Managers of Wealth Americas

Finra Arbitrators Toss YES Claim Against UBS

The claim, allegation, or information is factually impossible or clearly erroneous,” the arbitrators wrote in their ruling.

Commodity Futures Trading Commission

The order finds that, beginning in approximately June 2020, Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as “event markets.

The legal talent war that broke out in 2021 shows no sign of slowing down

“All the soft indicators we look at are suggesting that the current market will continue.”

Russia seeks information on missing ‘bank fraud’ funds from US correspondent banks

The three New York banks are believed to have functioned as correspondent banks “for some of the Ananyev brothers’ fraudulent transfers”

Morgan Stanley agrees to pay $60m to settle data lawsuit

Under the settlement, the customers can receive at least two years of fraud insurance coverage and reimbursement of up to $10,000.

U.S. appeals court revives Libor-rigging claims against banks

The appeals court adopted that theory after U.S. District Judge Naomi Reice Buchwald in Manhattan had dismissed investor claims in 23 separate cases from the decade-old litigation.

SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price

The complaint alleges that when the existing valuation firm refused to cave to Murstein’s pressure to increase the Bank’s valuation, Murstein fired the firm and hired a new firm to provide an inflated valuation of the Bank.

Kardashians’ former business manager Angela Kukawski dies in ‘homicide’ aged 55

The Kardashians’ former business manager Angela ‘Angie’ Kukawski has died in a suspected homicide aged 55.

K&L Gates advises Gorilla Technology Group

In addition, Gorilla provides a complete Security Convergence Platform to government institutions, telecom companies, and private enterprises with network surveillance and cybersecurity.

Soros Firm Looks to UBS for New General Counsel

Andrew Hollenbeck spent a dozen years at UBS AG units

SEC Proposes Rules on Insider Trading, Rule 10b5-1 and Share Repurchases

Notably, these proposals only have a 45-day comment period, which is shorter than the more customary 60- or 90-day comment periods.

Goldman Sachs Will Require U.S. Employees to Get Booster Shots

Goldman's new policies, communicated to staff on Monday, follow a week of rising COVID infections across the United States.

Goldman Sachs will require U.S. employees to get booster shots

Goldman was among the Wall Street banks that have pushed hardest to bring staff back into offices.

Trends in Delaware Litigation that will have an Impact in 2022 and Beyond

Delaware Supreme Court establishes a streamlined demand futility test in derivative cases For years, the Delaware Courts used two different tests to analyze demand futility.

Investors get preliminary approval for $60M settlement over alleged JPMorgan 'spoofing'

If approved, the deal would build on a $920M settlement with the federal government over the investment bank's use of an outlawed trading practice.

Brazil central bank puts brakes on tougher rules for fintechs, sources say

It is unclear why the central bank chose to delay the passing of the regulatory changes but it has left a multi-billion-dollar sector on tenterhooks.

Merrill Fined $950K After Flawed Supervision Allowed Two Brokers to Steal $6M

Although the industry’s self-regulator in 2013 had warned Merrill about problems with its monitoring of customer fund transfers

Ex-Merrill FA Who Sought $7M in Damages Ordered to Pay the Firm $1.4M

Palombo requested $2 million in compensatory damages, $5 million in punitive damages and lawyers’ fees and costs, as well as the nullification of the CTP agreement, according to the award document.

SEC demands US$52.9 million from ex-Vancouver lawyer Fred Sharp after default

U.S. authorities have yet to locate the former lawyer connected to the Panama Papers offshore shell and tax haven leak

Top UK court partly rules in favour of Guaido in Venezuela gold case

The court said a decision last year by the English Court of Appeal to overturn an earlier High Court ruling was "misplaced" as the British government's recognition of Guaido as Venezuela's interim president was "clear and unequivo

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