Managers of Wealth Americas

SEC charges managers for Claymore fund collapse

An SEC investigation found that the Fiduciary/Claymore Dynamic Equity Fund attempted two strategies to enhance returns.

Morgan Stanley Banker Who Pulled Pen Knife on Cab Driver in Dispute Over Pay

However, he was fired about two weeks prior to the ruling for breaching Morgan Stanley's code of conduct, the Wall Street Journal reported.

UBS fined £940m for rigging Libor, fraud and paying bribes

UBS Board of Directors authorizes settlements of LIBOR-related claims with US and UK authorities; Swiss regulator to issue order

Gibson Dunn advises UBS on Libor settlements

City disputes head Philip Rocher led the firm’s team on the UK side, advising the Swiss bank on matters including discussions with the FSA.

Morgan Stanley to pay fine over improprieties in Facebook IPO run-up

The investment bank was the lead underwriter for the IPO and had been accused of improper influence between its bankers and research analysts who cover Facebook.

U.S. Secret Service Bans Certain Gold and Silver Coins On eBay

Email was sent to affected sellers when the systematic removals began.

Former Wells Fargo banker indicted in insider-trading scheme

A federal indictment unsealed today in U.S. District Court charged nine defendants in Charlotte and elsewhere with insider trading and money laundering, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina.

KPMG 2012 Revenues Reach US$23 Billion

The growth in Advisory and Tax underlines the strength of client demand for professional services

Hedge Fund Manager to Pay $44 Million for Illegal Trading in Chinese Bank Stocks

The Securities and Exchange Commission today charged the manager of two New York-based hedge funds with conducting a pair of trading schemes involving Chinese bank stocks and making $16.7 million in illicit profits.

UBS Said to Face Fines of More Than $1 Billion in Libor Probes

The final figures are still being negotiated and could change, three people familiar with the probes said.

Co-Worker Poaching Costs Ex-BlueBay Salesman Bonus Claim

BlueBay canceled Imam-Sadeque’s 2012 stock award

SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset Valuation

Under the securities laws, fund directors are responsible for determining the fair value of fund securities for which market quotations are not readily available.

HSBC to pay $1.9bn in US money laundering penalties

A US Senate investigation said the UK-based bank had been a conduit for "drug kingpins and rogue nations".

A look at money laundering settlements since 2009

Since 2009, several European banks have paid heavy settlements related to allegations they moved money for people or companies on the U.S. sanctions list.

SEC Lifts Restriction on Active ETFs’ Derivativates Use

Active ETFs seek to combine the skill of a manager selecting investments with the trading flexibility, lower fees and tax advantages of ETFs, which typically track an index.

Kazakhstan Wealth Fund Sued in U.S.

The investors claim in a lawsuit in Manhattan federal court that BTA Bank, which isn’t named as a defendant, defrauded them by inducing them to buy debt securities as part of a 2010 restructuring.

US Justice Dept expands probe into Saudi bank licenses

Barclays did not name specific countries in its October disclosure, but in November, responding to a newspaper report, the bank said it did not make any illegal payment to get a Saudi license.

Ex-Deutsche Bank staff say bank hid $12bn losses

Three former Deutsche Bank employees have filed complaints with the US securities regulators claiming the bank failed to recognize up to $12 billion (£7.46 billion) of unrealised losses during the financial crisis.

Morgan Stanley trader did not manipulate market-lawyer

A defense attorney with Akin Gump, said the CME investigation involves a "technical risk management activity" that occurred "in a one-minute period four years ago."

Morgan Stanley trader was probed at Goldman

The incident that led to the Goldman internal inquiry took place the end of 2009 and involved profits Hadden is said to have made ahead of the launch of a new Treasury futures contract introduced by the CME Group in early 2010.

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