6.4 Million in Puerto Rico Bond Settlement

Santander neither admitted nor denied the charges

SEC Charges Six Firms for Short Selling Violations in Advance of Stock Offerings

In the first fiscal year after the Initiative was announced, Rule 105 violations, detected through various means available to the SEC, decreased by approximately 90 percent over the previous six years.

Ex-Merck Analyst Zwerko Gets Three-Year Insider-Trading Sentence

Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee

Bank of America Sees Foreigners Rushing to Fund Spending by Indian States

State governments have control over land, water and electricity

Former Benghazi Committee Investigator Alleges Bias Against Hillary Clinton

The complaint asks that Podliska be reinstated to his investigative role, reimbursed for lost wages and compensated for his legal fees.

Bank pays $18M settlement for lending discrimination

Settlement Provides Compensation to Victims Identified by the Department of Justice and Establishes Fair Procedures for Treating Borrowers Who Receive Disability Income

U.S. warns governments, bankers Iran sanctions still in place

The United States wants to tell governments not to get ahead of themselves when dealing with Iran

Arbitration Law Firm announces investigation into UBS ETRACS ETNs

Our investigation relates to UBS’ sales practices related to its proprietary ETRACS ETNs.

'Bond King' Bill Gross sues Pimco for 'forcing him out'

Bill Gross claims a 'cabal' of executives were 'driven by a lust for power, greed, and a desire to improve their own financial position and reputaion'

New York Libor Trial Tests U.S. Ability to Do What U.K. Has Done

If a case like this succeeds, you know it can be done

Bill Gross Indicts PIMCO, Accuses Colleagues of Conspiracy

PIMCO's parent, German insurer,Allianz SE's AZSEY U.S. unit - Allianz Asset Management of America L.P. - also stands as a defendant in the lawsuit, which is seeking at least $200 million in damages.

Blackstone to Pay $39 Million to Settle SEC Charges Over Fees

The SEC said that the payments Blackstone received "essentially reduced the value of the portfolio companies prior to sale, to the detriment of the funds and their investors.

Advisors More Likely to Join Existing RIA Firm Than Start Their Own Firm

Advisors considering the RIA channel are increasingly looking to join existing firms that can provide them with not only the necessary operational infrastructure, but also a sense of community.

SEC Grants Too Many Confidential Treatment Requests, Critics Say

Warren Buffett’s Berkshire Hathaway and other institutional investors have used the CTR loophole to avoid disclosing holdings.

RBC receives U.S. regulatory approval for City National Corp. acquisition

City National common stockholders may elect to receive, for their shares of City National common stock, cash, RBC common shares, or a combination of cash and RBC common shares.

International tax report - Withers

In this quarterly report, we feature articles on important international tax developments around the world, written by our international tax lawyers based in the US, Asia and Europe.

CFPB Takes on Arbitration Clauses

If the CFPB moves forward with the proposal, it would not ban arbitration clauses outright but would require companies to provide customers with the opportunity to go to court if they so choose.

China to extend new lifeline to Argentina

With Argentina’s official reserves falling fast, China looks set to come to the rescue with a $2bn loan

New York Attorney General Examining Private Equity Firm’s Mortgage Business

The investigation was opened within the past week.

Legal, Regulation & Compliance