Managers of Wealth Americas

US Appeals Court rules Andy Warhol Foundation violated copyright - its effect on collectors and museums

The Goldsmith case addresses a series of works that Andy Warhol created in 1984 depicting the musician Prince.

Finra Exacts Fines from Merrill, Cambridge Over Product Supervision

The LJM fund’s value plummeted 80% over two days in early February 2018, after brokers in the previous two years sold $18 million of its shares to more than 550 customers

Moelis to Give Young Bankers $10,000 Amid Elevated Workloads

Wall Street’s investment banks and private equity firms are looking to relieve workloads at a time when dealmaking has been elevated.

KPMG Agrees to $10 Million Deal with Female KPMGers In Lengthy Gender Discrimination Case

Nine named plaintiffs led by Donna Kassman filed a motion asking U.S. District Judge Lorna Schofield to approve the deal, which would resolve a hybrid class and collective action that started in 2011.

SEC Charges Pro Athlete Advisor With Fraud

The complaint further alleges that Elstun made unsuitable and risky investments in daily leveraged and/or inverse ETFs that were inconsistent with Elstun's clients' investment objectives and risk tolerances.

Canadian securities regulators outline regulatory framework for compliance for crypto asset trading platforms

“The guidance in our notice details steps platform operators need to take to comply with securities legislation as they prepare to fully integrate into the Canadian regulatory structure,” said Louis Morisset

Wells Fargo plans to bring workers back to office in September

Earlier this month, Goldman Sachs Group Inc Chief Executive Officer David Solomon told the bank's thousands of employees that he hoped to have them working in offices again by this summer.

SEC takes first steps to put in force the Holding Foreign Companies Accountable Act

But disclosure requirements will not be triggered until SEC identifies affected companies, and SEC is not yet addressing the mandated trading prohibitions

SPACs: the M&A craze that shows no sign of slowing

Bubble or not, there are currently more than 400 US SPACs looking for targets

Hogan Lovells launches Corporate & Finance Legal Service Center in Louisville

The LSC currently has a team of five dedicated to providing legal services related to corporate and finance matters.

Bond investors face baffling $2 trillion rainbow of ethical debt

That’s set to change as a market now worth over $2 trillion develops rapidly, and as financial engineers create new ways to brand such debt.

US Federal Reserve Announces New Climate Committee and Provides More Guidance on Its Approach to Addressing Climate Change Risks

The FSCC’s focus on financial stability constitutes the second pillar of the FRB’s climate change framework.

Ray Dalio: The government ‘outlawing bitcoin is a good probability’

Bitcoin, the largest cryptocurrency in terms of market value, has “proven itself” as its blockchain hasn’t been hacked and it has a large following.

SEC ESG Subcommittee panel debates framework for mandatory disclosures

Before the panel convened, each SEC Commissioner highlighted concerns about the existing disclosure framework and calls to revamp the framework to address ESG matters.

1MDB Case Hits Setback as Judge Rules Against U.S. Justice Department

U.S., Malaysia argue Petrosaudi funds tied to money-laundering

Legislating LIBOR: New York State Poised to Enact LIBOR Transition Assistance Law to Facilitate “Tough Legacy” Contract Transition

The ARRC acknowledged this important development in a related press release, describing the legislation as “crucial in minimizing legal uncertainty and adverse economic impacts associated with the transition.”

Legal, Regulation & Compliance