Managers of Wealth Americas

Banks Are Poised to Settle With U.S. Regulator in Currency-Rigging Cases

Banks suspected of rigging the $5.3 trillion-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator

Former FDA Official Joins King & Spalding in Washington, D.C.

Quynh has a strong skill set, extensive experience

Jefferies Gets Apology From Banker’s Wife Over Scandal

Christina Kelly, whose rancorous divorce from Jefferies Group LLC investment banker Sage Kelly has inflamed New York’s tabloids, issued a statement praising him as a “great father” and apologizing to the firm as the pair reached a tentat

U.S. banks closing Mexicans' accounts

Efforts to combat money laundering hurting established businesses in Tijuana

JPMorgan Deal Unusual Amid U.S. Banks' Russia Skittishness

When JPMorgan Chase & Co agreed to lead a $700 million bond offering for Russian natural gas producer Gazprom, it was doing business that some U.S. banks are afraid to do, several lawyers and a banker said.

Almost nobody cares when the government mistreats giant banks

Regulators and giant banks agree to ignore contractual rights.

Offshore fraud cost likely to mount for Wyly

Mr Wyly, 80, who last appeared on Forbes’ list of the 400 richest Americans in 2010 with a net worth of $1bn, is responsible for about two-thirds of damages and has filed for bankruptcy, saying he cannot afford the SEC’s claim as well as poten

Did This Manhattan Firm Help Shield a Russian Bank From Sanctions?

A Manhattan PR firm run by a former journalist was hired to help burnish the image of a $10 billion Russian investment fund, an arm of a state-owned bank targeted by sanctions over the invasion of Crimea.

TV magnate plunks down $1.5M in dicey deal

The crime-TV magnate invested $1.5 million in an April 9 preferred-stock offering organized by Weiner that raised a total of $6 million for DigiPath, a Las Vegas-based provider of lab-testing and pot-education services, sources said.

U.S. SEC Denies BATS Request to List 'Non-Transparent' ETFs

U.S. regulators rejected a proposal from BATS Global Markets that would allow it to list and trade actively managed exchange-traded funds that do not have to disclose their holdings on a daily basis.

SEC seeks to slash former billionaire’s lavish lifestyle

The Securities and Exchange Commission is trying to slash former billionaire Samuel Wyly’s “lavish” spending after his assets were frozen, telling a bankruptcy judge that the investor is planning a spree.

Bank of America puts aside $400m to pay potential fines

Bank of America has set aside $400 million to cover litigation costs related to an inquiry into the bank's foreign exchange business.

Cry of Protest From MetLife Signals Right Direction for Regulators

The argument in favor of heightened regulation of MetLife is the American International Group, the giant insurer that had to be bailed out by the taxpayers to the tune of $185 billion.

SAC's Martoma wins delay of nine-year insider trading prison term

The decision came after Martoma, 40, hired a prominent lawyer, Paul Clement, to urge the court to consider his bail request after U.S. District Judge Paul Gardephe in Manhattan rejected a similar motion last month.

Schwab sues ex-advisers, RIA over “conspiracy”

Firm accuses Camelot Wealth Management of unlawful practices in hiring of two former Schwab advisers

Jury acquits former UBS executive in IRS offshore tax evasion probe

Jury acquits ex-UBS exec in IRS probe

Jefferies’s ‘Scrappy’ Style Challenges Wall Street Norms

In the clubby world of Wall Street, Jefferies Group LLC is the aggressive upstart that relishes taking on the bigger, more established firms by following its own rules.

JP Morgan faces US currency trading probe

JP Morgan Chase, the largest bank in the US, has revealed it is under investigation over currency trading.

CalPERS gets $249 million in Bank of America mortgage settlement

With the Bank of America settlement, the California Public Employees’ Retirement System said it has now recovered more than $500 million from its investments in bad mortgage securities.

Ropes & Gray Names 20 New Partners in Eight Offices Worldwide

Ropes & Gray proudly announces that 20 attorneys have been named partners of the firm, effective November 1. In addition, the firm named two attorneys as counsel.

Legal, Regulation & Compliance