Managers of Wealth Americas

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.

Banker Beats Israeli Account Tax Fraud Charges At Trial

The acquittal was a setback in the seven-year, U.S. campaign to curtail offshore tax evasion.

U.S. probing Standard Chartered over Dubai banking -sources

U.S. authorities are investigating London-based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe.

Banking tail often wags the Fed’s regulatory dog

Federal Reserve Chair Janet Yellen has her work cut out for her if she hopes to change the culture at the world’s most important central bank.

Hedge fund manager 'disappears' after bank mistakenly wired $1.5 million into his account

Joseph B. Galbraith received $1.5 million from Credit Suisse in January

U.S. SEC wants to distribute $602 mln SAC settlement to victims

Our clients are very gratified by the SEC's decision

Trial of former UBS executive dredges up Swiss banks' shady past

Weil's main defense has been that these efforts were done by people below him

SEC charges Sands Brothers Asset Management with custody rule violations

The U.S. Securities and Exchange Commission charged Sands Brothers Asset Management LLC with custody rule violations for the second time in four years.

Ex-Contrarian Executive Charged With Embezzling Millions

After appearing yesterday in federal court in Bridgeport, Herzing was released on a $5.6 million bond, $2.6 million of which is secured by his home, Deirdre Daly, the U.S. attorney for Connecticut, said in a statement.

SEC charges NJ-based HF manager with insider trading

The SEC has filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter's Inc.

Merrill to Pay FINRA $6 Million Over Reg SHO Violations

Censures and fines involve Merrill's ‘business that clears trades for market makers,’ not Merrill's wealth management business

Managers more serious about compliance

Private equity and hedge fund managers, prodded by their institutional clients, are taking compliance more seriously as federal examiners and enforcers up their game targeting practices they say put investors at a disadvantage.

BofA Mortgage Settlement Stalls Over SEC Political Fight

A final piece of Bank of America Corp's record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission

Rengan Rajaratnam to settle SEC insider trading charges

Former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than USD840,000 and accept securities industry bars in order to settle the Securities and Exchange Comission’s (SEC) insider trading case against him.

Another Hedge Fund Sues Argentina

Last year, Argentine authorities raided a Buenos Aires factory co-owned by Dart founder Kenneth Dart.

Legal, Regulation & Compliance