Managers of Wealth Americas

SAC’s Steinberg sentenced as insider probe winds down

The sentencing caps one of the biggest victories for prosecutors who spent seven years investigating the firm and its boss, Steven A. Cohen.

US prosecutors drop two more charges against Rajaratnam's brother

It was not immediately clear why prosecutors decided to abandon the additional counts

The rich are going to be heavily impacted by ongonig regulatory change

An international law firm network has canvassed its members to see what trends are predicted for the next 20 years.

Former UBS bankers denied new trial in muni bid-rigging case

A federal U.S. judge on Thursday denied a request for a new trial made by three former UBS AG bankers who were convicted of rigging bids to invest municipal bond proceeds.

Former Merrill Lynch securities broker among two in South Florida fined, suspended

FINRA said Imbertson placed hundreds of unauthorized trades on accounts

SEC Charges Rafferty Capital Markets With Illegally Facilitating Trades for Unregistered Firm

The Securities and Exchange Commission today charged New York-based Rafferty Capital Markets with illegally facilitating trades for another firm that wasn’t registered as a broker-dealer as required under the federal securities laws.

Regulators scrutinize financial risk-modeling firms

The document did not describe why staffers chose to highlight BlackRock Solutions

Citigroup Fires 11 More People Amid Probe of Banamex

Citigroup Inc., the U.S. bank investigating a $400 million loan fraud at its Mexico unit, fired 11 people for failing to prevent or discover the wrongdoing and said more will face punishment.

US prosecutors take harder line against European banks

The US Justice Department is seeking tough criminal penalties against European giants Credit Suisse and BNP Paribas as prosecutors aim to demonstrate that no institution is "too big to jail."

SEC Charges Unregistered Securities Salesman for Selling Millions of Dollars in Oil-and-Gas Investments

The Securities and Exchange Commission today charged a Tiburon, Calif.-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered with the SEC as a broker-dealer or associated with a registered broker-dea

Sam and Charles Wyly Found Liable In Civil Fraud Case

The Securities and Exchange Commission scored a victory on Monday as a jury said the wealthy Wyly brothers committed civil fraud using a complex web of offshore trusts to hide stock sales and reap $550 million in profits.

SEC Charges Three Sales Managers With Insider Trading Ahead of Major Acquisition

The SEC’s investigation was conducted by Janet Weissman and Alka N. Patel of the Los Angeles Regional Office

Communication and transparency in the conduct of monetary policy by Charles Plosser, CEO, Federal Reserve Bank of Philadelphia

President Plosser believes that the Federal Reserve Board staff's model, called FRB/US, seems to be a reasonable starting point for providing economic forecasts based on those rule-based policies.

US regulator will hear appeal on 'Big 4' Chinese affiliates

The firms argued they were trapped between US law

U.S. Advances Offensive on Use of Swiss Insurance to Hide Assets

The NPA applies only to the four specific entities that are party to it and does not apply to any other subsidiaries of swisspartners Investment Network AG or any individuals.

Morgan Stanley fined $5 million over retail sales of 83 IPOs

The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th

Legal, Regulation & Compliance