Managers of Wealth Americas

SEC Announces Charges Against Corporate Insiders

Nearly Three Dozen Charged in Enforcement Initiative to Root Out Repeated Late Filers

Credit Agricole Said to Near Accord in Sanctions Probe

Credit Agricole’s fine could be similar to Commerzbank’s, according to the person. Anne-Sophie Gentil, a spokeswoman for Credit Agricole, declined to comment.

Hedge fund manager accused of bilking investors

The SEC says management fees earned by Archer Advisors were shrinking due to the funds' worsening performance.

Maples Fund Services launches Boston office

Opalesque Industry Update - Maples Fund Services, a leading independent global fund services provider, has opened an office in Boston, significantly expanding its North American presence and solidifying its brand and offering in the US market.

Fed proposes higher capital rule for largest banks

US regulators plan to raise capital requirements for the largest banks above global standards to ensure they do not place the financial system at risk

U.S. regulator would welcome delay of EU clearing rules

The current deadline is December 15, after which new capital requirements kick in

Belize Firm Charged in $500 Million Tax-Evasion Scheme

Five other individuals and six companies are accused of taking part in the plan that involved as many as 100 U.S. clients, according to prosecutors.

Hedge Fund, Brokers Lose Claims Against Lehman: Bankruptcy

Co-underwriters with Lehman Brothers Inc. don’t have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its own securities.

Ex-Foundry executive tipped analyst about deal - U.S. prosecutor

A former executive at Foundry Networks Inc gave an "inside edge" to a hedge fund analyst in 2008 by telling him that the data equipment maker was about to be taken over, a U.S. prosecutor said on Tuesday at the start of an insider trading trial.

BofA Bond Boss Said Stuck in Limbo by Deutsche Bank Delay

Deutsche Bank has been reluctant to give regulators the clearance that Foresti, an 18-year veteran of the firm, needs to start his new job, said the people, who requested anonymity because the process isn’t public.

Avoiding 'Due-Diligence Lite' on Asset Managers

Advisers need to understand what drives managed portfolios of ETFs

ICI Welcomes New SEC Rules on Funds, Asset Managers

FSOC has shifted SIFI focus away from asset management firms and will assess specific products and activities

Government wraps up kickback case against Hingham CEO and his former company

A federal court yesterday entered what's called a final judgment to resolve kickback allegations against a Hingham CEO and the company he led.

Caribbean-Based Investment Advisor Sentenced for Using Offshore Accounts to Launder and Conceal Funds

District Court for the Eastern District of Virginia on March 6, and the indictment was unsealed March 12 after the defendants were arrested in Miami.

Fed's Powell says alternative to Libor needed as soon as practical

Along with the large number of dollar-based contracts, Libor is used as a reference rate for another $150 trillion in contracts denominated in other currencies

Barclays, BofA, Citigroup Sued for ISDAfix Manipulation

The Alaska Electrical Pension Fund sued yesterday in Manhattan federal court, claiming the banks colluded to set ISDAfix at artificial levels that allowed them to manipulate payments to investors in the derivatives.

Morgan Stanley loses lawsuit to overturn $8 million arbitration ruling

The arbitration award effectively restored millions of dollars in deferred compensation that Gupta was forced to forfeit because of the termination.

Former bank executive faces November sentencing

Bailey pleaded guilty last month to conspiracy.

U.S. SEC Charges Houston Advisor With Not Disclosing Fund Payments

The conflict of interest, which was unknown to investors, generated about $440,000 in additional revenue for the firm, the SEC said.

Regulators set rules to ward off bank crisis

The 15 largest banks — those with more than $250 billion in assets — will have to hold enough cash, government bonds and other high-quality assets to fund operations for 30 days

Legal, Regulation & Compliance