Managers of Wealth Americas

SEC fines Cantor Fitzgerald over repeated failure to identify large traders

It also said Cantor repeatedly failed for more than a decade to file forms identifying itself or affiliates as large traders.

SEC adopts amendments to money market funds regulation

A six-month transition period will apply for certain other amendments, including the minimum portfolio liquidity requirements and discretionary liquidity fee provision.

Bank of America hit with multiple fines over banking malpractice

Bank of America harmed hundreds of thousands of consumers over a period of several years and across multiple product lines and services.

Bank of Canada expected to raise interest rate in the face of mixed signals

The majority thought the Canadian economy would be in, or near, a recession by now, squeezed by the most aggressive interest rate-hike cycle in decades.

Canadian regulators outline expectations for investment funds holding crypto

The guidance provides an overview of public crypto asset funds operating in Canada and describes related oversight initiatives by CSA members.

Finra Bars Ex-Wells Broker Fired Over Outside Activity, Debit Card Request

Brad M. Jacobson, who was terminated by Wells in April 2022, accepted the bar without admitting or denying the allegations and represented himself in the case.

The Fed can’t decide how much money US households have left

The problem is that no one, not even the Federal Reserve, knows how much longer the American consumer can keep on spending.

US banks scramble on research fees as reprieve on European rules runs out

Many in the banking industry had hoped a regulatory reprieve in place since October 2017 would be extended beyond July 3, analysts said, explaining the reason behind the eleventh-hour scramble.

Banks raised questions in 2020 about FTX-affiliated hedge fund's wire activity, FTX says

Bankman-Fried has pleaded not guilty to 13 counts of fraud and conspiracy.

The Toronto-Dominion Bank Receives Regulatory Approval for Normal Course Issuer Bid

As previously announced, TD intends to launch a new normal course issuer bid to repurchase for cancellation up to 30 million of its common shares.

Dimon may have ordered JPMorgan's review of Epstein ties, Virgin Islands says

Internal emails show that following Epstein's July 2019 arrest on sex trafficking charges, JPMorgan conducted a review known as "Project Jeep"

BofA: Crypto Sentiment 'Remains Poor' Following SEC Actions

The bank also projects that blockchain infrastructure and tokenization will “transform financial and non-financing infrastructure and markets over the next five to 10 years.”

PIMCO charged by US SEC over disclosure and procedures failures

$9m settlement

JPMorgan has reached an agreement to settle Jeffrey Epstein victim’s lawsuit—but its problems with the sex trafficker aren’t over

The deal with the victim identified only as Jane Doe doesn’t end JPMorgan’s legal headache over its ties to Epstein.

Legal, Regulation & Compliance