Managers of Wealth Americas

Incoming SJ Berwin senior partner eyes international expansion

Kon - a key negotiator in the Proskauer talks - yesterday reaffirmed the firm’s plans to revisit the opportunity with another firm.

Ex-NY hedge fund head who fled admits $4M swindle

Brian Kim also admitted Friday that he stole hundreds of thousands of dollars from his condominium board and fled to Hong Kong as a trial loomed.

Goldman Employee Was Source of Insider Tips, Gupta’s Lawyer Says

Gary P. Naftalis, a lawyer for Mr. Gupta, said during the hearing that the government has secretly recorded telephone conversations of a Goldman executive tipping off Mr. Rajaratnam to confidential information about Intel and Apple.

Klayman & Toskes continues action against UBS

The Securities Arbitration Law Firm of Klayman & Toskes has announced that it is continuing to pursue securities arbitration claims against UBS Financial Services UBS with the Financial Industry Regulatory Authority's ("FINRA") Office o

Swiss “Tax Evasion Advisers” Hid Assets, Used Kids

Two Swiss men who acted as “full service tax evasion advisers” helped U.S. clients hide hundreds of millions of dollars from tax authorities, while delivering cash in hotels and through a child courier, prosecutors said.

Alcoholics Anonymous Reveals Insider Trading

The U.S. Securities and Exchange Commission says in its complaint that McGee received information about the merger from a Philadelphia Consolidated executive following an AA meeting they both attended.

Duff & Phelps appoints new leader of financial crisis disputes practice

The development follows a series of high-profile engagements in which Duff & Phelps has advised clients on complex, dispute-related matters throughout the recession and ongoing recovery.

Goldman Continues To Fight $20.6M Bayou Award In U.S. Appeals Court

The bank wants the U.S. Court of Appeals for the Second Circuit to toss out the arbitration award, which was confirmed by a federal judge in late 2010. It argues the panelists ignored certain legal principles in deciding the case.

Lawyer for Banks Accuses MBIA Chief of Insider Trading

When MBIA disclosed the restructuring, its stock price popped about 30 percent, rising to $4.51 a share on Feb. 18, 2009, from $3.48 a share a day earlier. Its stock closed at $9.61 on Friday.

US Highways Bill Takes Aim At Tax Havens

The Democrat-led Senate has adopted an amendment, which would provide a range of further measures for the Treasury Department to take against foreign governments and financial institutions that "significantly impede United States tax enforcement&rdqu

US files $25 billion settlement with banks on mortgage abuses

The Department of Justice, in announcing the filing with the U.S. District Court for the District of Columbia, called it "the largest federal-state civil settlement ever obtained."

Dodd-Frank confusion reigns among buy-side asset managers

Rule Financial has announced the results of a study into the impact of the Dodd-Frank Act on the buy and sell-sides.

Morgan Stanley Broker Put on Leave Amid NY Madam Probe

The broker, David Walker, spoke with officials at Morgan Stanley yesterday and characterized his relationship with alleged “Upper East Side madam” Anna Gristina as “social” and said the two were “friends,” according to

SEC obtains asset freeze against Long Island investment adviser

The SEC alleges that Brian Raymond Callahan of Old Westbury, NY, raised more than USD74 million from at least two dozen investors since 2005, promising them their money would be invested in liquid assets.

Morgan Stanley ID's broker as 'madam's' potential mystery investor

The broker, David Walker, works in Morgan Stanley's wealth management unit, sources said.

MF Global Parent Can Restrict Some Information, Judge Says

The first proposal, which limits how a committee of creditors will share information with customers, drew objections from customers who questioned JPMorgan Chase & Co. (JPM)’s role in deciding whether they can access information about missing cu

Ex-Deutsche Staffer Pleads Guilty To Defrauding Firm

Walker and Pfabe pled guilty before U.S. District Judge John F. Keenan and admitted that they conspired together to defraud Deutsche Asset Management and AIG Global Investment.

Former Morgan Stanley Smith Barney trader's $1bn position causes $15m loss

As a result of the May 2009 joint venture of Morgan Stanley with Citigroup’s Smith Barney, Weinryt’s registrations were with Morgan Stanley Smith Barney Holdings LLC (“MSSB”) until his voluntary termination on July 15, 2009.

Knife-Wielding Morgan Stanley Bond Guy: I Was Abducted!

Some facts aren’t under dispute. A taxi driver drove Jennings from New York City to his home in Darien, N.Y. The two men argued about the fare.

US eases pressure on Switzerland over taxes for now

Swiss lawmakers passed a proposal on Monday allowing Switzerland to hand over data on suspected tax evaders, even if U.S. tax authorities cannot identify alleged offenders by name or bank account.

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