Managers of Wealth Americas

BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded Funds

BMO Asset Management Inc. today announced the January 2015 cash distributions for certain BMO Exchange Traded Funds that pay monthly distributions.

Morgan Stanley Sets New Goals Amid Wealth Management Turnaround, Trading Woes

Morgan Stanley CEO James Gorman hit important milestones in 2014, including a 20% pre-tax margin for the bank’s wealth management division, which accomplish many of the targets he initially laid out when taking the reins of the bank in the years aft

Hedge Fund Worker Gets 3 Years for Stealing from State's Richest Man

Yihao "Ben" Pu was just 23 when he illegally downloaded information about algorithms developed for use in high-frequency trading by Citadel

UBS to Pay $14.4 Million Fine for Violations in U.S. 'Dark Pool'

The SEC also highlighted several other violations by UBS

U.S. regulators question whether Credit Suisse has rule-breaking culture

Company officials told the regulators that the U.S. unit that manages pension plans is completely isolated from the one involved in the tax evasion case.

Finra Fines Merrill Lynch Over Delay in Reporting Allegations Against Adviser

Brokerage Employee Was Siphoning Money From Client Accounts

The Rosen Law Firm Announces Investigation of Securities Claims against Altisource Asset Management Corporation - AAMC

On January 13, 2015, it was revealed that California regulators are seeking to suspend the mortgage license of OCN

Citigroup loses appeal over Abu Dhabi fund's arbitration

Citigroup Inc on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's US$7.5 billion investment in late 2007 to shore up the then-struggling bank.

SEC Charges Direct Edge Exchanges With Failing to Properly Describe Order Types

The penalty is the SEC’s largest against a national securities exchange

Avila Rodriguez Hernandez Mena & Ferri Announces Partner Promotion

Mr. Rivero graduated from the Florida International University College of Law in 2005.

Regulate Banks by Complexity, Not Size

Financial institutions today operate in a constant state of reevaluation

Oppenheimer loses bid to collect $30 mln from Deutsche Bank

An arbitration panel has denied U.S. brokerage firm Oppenheimer & Co's attempt to collect more than $30 million from Deutsche Bank AG related to the sale of auction-rate securities that the bank created

Canada: Investment Funds Make The Transition To IFRS

Investments Funds will need to select appropriate accounting policies for the measurement of their investments.

Part I: SS&C GlobeOp and Regulatory Reporting By: Tom Kirkpatrick and Alexandra Gillespie

In Part II of the interview, the discussion will turn to the new European clearing mandates and the overall future of OTC processing.

Citi, BofA trim bonuses as choppy markets wipe out trading gains

Citigroup and Bank of America have cut the pools of bonus money set aside for traders and other employees, as Wall Street scrambles to adjust its expenses following a surprisingly weak December.

Hedge Funds Exhibit Low Performance But Bigger Bonuses

Hedge fund professionals received increases in both base salary and year-end bonuses, the 2015 Hedge Fund Compensation Report revealed today.

Tough choice for Bank Leumi US customers

American customers with unreported accounts will now find it costly to own up, but perhaps even more costly if they don't.

Broker investigator targeted by FCA

For over 30 years it has acted as a trusted partner for strategic business consultancies

Swiss Banker Loses Bail Bid for Not Showing Up in N.Y. Court

A Swiss banking executive accused of helping U.S. clients cheat on their taxes lost his bid for bail because he didn’t come to court to answer the charges against him.A Swiss banking executive accused of helping U.S. clients cheat on their taxes los

Proposed Anti-Inversion Regulations Would Affect Foreign Insurers

For decades American companies have used so-called “corporate inversions” to lower their tax burdens on foreign-earned income.

Legal, Regulation & Compliance