Managers of Wealth Americas

Tesla Tells Federal Judge That SEC Is Harassing Elon Musk, Tesla

In a letter, Tesla lawyers say the regulator hasn’t distributed a $40 million fine from a 2018 settlement to harmed shareholders

The Corporate Transparency Act (CTA) is Coming: Creation of a U.S. National Beneficial Ownership Database

Below is a high-level summary of the requirements of the CTA, including who must comply, what data must be reported, when reports will be due, and what criminal and civil liability could accrue for noncompliance.

Brazil's central bank will transfer $13.86 billion to the Treasury in March

The CMN is Brazil’s highest economic policy body, comprising Economy Minister Paulo Guedes, central bank chief Roberto Campos Neto and special Treasury and Budget secretary Esteves Colnago.

US Treasury's AML report weighs against increased regulations in art market for now

Contrary to what many had expected, however, FinCEN concluded that there is limited evidence of money laundering and little risk of terror financing through the sale of high value art.

Wendy Williams hires ex-husband’s legal counsel for lawsuit against Wells Fargo: ‘I’m sane!’

Wendy Williams seeks legal help from ex-husband Kevin Hunter’s firm in bid to unfreeze funds, prove sanity

FINRA Publishes 2022 Report on Its Examination and Risk Monitoring Program

FINRA adds new topics for 2022 and new material to previously covered topics.

1MDB scandal: US prosecutors allege ex-Goldman banker made millions

"The defendant saw an opportunity to make millions of dollars by cheating, and he took it,"

SEC Charges 12 Additional Financial Firms for Failure to Meet Form CRS Obligations

With today’s actions, the SEC has now charged forty-two financial firms for failing to meet the obligations that are required

SEC Proposes New Rules For Private Fund Advisers

Several of the Proposed Rules will also apply to investment advisers not registered with the SEC, including venture capital fund advisers, smaller private fund advisers and many non-US advisers.

Chinese Exile Guo Wengui Held in Contempt, Must Pay $134 Million

The Lady May made the news in 2020 when Trump ally Steve Bannon was arrested on unrelated federal charges while on board the vessel

Ex-JPMorgan FA Wins $1.4M in Defamation Case

JPMorgan discharged Luckett in June 2017

2022 Banking Regulatory Outlook

Expanding regulations to address new and emerging challenges

Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency

Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchange

Mercator : Key Regulatory Updates from 2021

Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.

Loan growth aggravates risk of a monetary policy mistake

Will January’s negative performance be a precursor to a rockier 2022?

Clifford Chance advises BlackRock on US$300 million financing

A cross-disciplinary team at Clifford Chance advised BlackRock on the finance, insurance, tax and equity aspects of the transaction.

Bank of America CEO's pay rises more than 30% for 2021

Moynihan will receive a base salary of US$1.5 million with the remainder of his pay package comprised of an equity incentive award worth US$30.5 million, according to the filing.

Goodbye easy money as hawkish central banks speed up rate hikes

Rates are rising because policy makers see inflation shock now poses a bigger threat

‘The Maltese Falcoin’: JPMorgan issues critical Bitcoin report

Malta is tax free for crypto investors and exempts capital gains tax and VAT and has implemented several crypto friendly virtual currency legislations.

SEC Survives Initial Challenge in First Enforcement Action Alleging 'Shadow Trading'

The SEC’s focus on shadow trading may mean that the specific prohibitions in a company’s policy may come under greater scrutiny.

Legal, Regulation & Compliance