Managers of Wealth Americas

Cantor Fitzgerald Sued by Former Head of Investment Banking

Steven Kantor, Cantor Fitzgerald LP’s former head of investment banking, sued the bond brokerage in a contract dispute

Exchanges Win Dismissal of U.S. High-Frequency Trading Lawsuits

A federal judge has dismissed lawsuits accusing several major U.S. exchanges of cheating ordinary investors by selling early access to market data to high-frequency traders

SEC Proposes Rules on Executive Pay and Performance

Rules Would Provide Greater Transparency and Better Inform Shareholders

Going mainstream: Barclays breaks ground to forge first contract lawyer panel

After establishing a global two-tier panel last year, Barclays has launched a procurement process to formalise its flexible resourcing usage and establish its first contract-lawyer only panel.

Hedge fund Alpha Titans to shut down and settle SEC charges

The SEC also accused the firm’s outside auditor, Simon Lesser

Ken Stewart named global chair of Norton Rose Fulbright

Ken’s knowledge and extensive experience of working within the US markets and beyond will be invaluable as we look to grow our practice across the continent

SEC Awards $600,000 To Whistleblowing Trader Who Faced Retaliation

In the first case of its kind, the U.S. Securities and Exchange Commission awarded a payment to a whistleblower after he experienced retaliation from his employer after he reported alleged misconduct.

DeAWM petitions DOL for exemption to manage U.S. retirement assets

DB Group Services pleaded guilty to a criminal charge of wire fraud from the U.S. Department of Justice and will pay a $775 million penalty.

SEC Looks at Merrill’s Compliance with Customer-Protection Rules

Regulators are looking into whether Merrill Lynch broke rules designed to ensure that customers of the Bank of America-owned brokerage would have access to enough of their money in a crisis

Mennen Heir Must Pay $97 Million for Trust Mismanagement

In 2013, heirs including Kathryn Mennen, a granddaughter of George S. Mennen, sued her uncle, George “Jeff” Mennen, and Wilmington Trust Co.

SEC probes Bank of America over customer funds: source

The Securities and Exchange Commission is investigating Bank of America to see whether it broke rules by speculating with its customers' funds

itBit Files for Banking License in New York

Bitcoin has become mainstream, the volume of bitcoin trading has grown exponentially

SEC Announces Award to Whistleblower in First Retaliation Case

To date, the SEC has awarded 17 whistleblowers since its whistleblower program began more than three years ago. Payouts now total over $50 million.

Ross Asset Management investor name suppression lifted

A Ross Asset Management investor, who liquidators are trying to claw money back from, has been denied permanent name suppression

Northern Trust Hedge Fund Services Announces Portfolio Analytics and Compliance Service

Proprietary reporting engine provides exceptional levels of customization for investment trend analysis and compliance

BSI Provides Road Map For Future Swiss Bank Agreements

The BSI nonprosecution agreement demonstrates the extraordinary level of disclosure and cooperation that Swiss banks are required to undertake in order to qualify for such a resolution, and provides a detailed road map for other Swiss banks seeking simila

Legal, Regulation & Compliance