Managers of Wealth Americas

Am Law 200 Firm Asks Associates To Make ‘Temporary Financial Sacrifice’

Associates will take a 20 percent cut.

JPMorgan Chase Drops Out of Bidding for Wealth Manager

This includes $50 million in a Series F round led by IGM Financial in February 2019.

SEC Obtains Receiver Over Florida Investment Adviser Charged With Fraud

The complaint charges TCA and TCA-GP with violating the antifraud provisions of the federal securities laws, and seeks permanent injunctions, disgorgement of allegedly ill-gotten gains with prejudgment interest, and financial penalties.

U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case

The Justice Department and SEC have not said publicly why the RBS settlement was deemed ineligible. The SEC declined to comment while the Justice Department did not immediately provide comment

SEC sues Florida investment firm over alleged inflated portfolio value

The SEC suit, filed Monday, contends TCA overstated its funds' values by over $150 million as of last fall. TCA was cited in a January NBC News report.

Magic Circle Firm Suspends Partner Distributions And Freezes Attorney Pay

Freshfields is also considering optional reduced hours for employees that want that flexibility.

Hidden defaults set to soar as recession squeezes companies

Rating firms predict that more companies will pursue distressed debt exchanges

Incitec in big raising to cut debt

With net debt of almost A$1.9 billion, and global economic uncertainties high, explosives and fertiliser concern Incitec Pivot has decided to take pre-emptive action to strengthen its balance sheet and raise up to $675 million.

Bringing the workforce back: Guidance from the EEOC regarding high-risk employees

This guidance, however, was quickly retracted by the EEOC when it believed its guidance was being misinterpreted as allowing employers to act against an employee simply because they have one of the conditions listed by the CDC.

One Of The Top 40 Largest Law Firms In The Country Is Cutting Associate Salaries

There's a little twist of the knife on these salary cuts.

How employers can continue to protect confidential information and trade secrets with a remote workforce

Such steps will continue to serve businesses well even after the worst of COVID-19 has passed.

Filing Fees Now Required for Certain CFIUS Filings

Filing fees are required when filing a formal notice, i.e., when deal parties either file a formal notice for a transaction subject to mandatory filing requirements

Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies

This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.

Litigating Lending Agreements During and in the Aftermath of a Pandemic

As the effects of COVID-19 continue to weigh down the economy, parties may seek to renegotiate their deal.

Activist investor hedge fund reportedly financing Eko lawsuit against Quibi over Turnstyle feature

The Wall Street Journal reports Elliott Management would get a stake in Eko

America’s Largest Banks Sued By Small Businesses Over Stimulus Application Denials

Via America’s Lawyer: RT correspondent Brigida Santos joins Mike Papantonio to outline lawsuits against big banks like Wells Fargo who have been doling out business loans to their wealthier clients rather than smaller businesses who the federal fund

New House committee on coronavirus may shift investigatory landscape for federal fund recipients

This Committee’s creation suggests that a number of CARES Act fund recipients may be facing their most visible oversight from a congressional inquiry rather than from an agency enforcement proceeding.

Activist investor hedge fund reportedly financing Eko lawsuit against Quibi over Turnstyle feature

The Wall Street Journal reports Elliott Management would get a stake in Eko

American Bank Global Powerhouses Focusing on the Domestic Market First

Pressure and opportunity combine to bring large banks home

LPL to Acquire $1.5B Wealth Management Practice

The deal is structured as an asset purchase agreement that includes both a payment at closing and potential contingent payments.

Legal, Regulation & Compliance