Managers of Wealth Americas

Fed directs 8 biggest banks to hold extra capital

Most of the banks have already put away the additional capital.

Arrival of the Volcker rule spurs sales of CLOs

Its arrival has spurred a selling of collateralised loan obligations in recent months, because it limits banks’ holdings of certain types of these securities.

SEC awards more than $3 million to Phillips & Cohen whistleblower client

To protect the whistleblowers' confidentiality as provided by the Dodd-Frank Act, the SEC doesn't disclose information

IRS May Crack Down on Retirees Failing to Take IRA Distributions

If it’s an honest mistake, you can make one withdrawal to cover all the misses and fill out IRS Form 5329 for a standard waiver

Robbins Geller Rudman & Dowd Obtains $388 Million Recovery in J.P. Morgan MBS Class Action

The settlement was achieved after six years of hard-fought litigation and an extensive investigation

Fed probes RBC role in City National loan, possibly delaying merger deal

The probe could delay the planned $5.4-billion takeover of the big Los Angeles bank by RBC, one of Canada’s largest financial firms.

Ex-Barclays Team Denied Claims, Ordered to Pay Millions

They were a group of senior UBS advisors who joined Barclays in 2011 to bolster its outreach to ultra-high-net worth Latin American clients.

Democrat Senators Introduce Bankruptcy Bill for Puerto Rico | Sovereign Wealth

Failure to pay that debt without an orderly workout would in effect begin a cascading series of chaos

Handler Thayer Wins Unprecedented Recognition

We are grateful to receive this unprecedented recognition and for the dedication and commitment shown by our professional team over these many years

SEC slaps OZ Management with $4.25m penalty for bad data

OZ Management, an investment adviser for numerous Och-Ziff funds, admitted wrongdoing and agreed to pay a $4.25 million penalty to settle the charges.

Deutsche Bank Inquiry Deepens as New York Seeks Moscow Memos

The formal request for information, which was sent last week, the person said, marks a deepening of the New York State Department of Financial Services’ probe into Deutsche Bank’s activities in Russia.

Napkin-eating broker at center of $5.6m insider trading scheme avoids jail time

Frank Tamayo allegedly used napkins and Post-it notes to convey sensitive information and will return $1m, his Audi Q7 and testify against friends

Puerto Rico journalists sue government to reveal hedge fund names

The Ad Hoc Group has declined to name the majority of its members.

King & Spalding Expands Litigation Practice in New York

Isajiw concentrates his practice on complex commercial and securities litigation, as well as regulatory investigations. He joins King & Spalding from Cadwalader, Wickersham & Taft, where he was a partner.

Ellen Pao, hedgie husband are losing their power couple status

The walls are finally closing in on disgraced hedge fund manager Buddy Fletcher and wife

Managers push SEC for limits on brokers' maker-taker rebates

The fact that the markets are as fragmented as they are, one could argue that fragmentation might have actually played a part in the NYSE problem

Role of DFMs in managing risk

How is risk managed within a portfolio and whose responsibility is it?

Hedge funder’s pricey divorce

According to public records, Ulrich — who manages a $16 billion fund at Anchorage — bought Santos’ share of their combined two townhouses for $16,331,697.

Clinton gets tough on Wall Street, vows to tighten oversight

She said banks cannot be "too big to fail.

Ex-NY Assembly Speaker's Son-In-Law Admits to Defrauding Investors

I'm sorry for what I have done, and I apologize to the court and to my family

Legal, Regulation & Compliance