Managers of Wealth Americas

FINRA Targets Firms' Social Media Activity

FINRA will look at how firms acquire customers through social media, particularly through outside influencers with large online followings.

FinCEN advance notice of proposed rulemaking regarding the antiquities trade

Congress’ move to make the BSA applicable to the antiquities trade stemmed from the concern that the trade may be exploited by money launderers and terrorist financiers to evade detection by law enforcement.

The Fight to Control the $2 Trillion Crypto Market Is Heating Up

Investors are being rattled by volatility as the two biggest economies — the U.S. and China — seek to tighten their grip on Bitcoin and other digital currencies.

U.S. climate change disclosure – What should companies be thinking about?

Sample letter to companies focuses on compliance with SEC’s 2010 climate change disclosure guidance

OFAC Sanctions Cryptocurrency Exchange to Combat Ransomware Payments, Releases New Ransomware Guidance

OFAC simultaneously announced that it was imposing sanctions on Suex OTC, S.R.O. (“SUEX”), a Russia-based cryptocurrency exchange registered in the Czech Republic, for its role in facilitating payments connected with ransomware extortion.

OFAC Issues Updated Ransomware Advisory Emphasizing Reporting to and Cooperation with US Law Enforcement

As we’ve previously discussed, last fall OFAC issued an advisory on the potential sanctions risks for facilitating ransomware payments.

FINRA Fines Ex-Merrill Rep Who Hid Felony Drug Charges

Since he is no longer registered as a broker or advisor, the suspension will be imposed only if he reassociates with a member firm.

US to target cryptocurrency firms involved in ML

The US government is reportedly set to prepare an array of actions, including sanctions to deter cryptocurrency firms getting involved in ransomware and laundering.

US Treasury sanctions crypto exchange for laundering ransom payouts

“Ransomware and cyber-attacks are victimizing businesses large and small across America and are a direct threat to our economy. We will continue to crack down on malicious actors,” said Treasury Secretary Janet L. Yellen.

Baillie Gifford cuts fee on top performing US Growth trust

The US Growth trust has become the latest portfolio in the Baillie Gifford stable to receive a fee cut following a year of outstanding performance.

Tax Reform is Coming: What it Could Mean For You?

The top long-term capital gains rate would be increased from 20% to 25% for taxpayers in the highest ordinary income tax bracket, effective for sales after September 13, 2021

SEC Surpasses $1 Billion in Awards to Whistleblowers with Two Awards Totaling $114 Million

The SEC has awarded approximately $1 billion to 207 individuals since issuing its first award in 2012.

K&L Gates Releases ESG and the Sustainable Economy Handbook

ESG and sustainability are important topics that touch on many aspects of running a business today

Mirabaud's U.S. Political Woes Deepen

It also said that was unaware of Brockman’s real involvement in the accounts held with the bank, as none of these were in his name.

FTI Consulting and Compass Lexecon Professionals Lead Who’s Who Legal Consulting Experts Guide for the Sixth Consecutive Year

FTI Consulting and Compass Lexecon had 152 professionals named to the list.

Legal, Regulation & Compliance