Managers of Wealth Americas

US Enacts LIBOR Transition Law

The LIBOR Act also includes language that modifies benchmark spread adjustments applicable to consumer loans for a one-year period.

Cyber Incident Reporting for Critical Infrastructure Act Signed Into US Law as Part of Omnibus Appropriations Legislation

The legislation also provides a suit dismissal provision associated with the new reporting requirements.

SEC Proposes Amendments That Would Place New Cybersecurity Reporting and Disclosure Requirements on Public Companies

The comment period for this proposal is open to the public until the later of May 9, 2022, or 30 days after publication in the Federal Register.

IG Wealth Management Announces Product Changes to Strengthen Performance and Deliver Enhanced Value to Clients

The proposed changes are expected take effect as of the close of business on or about May 20, 2022

DOJ Accuses Former Trump Fundraiser of $6.8 Million Ponzi Scheme

North Carolina–based David W. Schamens was charged in federal court with wire fraud, securities fraud, and money laundering and could face decades in prison; the SEC also filed charges against him this week.

Conyers advises IHS Markit

Directors Niel Jones and Edward Rance of Conyers Bermuda worked on the matter, supported by associates Karoline Tauschke and Jacari Brimmer-Landy.

New York Chapter of Global M&A Association Appoints Advisory Board Leadership

"I am personally excited to have Bryan Cummings lead ACG New York as President,"

Truist Financial announces CEO change

Rogers has served as CEO of Truist since September 2021, when he transitioned from the role of president and chief operating officer.

CFP Board Suspends Ex-Fidelity FA Over Sexual Assault Charges

Anthony Fallahi’s registration with Fidelity ended in January.

Citi plans 900 hires for commercial bank over next three years

The move comes at a time when the Wall Street institution has been cutting down its international footprint by exiting non-core markets.

JPMorgan Fails In TRO Bid Against Wells Fargo Broker

The bank’s brokerage had sought the TRO and an injunction against Taulant Cela, a 15-year industry veteran who logged nine years at JPMorgan

Harneys advises Citigroup Global Markets and J.P. Morgan Securities

The Harneys team was led by BVI Managing Partner Tanya Cassie-Parker

SEC Reporting Changes: Accelerated Settlement Cycles

These changes are “designed to protect investors, reduce risk, and increase operational efficiency.

US charges Infinity Q founder with billion-dollar valuation fraud

The indictment alleges that the Infinity Q founder mismarked the securities

Ex-Goldman Sachs banker’s 1MDB trial to be paused on new evidence disclosure

Prosecutors reveal ‘inexcusable’ omission of 15,500 documents in second week of Roger Ng’s case

US DOJ Continues to Position Itself as Preeminent Global Enforcement Agency for Virtual Currency and Digital Assets

To the extent one can forecast DOJ’s future enforcement activities from where it chooses to place talent and resources, it looks very clear that virtual currency and digitals assets are likely to remain a top-level priority of the department for som

Brazil prioritises rate hikes and financial stability over growth

In February 2021, the Brazilian parliament approved a law that leaves the central bank’s governor, Roberto Campos Neto, free from the threat of being fired by the government

Allianz sets aside $4bn to cover fund loss lawsuit, PMs exit firm

A portion of the money set aside in the accounts has been used to settle with one of the investors suing the firm over the funds’ performance.

Amazon and Visa agree to end global dispute over credit card fees

Amazon has been piling pressure on Visa to lower its fees

Tesla Tells Federal Judge That SEC Is Harassing Elon Musk, Tesla

In a letter, Tesla lawyers say the regulator hasn’t distributed a $40 million fine from a 2018 settlement to harmed shareholders

Legal, Regulation & Compliance