Managers of Wealth Americas

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.

FinCEN Identifies Red Flags Following Russia Sanctions

In its alert, FinCEN warns that Russian and Belarusian actors may seek to evade sanctions through non-sanctioned financial institutions. In light of this risk, FinCEN encourages financial institutions to look for the following red flags:

Sanctions Tracker – US Russia Sanctions Designations and Gold Transactions Guidance

These designations coincide with President Biden’s diplomatic meetings in Europe and form part of a further set of Russia sanctions actions coordinated between the United States and its allies.

Citizens Financial Group and Investors Bancorp Receive Regulatory Approval for Citizens Acquisition of Investors

Customers will continue to be served through their respective Citizens and Investors branches, websites and mobile applications after close and until systems are converted

Update on US Uyghur Forced Labor Prevention Act

Here is a quick update on what is happening with the Uyghur Forced Labor Prevention Act

Increased Crackdown on Citizenship and Residency by Investment Programs

A breakdown of three recent major developments.

New SEC Climate Disclosure Rule a Major Step Forward

New rule a game-changer for reducing investor climate financial risk and costs

Number of AML fines up, penalty totals down in 2021

The 55 fines issued in 2021 is the highest amount observed by Kroll since 2016, which is as far as its data dates back.

Jonathan Gafni named as one of 2022’s Top Advisors by Foreign Investment Watch

Recognized as a leading global CFIUS lawyer for the third consecutive year

5 instant reactions from KPMG on SEC proposed rules

ESG engagement has been driven by investor demand and CEOs seeking to gain an ESG advantage in the marketplace with talent and customers.

US Enacts LIBOR Transition Law

The law directs the Board of Governors of the Federal Reserve to issue regulations to carry out its mandate within 180 days.

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

Legal, Regulation & Compliance