Managers of Wealth Americas

Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients

Settlement Structured to Expedite Payment to Bondholders Through Related Bankruptcy Proceeding

Four Charged In Connection With Multi-Billion Dollar Collapse Of Archegos Capital Management

Sung Kook (Bill) Hwang – the Founder and Head of Archegos – and Three Others Charged with Racketeering and Fraud Offenses Related to Market Manipulation Scheme

SEC Proposes Broad Emissions Disclosure Rules

The proposed rules cover information provided to investors related to greenhouse gas emissions and climate change risks

Bank of America blocks funds of Russian Consulate General in New York: Russian diplomat

Earlier in the day, Russian Ambassador Anatoly Antonov said that Bank of America closed the accounts of two Russian consulates general in Houston and New York.

Bankers defend fees and fairness

The bankers allege that the bureau has already concluded that the financial services market is not competitive, and that fees are hidden and hurt consumers.

Credit Suisse's U.S. Pension Business Under Threat

Institutions or individuals that manage pensions overseen by the Labor Department are required to get permission to continue operations in the event of certain criminal convictions.

New Laws Targeting Assets of Russian Oligarchs: The U.S. Announces Task Force KleptoCapture and the Kleptocracy Asset Recovery Rewards Program

Task Force KleptoCapture will operate out of the Office of the Deputy Attorney General, but will also include agents and analysts from numerous law enforcement agencies.

US SEC’s Climate Risk Disclosure Proposal Likely to Face Legal Challenges

Though some companies voluntarily report climate-related information, currently there are not any standardized requirements imposed by the SEC.

UBS U.S. Legal Dispute Ends With a Wire Transfer

The officer was fired in 2018, and sued the firm later that year for defamation, initially winning an $11.1 million award following arbitration.

Milbank Advises Silicon Valley Bank in the $190 Million Financing of a US Solar Portfolio

The firm was also recently recognized as “North America Legal Advisor of the Year” by Proximo for the second year in a row

SEC Rule Proposal Seeks to Clarify “Dealer” Definition for Persons Engaging in Liquidity-Providing Activities

Proposed Rules would establish three (3) qualitative standards designed to require registration of market participants who engage in a routine pattern of buying and selling securities

16 charged by US over $194m complex investment scam across 3 continents

All of the investigations received assistance from the SEC’s Office of International Affairs

Former UBS Rep Faces 60 Years in Prison for Stealing Millions

German Nino pleaded guilty to wire fraud in Florida federal court for stealing more than $5 million from clients and spending it on 'romantic partners,' according to the DOJ.

Americans will have to pay price of Fed’s fight against inflation

“There will be pain. I don’t see how the Fed can [fight inflation] without having growth less than potential for some period of time.”

US-Spain cooperation leads to seizure of Russian yacht

US attorney general Merrick B. Garland said the case was the first seizure of a Russia-linked sanctioned individual’s assets and promised that it would “not be the last”.

US SEC Cyber Risk Management Proposed Rules: Analysis for Investment Advisers, Investment Companies, BDCs and Broader Implications for Private Sector

Although the proposed rules remain subject to comment, in many ways they reflect preexisting SEC expectations for how regulated entities should manage cybersecurity risks and report cybersecurity incidents.

NMB Financial Corporation/New Millennium Bank Announces Proposal to Acquire Noah Bank and Potential US Treasury ECIP Investment Into NMB Financial Corporation

The investment by the US Department of Treasury is part of the Federal Government’s response to the COVID-19 pandemic.

Legal, Regulation & Compliance