Managers of Wealth Americas

AllianzGI to pay $6bn as SEC charges firm and portfolio managers with multibillion fraud

AGI US has agreed to pay billions of dollars as part of an integrated, global resolution

Treasury Announces 2022 National Illicit Finance Strategy

Strategy Provides Roadmap to Close Loopholes Exploited by Criminals and Illicit Actors

The FTC at Full Strength: What to Expect Next

The agency’s authority to craft trade regulation rules covering unfair and deceptive trade practices

US tops financial secrecy ranking as G7 countries upend global progress on transparency

The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention

Latham & Watkins Advises Carlyly in US$4.2 Billion Acquisition of Mantech

Multidisciplinary team represents Carlyle in acquisition of mission-focused technology solutions and services provider for US defense, intelligence, and federal civilian agencies.

JPMorgan Chase, five other banks will pay $64mln to settle Singapore rate case

"The terms of the settlements are substantively fair, providing considerable relief to eligible class members in exchange for the complete resolution of the action,"

Family Office Considerations Relating to Partnership Audits

Since Family Offices may be in a position of management, this is a particularly sensitive issue for family office professionals.

Goldman Agrees to Settle Suit

Settlement funds will be used to boost compliance at bank

Goldman Agrees on 1MDB Shareholder Settlement

In 2012, Goldman issued $6.5 billion of 1MDB bonds which generated $600 million in fees.

Legislators and Council of Institutional Investors Voice Support for SEC Cybersecurity Proposal

One commenter cautions that public reporting could unintentionally give criminals access to sensitive information.

They Don’t Know What They are doing

What’s even more intriguing is the fact that two members of the committee voted to leave the policy rates unchanged, while three other members were in favour of raising the rates more substantially.

SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures

The public comment period for the proposed rulemaking "The Enhancement and Standardization of Climate-Related Disclosures for Investors,"

"open banking" rule bogged down by privacy concerns

Such advocates say open banking will make it easier for non-banks like technology companies to compete with traditional financial institutions

Three reasons why odds of US recession are high

A hoped for soft economic landing seems unlikely as the Federal Reserve seeks to restore price stability.

US FinCEN Warns Financial Institutions About Activities of Kleptocracies and Foreign Corruption

This Legal Update summarizes some of the key points that FinCEN highlighted to help financial institutions identify potential indicators of kleptocracies and corrupt foreign public officials.

Credit Suisse sued in U.S. over alleged business related to oligarchs

The law firm alleged disclosure shortcomings around a securitisation deal.

SEC proposes expansive climate-related disclosure rules

Under the new rules, companies would be obligated to present sweeping and detailed climate-related disclosures in their annual reports and registration statements.

Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients

Settlement Structured to Expedite Payment to Bondholders Through Related Bankruptcy Proceeding

Four Charged In Connection With Multi-Billion Dollar Collapse Of Archegos Capital Management

Sung Kook (Bill) Hwang – the Founder and Head of Archegos – and Three Others Charged with Racketeering and Fraud Offenses Related to Market Manipulation Scheme

SEC Proposes Broad Emissions Disclosure Rules

The proposed rules cover information provided to investors related to greenhouse gas emissions and climate change risks

Legal, Regulation & Compliance