Managers of Wealth Americas

SFOS Win Regulatory Relief From US Commodities Watchdog

The relief comes after a successful campaign by the Private Investor Coalition for an exemption for single family offices.

JPMorgan Hacking Raises Alarm About Banks’ Cyber Defences

The hacking of JPMorgan has exposed the potential vulnerability of the global financial system to cyberattacks

Mayer Brown promotes 21 to partner worldwide

Mayer Brown, a leading global law firm, announced the promotion of 21 of its lawyers worldwide to partner. The appointments take effect January 1, 2015.

Bank of America granted penalty relief after SEC compromise

The U.S. Securities and Exchange Commission has resolved an impasse over punishing Bank of America Corp. in a mortgage case, clearing the way for the Charlotte lender to complete a $16.7 billion global settlement

AFL-CIO Asks Banks to Explain Payouts to Government-Job Takers

The AFL-CIO, the nation’s largest labor organization, called on seven Wall Street banks to explain why the firms pay additional compensation to some employees who leave for high-ranking government positions.

Houston wealth management firm must pay $3.8 mln to retirees -panel

The decision includes $853,000 in punitive damages

SEC Adopts Rules to Improve Systems Compliance and Integrity

The Securities and Exchange Commission today voted to adopt new rules designed to strengthen the technology infrastructure of the U.S. securities markets.

More Madoff money brings total to $10.3 billion going back to investors

Victims of Bernard Madoff’s Ponzi scheme will split another $500 million, bringing the total recovered to $10.3 billion.

Bank of Tokyo-Mitsubishi fined $315m for 'misleading regulators'

BTMU Pressured its Consultant, PwC, to Remove Key Warnings to Regulators on Bank’s Transactions with Sanctioned Countries, Including Iran, Sudan, Myanmar

Banks chase trading cheats with 'fuzzy' surveillance

Older systems to catch misconduct, still in use at some firms, pick through conversations for trigger words, but they can be easily circumvented.

JPMorgan settles with owners of Texas shale-rights

The trust beneficiaries accused the bank, which was supposedly working on their behalf

Credit Suisse Among Banks in Limbo Over Regulatory Waiver

Wall Street has hit an unexpected stumbling block in its efforts to move beyond government enforcement actions.

Steven Cohen's ex-wife can ask him about insider trading: judge

But the judge denied Patricia Cohen's bid for so-called Wells notices sent to Cohen by the U.S. Securities and Exchange Commission and any responses he provided.

Dodd-Frank - Final rule on risk retention for asset backed securities

Federal regulators published a final risk-retention rule that requires sponsors of securitized financial assets to retain a minimum of 5% of the credit risk unless certain exceptions are met.

Ex-Swiss private banker charged in U.S. for tax scheme

The bank was not identified by name in court papers, but was described as an institution that purported to be the oldest private bank in Zurich.

Linklaters co-US managing partner Norton stands down early

It has emerged that Linklaters’ US co-managing partner Jeff Norton stepped down from his post nine months early, leaving Conrad Tenaglia as sole US managing partner.

The three most common tax traps for US persons moving to the UK - Withers

This article discusses the three most common tax traps that we see on a day-to-day basis when people move to the UK without taking proper tax advice.

Who's afraid of FATCA? by Withers

We are now firmly in the FATCA era and moving on to the post FATCA era.

Linklaters, Clifford Chance among firms advising as banks face record fines following forex probe

Linklaters and Clifford Chance (CC) were among the firms to have been drafted in by some of the world's biggest banks as UK and US regulators imposed fines totalling £2.65bn over the manipulation of foreign exchange markets.

New York Federal Reserve Looks to Expand RRP Repo Counterparties

The statement reads: "Effective today, the New York Fed is accepting applications from firms interested in becoming a counterparty eligible to participate in RRP transactions with the New York Fed.

Legal, Regulation & Compliance