Managers of Wealth Americas

SEC Charges Former CEO of ConvergEx Subsidiary

ConvergEx has since shut down trading operations at the Bermuda broker-dealer subsidiary ConvergEx Global Markets Limited.

Arab Bank Plc faces Hamas financing trial in U.S.

About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.

JPMorgan earns victory over Los Angeles in discrimination suit

City alleged that lender “engaged in mortgage discrimination”

Ex-Jefferies Trader Appeals Fraud Conviction

He was sentenced last month to two years in prison and ordered to pay a $1.75 million fine for lying to customers about mortgage-backed securities.

SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks

The promoters reaped more than $2.5 million in illegal profits through their schemes.

Texas tycoons should pay $750 million for fraud, SEC tells judge

A federal jury found the Wylys liable for a system of offshore trusts in the Isle of Man that netted the brothers $553 million in profits through hidden trades between 1992 and 2004 in companies they controlled.

C.Agricole starts sanctions talks with U.S. authorities

The bank said it had sent the results of its internal review to the U.S. authorities.

AIG to settle lawsuit over financial crisis for $960M

The agreement represents one of the largest settlements of a securities fraud lawsuit in the wake of the economic meltdown.

The Hedge Fund Manager On The FBI’s Most Wanted List

Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, is wanted by the FBI for his alleged involvement in a market manipulation scheme designed to artificially improve the performance of eight Cayman I

Wife of banker who illegally made $1M for love child: ‘We all make mistakes’

She stood by her man

Barclays can keep $6bn Lehman assets, court rules

Barclays won court approval to buy much of Lehman's brokerage business four days after the US company filed for the largest bankruptcy in American history

Feds Want Prison For Undisclosed Offshore Accounts, But What's Willful?

The 69-year-old entrepreneur’s lawyers argued successfully that he should get off with probation and community service because of his age and good works.

Client In California Sues Barclays Over Dark Pool

Two months ago, New York Attorney General Eric Schneiderman began an investigation into the bank’s dark pools

US targets German bank over Zimbabwe diamond finances

The United States has placed a German financial institution under strict surveillance for clearing payments for Zimbabwe’s diamonds at the recent Dubai diamond tender, state media reported Sunday.

Ex-UBS broker accused of defrauding elderly in Ponzi scheme

The SEC’s investigation resulted from a broker-dealer examination of the firm

SEC investigated its own 'London Whale' leak

The SEC conducted a dragnet to determine who in the agency allegedly leaked information about a JP Morgan "London Whale" settlement, CNBC has learned.

U.S. judge slaps $1.3 billion fine on Bank of America

The jury found that Countrywide executives deliberately misrepresented the quality of mortgages being sold.

Ex-UBS Banker Weil Seeks Video Testimony From Overseas

Former UBS AG banker Raoul Weil, accused of helping Americans evade taxes, may be allowed to call fellow bankers as witnesses to testify from overseas by video because they fear arrest if they travel to the U.S.

Hedge Fund Prosecution Specialist Joins NY Law Firm

The Chief of the Securities and Commodities Fraud Task Force and the prosecutor who took down Raj Rajaratnam, the billionaire head of the Galleon Group hedge fund, has joined NY law firm Ropes & Gray.

Financial Incentives for Whistleblowers - FCA

This note sets out our agreed conclusions.

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