Managers of Wealth Americas

U.S. prosecutors in talks with second suspect tied to JPMorgan hack

Any plea secured in the case could mark a breakthrough for authorities investigating the hacking of JPMorgan

Asset Managers Team Up to Develop Standards for Dark Pools

Dark pools are essential for today’s market structure,

Countdown begins to Fed's decision on interest rates

Those looking to buy homes and cars wonder if they'll have to pay more on loans, while savers are watching for more interest on their accounts.

Investor Control Doctrine Invalidates Tax Benefits of Private Placement Life Insurance Policy - Withers

The decision highlights that the inclusion of restrictive language in a variable life insurance policy contract which prohibits all communications between a policyowner and investment manager

SEC Charges BDO and Five Partners in Connection With False and Misleading Audit Opinions

The Securities and Exchange Commission has charged national audit firm BDO USA with dismissing red flags and issuing false and misleading unqualified audit opinions about the financial statements of staffing services company General Employment Enterprises

SEC Charges 'Financial Myth Bustin' Host With Fraud

The SEC alleges that Bennett used her radio program, “Financial Myth Busters,” to falsely claim that her clients’ returns were in the top one percent of firms worldwide.

Dewey Executives Innocent of Fraud in Law Firm's Collapse, Defense Says

The most serious charge carries up to 25 years in prison.

Debevoise Advises Sun Life Financial in Acquisition of U.S. Employee Benefits Business of Assurant

Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization

Nomura Traders Plead Not Guilty to Deceiving Bond Customers

Each defendant was released on $1 million bond and ordered to surrender his passport.

FXCM Ordered to Pay More Than $843,000 Over Revelation Forex

The Order also finds that FXCM failed to respond fully to a CFTC document request

Massachusetts Regulator Investigates BNY Mellon Fund Pricing Snafu

But the fallout that seems only to affect large financial institutions can hit the average investor looking at his and her retirement money.

CFTC probes JPMorgan for alleged client steering - WSJ

CFTC is investigating why large proportions of Highbridge's assets are coming from J.P. Morgan's private-bank assets and if this factor helped Highbridge stabilize during the financial crisis

Credit Suisse challenges court order to pay US$288m in mortage suit

Swiss banking giant Credit Suisse on Monday challenged a court ruling ordering it to pay a US hedge fund US$287.5 million (€257.6 million) in a case linked to the burst housing bubble.

Reserves keep dropping as payment looms

Central Bank coffers are suffering effect of high demand for dollars from savers, importers

Geneva wealth managers pay defrauded investors to settle Madoff case

Prosecutors told a Geneva court at the time that the directors had enriched themselves on management fees, finder fees and commissions paid for fictitious returns that were never verified.

SEC Charges Hedge Fund Adviser with Taking Unearned Management Fees

Two Accountants Charged With Performing Deficient Audit of Fund

Bank of America exec arrested for wrestling topless Times Square performer

Accusing her of stealing his wallet (even though she had nowhere to hide it)

Schroders’ Swiss Bank Pays $10.4 Million in Deal With U.S.

The Department of Justice has announced that Schroder & Co. Bank AG has reached a resolution under the department’s Swiss Bank Program.

JP McManus in legal bid to recover $5.2m from US taxman

Businessman says tax was wrongly withheld from $17m in US gambling winnings in 2012

Canadian wealth management firm behind Cayman Islands trading scheme identified

Victims of the scam, as well as eyewitnesses with first-hand knowledge, have identified the Canadian investment firm

Legal, Regulation & Compliance