Managers of Wealth Americas

Ontario tribunal rules against Arbitrade Bermuda

Arbitrade infamously promised six years ago to create hundreds of Bermuda jobs in setting up its global headquarters here.

Emerging markets in 'wait for Fed' mode as US central bank scales back interest rate cuts

A delayed Fed complicates the outlook for other economies around the world

US regulators at odds over whether to issue new draft of bank capital hikes

A reproposal that includes significant changes can add months to an already lengthy and complex process.

Orion Calls Employees Back to Office With Hybrid Schedules, Earned Flexibility

Relying on unnamed sources, both reported that employees were unhappy with what they perceived as a demand to return to the office

BMA licenses Puerto Rico Parametric Re

Of the 28 new companies licensed so far this year, four are intermediaries, five are Class E life re/insurers

Wells Fargo remote workers fired for feigning to be at work

The remote workers were apparently using mouse jigglers to move a computer’s cursor

Judge paves way to end JPMorgan-Viva Wallet valuation dispute

Under the terms of the bank's investment in Viva, Werealize.com loses the right to reject a JPMorgan takeover offer if the fintech is valued below €5 billion in June 2025.

Bathroom breaks banned by Archegos boss accused of fraud, who reportedly ‘yelled’ at staff for leaving while key stocks were moving

Hwang’s diktat of a toilet ban during important transactions apparently also applied when traders were in their own homes.

TD sues wealth advisers who left for Raymond James

Within a week of Gregg Desmarais’ and Brett Bartkiewicz’s departures, TD lost at least 10 accounts worth more than $22 million, the bank said. But a FINRA disclosure tells a different story.

In Focus: Cybersecurity Defense Gaps

These findings reveal an alarming gap between awareness of cybersecurity risks and the actions put in place to prevent and repel attacks.

Wells Fargo Accused of Aiding Elderly Investor Ponzi Scheme

The companies involved in the scheme used Wells Fargo as their primary bank, lead plaintiff Fanny Millstein alleges.

Former TIAA Trader Sentenced to Nearly 6 Years for $47 Million Insider Trading Scheme

Williams then allegedly acquired or sold the securities ahead of the TIAA trades.

After SEC lawsuit, former Jacksonville investment adviser charged with $2.7 million fraud

The indictment happened almost a year after the U.S. Securities and Exchange Commission

Banking Associations Support Resolution to Overturn SEC's Controversial Crypto Rules

This mandate impedes regulated banking organizations from providing digital asset custody services at scale due to heightened capital and liquidity requirements.

NYDFS issues virtual currency customer service guidance

Consumers have a right to a transparent and timely process for resolving complaints and answering questions

Appleby Advises On RF Acquisition Corp II USD$100M Initial Public Offering

The Company intends to focus its target search on businesses in Asia within the deep technology sector, including artificial intelligence, quantum computing, and biotechnology.

St Kitts PM says he is aware of CBI-related lawsuits

Under the CBI, foreign investors are granted citizenship of the twin island Federation in return for making substantial investments in the socio-economic development of the country.

Ex-Citi banker says she was fired for refusing to give false data to regulator

The lawsuit alleges that Selva wanted to hide information because it would make the bank "look bad."

Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits

Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some of its fintech or bank partners

Important considerations surrounding the FTC ban on noncompete contracts

The new rules will require firms to undergo an exhaustive review of employment contracts and practices regarding talent retention

Legal, Regulation & Compliance