Managers of Wealth Americas

Big Banks Face Another Round of U.S. Charges

The Justice Department is preparing a fresh round of attacks on the world’s biggest banks, again questioning Wall Street’s role in a broad array of financial markets.

For helping Feds, Hialeah Ponzi schemer gets his 10-year sentence cut in half

Veteran prosecutor Richard Gregorie recommended Perez's reduction after noting that he “has been cooperating with federal law enforcement officers since prior to his first indictment in June of 2010” on securities fraud, according to a co

Corporate misconduct must no longer be tolerated

Integrity has to be put back at the heart of businesses.

‘Black Diamond’ Ponzi Scheme Leads To Jail For 3 Hedge Fund Managers

Three hedge fund managers have been arrested in connection with a $40 million investment fraud conspiracy

Fox Rothschild enters Texas by acquiring Dallas firm

Texas is a hub for real estate, litigation, energy and corporate work

SEC waives Citigroup hedge fund restrictions

Citigroup Inc. has had restrictions lifted by the Securities and Exchange Commission that will allow the bank to sell investments in hedge funds and private equity funds to its wealthy clients, among other activities.

FBI arrest 2 men for fraud and looting hedge funds

Buckhannon, who was arrested by FBI agents in Henderson Tuesday, pleaded not guilty at an arraignment Wednesday before U.S. Magistrate Judge George Foley. He was released on a personal recognizance bond pending trial.

Hedge Fund Madam Gets Two Years For Drug-Dealing

Davis, who had faced up to five years in prison but who hoped to avoid it, said she began dealing drugs after a four-month stint in prison

SEC Charges Bank of America With Securities Laws Violations in Connection With Regulatory Capital Overstatements

The Securities and Exchange Commission today charged Bank of America Corporation with violating internal controls and recordkeeping provisions of the federal securities laws after it assumed a large portfolio of structured notes and other financial instru

Poker-Playing Hedge Fund Manager Sued Over Premature Bet

If a U.S. regulator has its way, Daniel Shak will soon have more time to focus on gambling at poker tables and none at all to spend betting on derivatives.

Ofac chief seeks to comfort banks on ‘front lines’ of sanctions

The head of a US Treasury office that has handed down a series of large fines against banks for violating economic sanctions, pledged that he is not “looking for a scalp or to raise up a victory flag”.

U.S. SEC's Piwowar Proposes Alternative to Broker Fiduciary Rules

Investment advisers are held to a higher "fiduciary" duty

Barclays Traders Charged in Libor Probe Seek Legal Fees

They said they acted in Barclays’s interest.

Judge allows Citigroup to process Argentine bond payment

A U.S. judge said Friday he would allow Citigroup Inc to process a disputed $5 million payment by Argentina on bonds issued under its local laws following its 2002 default.

U.S. charges ex-Wells Fargo employees with insider trading

The Securities and Exchange Commission today announced insider trading charges against two former Wells Fargo employees involved in an alleged scheme to profit by buying or short selling a stock before research analyst reports were published containing a

Legal, Regulation & Compliance