Managers of Wealth Americas

Wells Fargo Enters Agreement with GTCR and Reverence Capital Partners to Sell Wells Fargo Asset Management

GTCR and Reverence Capital are two respected private equity firms with deep experience investing in the asset management space.

FINRA Bars Former Wells Fargo Broker for Private Securities Transactions

The regulatory agency claimed Scott Wayne Reed failed to get approval from Wells Fargo when soliciting clients to invest in a software company he himself was invested in.

SEC Obtains Final Judgment Against Advisor Who Defrauded Investors of Millions

Last November, James Booth was sentenced to 42 months in prison for conducting a Ponzi-like scheme on investors and was ordered to pay nearly $5 million.

Much Ado About Transparency

Until then, pensions must contend with significant variation with incoming reporting and differences in statutory reporting requirements for their disclosures – differences that potentially create additional burdens on pensions.

JP Morgan issues first non-QM credit risk transfer notes

JPMWM originates prime jumbo loans and offers fixed-rate, adjustable-rate, interest-only mortgages, and Home Equity Line of Credits (HELOCs).

Wells Fargo's Proposal for Overhaul Wins Approval of Fed

In December, the company had said that it still has to work on improving its control systems in order to have the cap lifted.

Proposed Legislation Would Add Biometric Privacy Requirements to New York Law

The proposed legislation, entitled the “Biometric Privacy Act,” would apply to private entities and regulate the collection, storage, retention, and use of biometric information of individual persons and customers.

Mawer Investment Management Ltd. Announces Termination of Mawer Global Bond Fund

Unitholders may redeem or switch their units of the Fund prior to the Termination Date.

J.P. Morgan Chases Another Bank Broker Who Joined LPL

Browne had been working with 323 clients who kept $145 million at JPMorgan, it said.

Higgs & Johnson Extends Global Platform Through Collaboration with Andersen Global

This collaboration strengthens our commitment to our clients’ needs and further equips us to provide best-in-class solutions globally.”

ABA Cautions Against Unilateral Efforts to Reform CRA in Letters to Fed, OCC

The groups urged the OCC to publicly announce that it will coordinate with the Fed and the FDIC on a joint CRA rulemaking

Citibank can't get back $500 million it transferred by mistake - Judge rules

The law usually punishes those who spend money accidentally deposited in their accounts.

Cisco discloses investigation of alleged payments to foreign officials

It said the investigation isn’t expected to have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

Bitcoin to hit fresh highs – but standby for regulator-triggered price swings

His warning comes as central banks and governments around the world ramp up their focus on digital currencies.

The State of Financial Crime 2021

Technology, regulation, and the future of financial crime compliance

American Dream: The European fintechs (hoping to) conquer the US

Is the American dream accessible for European fintechs, or has the pandemic put a spanner in the works?

No let up for law firms from the regulators

Partners and managers at law firms face a constantly shifting regulatory picture from the regulators as Covid-19 continues to make its presence felt both professionally and personally.

BofA Stock price – Bank of America, Citi trim CEOs’ pay

Citigroup noted the “extraordinary effect” on macroeconomic conditions in the US and globally.

Venezuelan tied to epic corruption case funneled millions into secretive Luxembourg companies

These Venezuelan defendants have been charged here because federal investigators have collected evidence showing they used the U.S. banking system and real estate market to hide their allegedly tainted assets.

US Beneficial Owner Disclosure Rule

A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th

Legal, Regulation & Compliance