Managers of Wealth Americas

Whistleblower receives more than £1m

The US Securities and Exchange Commission has paid a compliance officer between $1.4m and $1.6m

Firm to Pay $90K in Settlement With SEC Over Sale of Puerto Rico Bonds

StateTrust Investments, Inc. has been penalized $90,000 and censured by the Securities and Exchange Commission in a settlement

Accused trader Navinder Sarao may have offshore nest egg

Navinder Sarao, the “flash crash” trader who US authorities want to prosecute over claims that he helped wipe hundreds of billions of dollars off the value of Wall Street stocks, may have a hidden $75 million offshore nest egg.

Ex-Soros Hedge Fund Portfolio Manager Loses Bid for Fees

Cowen had initially sought $19.5 million after his termination in 2011

Bank of America Challenges $1.3 Billion Mortgage Verdict

Bank of America Corp.’s Countrywide unit urged a federal appeals court to reverse a $1.3 billion fraud verdict finding the company at fault for selling defective residential mortgage loans to Fannie Mae and Freddie Mac.

RBC Wealth Management fined $1 million for lax oversight of sales tactics

Fines and restitution relate to the improper sales of structured investment products to more than 200 retail investors

US, UK aim for Deutsche Bank Libor settlement on Thursday – sources

The world’s second-largest foreign exchange trader still faces potential claims or settlements over past issues including alleged attempts at foreign exchange benchmark manipulation and alleged violations of U.S. sanctions on Iran.

DOL Rule, Anti-Money Laundering Top Priorities for Raymond James

While it’s too early to report specifically where Raymond James stands on the new proposal, Curtis said on the surface, the new DOL proposal appears to be significantly better than the one put forward in 2010.

New York won't settle with Barclays soon over FX computer programs

New York's banking regulator will not settle with Barclays Plc over foreign exchange trading in coming weeks

CFTC freezes assets of DG Wealth Management over FX ponzi scheme & client funds misappropriation

The CFTC has issued a complaint alleging that Florida resident Dorian Garcia returned nearly $2.1 million to investors

NY Bank Regulator Says Currency Probe Could Last Months

Lawsky’s remarks Tuesday at a conference in New York represent a departure from his position in November

Investment Advisers: Six Areas of Focus for SEC Cybersecurity Exams

The alert also provides a sample document request that lists six primary areas that the OCIE plans to evaluate during cybersecurity exams

Prominent Insurance Attorney Joins Baker & McKenzie

His insurance practice includes matters related to oil and energy for mutuals

Boca Raton firm faces civil charges in $1 million precious metals case

The CFTC Complaint charges the Defendants with engaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.

British man held over £500bn Wall Street 'flash crash'

The CFTC Complaint charges the Defendants with unlawfully manipulating, attempting to manipulate, and spoofing — all with regard to the E-mini S&P 500 near month futures contract

Lombard Risk Winner of Custody Risk's Americas Award 2015 - 'Collateral Services Provider of The Year'

The Custody Risk Americas Awards 2015, hosted by Custody Risk Magazine, took place at the Marriott Marquis in New York City.

Klayman & Toskes, P.A. and Carlo Law Offices File Claim Against UBS

The securities arbitration claim alleges that the Claimant is a retiree who lives on a fixed income

FDIC Calls for Better Deposit Insurance Record Keeping at Big Banks

Timely access to insured deposit is critical to maintaining public confidence in the banking system

Bank of America’s deputy general counsel to join Moore & Van Allen

O’Keefe is a highly distinguished member of the financial and legal community

Ropes & Gray Enhances Asset Management Practice in Chicago

“The addition of Paul and Paulita to our Chicago office further aligns with the firm’s core strength in the investment management space and adds substantial depth of experience to our Midwest and national service offering,” said Asheesh

Legal, Regulation & Compliance