Managers of Wealth Americas

Brand New Litigation Boutique Is Already Beating Cravath On Bonuses

Wow, the firm isn't even a year old yet. Great work!

The U.S. Should Stop Helping Criminals Hide Money

Requiring companies to reveal their true owners would be a step in the right direction.

JPMorgan was losing bidder in $7bn battle for asset manager Eaton Vance

Revelation underscores competition among banks to bolster investment management divisions

In Final 2020 Meeting, Fed Looks to Bridge the Gap

Hints about new criteria, or even the pre-conditions for deviation from existing policy, will have implications for investors.

US Federal Reserve Joins the Network of Central Banks and Supervisors for the Greening of the Financial System

This action appears to anticipate the incoming Biden administration’s stated intention to rejoin the Paris Agreement, since the purpose of the Network is to:

SEC slaps former Argo boss Watson with fine for misrepresenting pay

The SEC said the money from the fine will be transferred to the general fund of the US Treasury.

Northern Trust Renews Partnership with Wharton Global Family Alliance

Three-year extension to include collaborative research on multi-generational families and their businesses December 10, 2020 10:00 AM Eastern Standard Time CHICAGO--(BUSINESS WIRE)--Northern Trust, a leading provider of wealth management services, a

Facebook faces multiple US lawsuits that could force sale of Instagram, WhatsApp

The lawsuits highlight the growing bipartisan consensus to hold Big Tech accountable for its business practices and mark a rare moment of agreement between the Trump administration and Democrats, some of whom have advocated breaking up both Google and Fac

US Cryptocurrency Creator Faces Criminal Tax Evasion Charges

Elmaani is charged with two counts of tax evasion, each of which carries a maximum sentence of five years in prison.

SEC shakes up market data rules

The adopted rules also update the method by which NMS market data is consolidated and disseminated, by fostering a competitive environment and providing for a new decentralized model that promises reduced latency and other new efficiencies.

Geneos Wealth Management Continues Successful Legacy as Privately held, Family-operated Financial Services Firm

Having executed a successful internal buyout, the firm is well positioned to continue its growth strategy with the now re-structured senior management team and reiterate its commitment to its advisors and the industry to remain a privately held company.

Millennial and Gen Z Employees Expect to Postpone Retirement Due to Pandemic

76% of Gen Z and 62% of Millennials believe that having a financial advisor is worth the cost

SEC’s OCIE Publishes Risk Alerts on Examination Observations

The risk alert covers a fairly comprehensive set of compliance program deficiencies the OCIE staff has identified in a sample of deficiency letters from recent adviser examinations.

Fraud and Financial Crime Reduction in Banking with AI

This consolidated, wide range of data will constantly be at peril from fraudsters and cybercriminals.

Citigroup Partners with Central Banks to Build CBDCs, CEO Reveals

The banking veteran, who took over at the helm in 2012, didn’t reveal the specific governments the bank was working with.

U.S. Anti-Money-Laundering Measure Poised to Clear Congress

But the Chamber has dropped its opposition and now supports the measure as lawmakers addressed the group’s privacy concerns.

FINRA Suspends Ex-Morgan Stanley Rep Who Took Client Info to New Firm

The rep was suspended for 10 days and fined $5,000 for alleged actions when leaving to join Raymond James.

Sweeping financial crimes bill to hitch a ride on defense measure

Warner, who authored the Senate version of the legislation, applauded the inclusion of it in this year’s NDAA.

Walkers Advises Duddell Street Acquisition Corp. on the Listing of its US$175 Million SPAC

Cayman Islands partner Andrew Barker, Hong Kong partner Jo Lit and Legal Manager Kevin Ho advised the company on the Cayman Islands law aspects

Nasdaq to Advance Diversity through New Proposed Listing Requirements

Companies listed on the Nasdaq Global Select Market and Nasdaq Global Market will be expected to have two diverse directors within four years of the SEC’s approval of the listing rule.

Legal, Regulation & Compliance