Managers of Wealth Americas

Wirehouse Advisors Gripe About, Increasingly Satisfied with Compliance

Despite constant and vocal grumbling, national brokerage and wirehouse advisors have steadily increased their satisfaction ratings of firms’ compliance programs.

Microsoft Ex-CEO & Other Executives Sued by IRS over Taxes

Software developer Microsoft Corporation’s executives, both former and current, including former chief executive officer Steve Ballmer have been sued by The Internal Revenue Service over the company's past tax practices.

Pershing to pay $3 mln for customer protection violations

The "customer protection rule" at issue in FINRA's action is a mandate of the U.S. Securities and Exchange Commission.

MIT Academic, Harvard Educated Money Manager Guilty of Fraud

Hedge fund insiders are known to consider questionable performance results that delivers profits across all market environments and fail to experience negative drawdowns or downside volatility.

SEC Rater Report, MF Global Restitution, BofA Exec: Compliance

Debt raters failed to follow their own methodologies, let senior credit officers view market-share data and allowed a trade group to affect criteria changes

$40 Million Goes To Hedge Fund In Credit Suisse Case

With the appraisal, Highland Capital used the property as collateral against a $540 million loan.

Rbc Agrees $35m Fine Over Scheme Involving Bahamas

The consent order reveals that between June 1, 2007,and May 31, 2010, RBC entities executed 1,026 such transactions

Federal regulators seeking to remove American Bank CEO

The proposed enforcement action comes as the bank's parent company, American Bank Holdings Inc., works toward an announced merger

The Vatican Bank, Christmas Cheer, And FATCA

For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy

Madoff Victims to Get $322 Million in Trustee Payout

Picard has raised much of the cash with lawsuits against former Madoff customers

US firm in $35m settlement over false 'alpha' claim

The SEC accused F-Squared of falsely advertising a successful seven-year track record for AlphaSector.

F-Squared Settles with SEC over False Performance Claims

F-Squared Investments Inc, one of the largest marketers of investment products using exchange-traded funds, has agreed to pay $35 million to settle U.S. regulatory charges that it defrauded investors through false performance advertising.

SEC Charges Corporate Attorney and Wife With Insider Trading on Client’s Confidential Information

The SEC’s investigation, which is continuing, is being conducted by Lance Jasper and Spencer Bendell in the Los Angeles Regional Office.

SEC Charges Corporate Attorney and Wife With Insider Trading on Client’s Confidential Information

The Securities and Exchange Commission today charged a California-based attorney and his wife with insider trading on confidential information obtained from a corporate client.

SEC Charges Two Traders in Chile With Insider Trading

The agency obtained a court order to freeze assets in the U.S. brokerage accounts used to conduct the trading.

Former Advisor Arrested for Stealing Disabled Client's $160K

A former Edward Jones financial advisor allegedly stole more than $160,000 from a disabled client, according to federal authorities.

U.S. Retail Brokers Warn 'Tick Size' Plan to Boost Investor Costs

A plan by the U.S. Securities and Exchange Commission to widen the minimum trading increments of some small-cap stocks to test if that would spur more trading could end up harming mom-and-pop investors

Swiss Bankers in Limbo After U.S. Jury Acquits Ex-UBS Executive

The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.

3 major law firms share their stories on giving back to veterans

Lawyers from Mayer Brown, Sidley Austin and Ogletree Deakins all give back in different ways

Scotiabank Peru to Acquire Citibank's Retail and Commercial Banking Operations in Peru

Scotiabank announced today that its subsidiary in Peru has reached an agreement to acquire the retail and commercial banking operations of Citibank in Peru, subject to regulatory approval.

Legal, Regulation & Compliance