Managers of Wealth Americas

Berkshire Hathaway to Pay $896,000 Civil Penalty for Violating Antitrust Premerger Notification Requirements

Violation Occurred When Berkshire Hathaway Acquired Voting Securities of USG Corporation

Bank of America dinged $17b over sale of securities

The deal is the largest settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure

Barclays to pay $23 million to settle Thornburg lawsuit

Sher claimed Barclays wrongfully shored up its own financial condition in August 2007

PwC fined $25m for hiding bank's sanctions violations

Japan's biggest lender pressured PwC to delete a report on wire transfers the bank submitted to regulators

SEC Releases Hedge Fund Data From Dodd-Frank PF Filings

The SEC has continued to develop the use of Form PF data in its ongoing risk monitoring activities

Standard Chartered fined $300 million over laundering controls

If a bank fails to live up to its commitments, there should be consequences

RBC Hits Back At CFTC In Wash Trading Case

The Royal Bank of Canada returned fire at the Commodity Futures Trading Commission in New York federal court Monday, saying the CFTC’s recent motion for summary judgment

Securities law firm files FINRA Arbitration Claim Against Deutsche Bank Securities

The Glanmore fund invested in United Kingdom real estate and was managed by Tilney, an investment management firm owned by Deutsche Bank. Deutsche Bank recommended and sold the Glanmore fund to wealthy investors in Mexico, Central America, and South Ameri

Banks May See Upside in Small Auditors After PwC Ban

The move could encourage some banks to turn to smaller auditors, who some experts say produce higher quality work and are less expensive.

Bank Overseer PwC Faces Penalty and Sidelining of Regulatory Consulting Unit

The giant consulting firm PricewaterhouseCoopers occupies a position of trust on Wall Street, acting as a shadow regulator of sorts that promises the government an impartial look inside the world’s biggest banks.

Withers launches in San Francisco with lateral hire duo

In line with Withers’ international growth strategy, the office was launched off the back of its existing wealth planning specialism.

SEC Charges Former Bank Executive and Friend With Insider Trading Ahead of Acquisition

The Securities and Exchange Commission charged a former bank executive in Massachusetts and his friend with insider trading

SEC looking into loans made by activist investor

Regulators Look at More Than $9 Million in Loans Made Between Funds Run by Activist Investor

US banks plan ahead for UK exit from EU

Executives at American banks in Europe are reluctant to speak publicly about the issue for fear of upsetting the UK regulators.

SEC commences examinations of liquid alternative funds

The examinations are not believed to be linked to any upcoming enforcement actions although it is increasingly evident that US regulators are seeking to learn more about liquid alternatives amid their rise to prominence over the last few years.

Morgan Stanley to Pay $4.2 Million to Settle Overtime Pay Case

Three client service associates began their federal class action lawsuit in June 2011

NY-Based Brokerage Settles With SEC Over $18M Markup Scheme

These brokers hid the true size of the fees they were collecting by misrepresenting the price at which they had bought or sold securities on behalf of their customers.

BofA expected to write off part of settlement

As Bank of America prepares for a possible multibillion-dollar settlement with the government, the deal is expected to share a feature common to similar settlements with other banks – a big portion that’s tax-deductible as a business expense.

HSBC headquarters in Argentina raided as part of money-laundering probe

The bank claims the documents were destroyed in a fire back in February but officials are investigating the claim.

Tougher Broker-Dealer Rules Needed, Fed's Rosengren Says

The Fed and other regulators have been pushing firms to bulk up their capital to avoid a repetition of the 2008 financial crisis

Legal, Regulation & Compliance