Managers of Wealth Americas

Barclays Faces US Fine From Regulators Over Power Price Manipulation Charges

Scandal-hit UK bank to face $470m penalty and a handover from Ferc for allegedly manipulating electricity prices in California

HSBC unit takes fraud hit

The lender had earlier agreed to pay US$484 million in fines to settle claims lodged by more than a dozen state

SEC Sees Flaws in new Treasury Asset Manager report: sources

Federal securities regulators had warned of flaws in a U.S.

Shepherd Smith Edwards & Kantas LLP Continues Investigating Claims Involving UBS Proprietary Puerto Rico Bond Funds

UBS, the single largest and most influential brokerage firm in Puerto Rico, has recently begun to see devastating losses in many of its clients' accounts as a result of its proprietary bond funds.

Jefferies Ordered to Pay Ex-Employee's Costs in Fraud Case

Jefferies & Co. was ordered to pay expenses including legal fees of Jesse C. Litvak, a former Stamford-based managing director accused of defrauding customers on trades of mortgage-backed securities.

Controversial judge to play huge role in JPMorgan settlement

Judge Denise Cote doesn't conjure up a lot of warm and fuzzy feelings in Wall Street legal circles.

SEC Final Rules on General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings

The Jumpstart Our Business Startups Act 2012 required the SEC to amend its Rule 506 to permit general solicitation and general advertising in certain securities offerings

Creation of new global force in legal sector – one year on

October 1 2013 marks the first-year anniversary of Herbert Smith Freehills following last year's landmark full-equity merger, which was one of the largest ever in the legal sector.

J.P. Morgan lawsuit costs are growing, while Bank of America’s may be headed other way

The bank is aware that the cost is almost certainly mounting.

Algosaibi Strikes Deal With Fugitive Banker

AHAB announced yesterday that it had reached a settlement with American citizen Glenn Stewart

Report: Spain Will Likely Extradite The JP Morgan Trader Connected To The London Whale Debacle

Another day, another legal headline for JP Morgan.

Prominent REIT Lawyer Joins Global law firm as Partner

He advises both publicly-traded and non-listed REITs in equity and debt offerings, merger and acquisition transactions and internalization transactions.

Red Flags Rules Simplified - Pershing

Certain SEC-regulated entities are required to establish programs that detect and respond to red flags of identity theft.

Billionaire Mark Cuban Heads To Trial For Insider-Trading Case

With the Dallas Mavericks' season-opening game still a month away, the basketball team's outspoken owner, Mark Cuban, will be seeing a different kind of court this week.

Bank of America to pay US$2.2m in race bias case

We actively promote an environment where all employees have the opportunity to succeed

Jefferies to pay $7 Mln in Auction-Rate Securities Arbitration

Auction-rate securities were sold by financial firms as highly-liquid short-term instruments similar to money-market funds but with slightly higher returns.

Madoff accountant, 77, charged with aiding Ponzi scheme

A former accountant for Bernard Madoff has been indicted on charges he helped the convicted swindler defraud thousands of customers in the Ponzi scheme masterminded by Madoff, nearly five years after the fraud was uncovered.

The Fed’s Silence a Concern For Banks

The future of Goldman Sachs’ and Morgan Stanley’s commodity businesses faces even greater uncertainty after a key deadline

ICAP Hit With Big Fines Over LIBOR-Fixing Scandal

This fine comes alongside action from the United Kingdom’s Financial Conduct Authorit

Through Equity Trust Company, Complaints About Roth IRAs Rebutted

Though the Roth IRA was created to make it easier for individuals to save for retirement, complaints remain.

Legal, Regulation & Compliance