Managers of Wealth Americas

Hoxton Capital Management gains US Securities & Exchange Commission licence

It has further set up a branch as a state registered investment advisor in New Jersey.

Hightower Receives Official Charter for Hightower National Trust Company

With approval from the U.S. Office of the Comptroller of the Currency, Hightower launches Hightower National Trust Company, offering corporate and administrative personal trust services for Hightower advisors and their clients.

US SEC Issues SAB 121: Accounting for Custody of Crypto-Assets

This Legal Update focuses on who is affected, what the affected entities need to do and when the guidance applies; summarizes Commissioner Hester M. Peirce’s response to the Bulletin; and discusses some practical considerations for affected entities

SEC Proposes Significant New Rules for Private Fund Advisers

While the Proposed Rules are still in the comment period, private fund advisers and investors alike should familiarize themselves now with the many changes that the Proposed Rules would impose.

Sanctions Tracker – U.S. Imposes Broad New Restrictions on Investment in Russia

These new restrictions will likely have a broad impact for U.S. and non-U.S. companies doing business with Russia.

Ex-Bank of America Bankers Are Among 6 Banned by Fed Over COVID Loan Fraud

Autumn Jordan and Manuel F. Pinazo, who previously worked at Merrill Lynch Wealth Management, were among those who applied for assistance under one of the government’s COVID-19 relief programs "based on false and fraudulent representations and

Credit Suisse Announces $100,000 Grant to myFutureNC

This grant is part of Credit Suisse’s Future Skills program, which aims to support initiatives that help close educational and employment gaps for young people, especially disadvantaged, entering adulthood.

A Deeper Dive Into the US Adjustable Interest Rate (LIBOR) Act

As the market begins to consider how the provisions of the LIBOR Act apply to their portfolios, we highlight a couple of recent issues.

Wells Fargo to settle ERISA case for $32.5 million

Participants filed amended complaints in June 2021 and September 2021, in Becker et al. vs. Wells Fargo & Co. et al.

Filing Instructions Released for New US Bank Incident Reporting Requirement

These instructions will assist financial institutions in satisfying their obligations under the new requirements once compliance is required on May 1, 2022.

Utah Enacts Commercial Financing Disclosure Law with a Registration Obligation

Pending New York legislation would add its own licensing obligation to the disclosure obligations for commercial financing of $500,000 or less.

JP Morgan Seized a Russian Superyacht in Gibraltar

The investment bank won a court order that authorized the seizure of a $75 million superyacht owned by Russian billionaire Dmitry Pumpyansky.

No End in Sight Yet for China’s U.S Delisting Fears

According to a statement by the PCAOB last Thursday, talks were still ongoing and it "remains unclear" whether Beijing will "permit and facilitate" auditing access.

President Joe Biden to propose new 20% minimum billionaire tax

Over half the revenue could come from those worth more than $1 billion.

Kingswood U.S. RIAs Consolidate under the Kingswood Wealth Advisors Brand

These changes will allow the firm to create a better, more efficient service model that capitalizes on economies of scale.

Clifford Chance advises HSBC and Standard Chartered Bank on innovative pre-listing liability management transaction by Olam

The Clifford Chance team was required to advise across English, Singapore, EU and US federal securities laws aspects of the transaction.

Legal, Regulation & Compliance