Managers of Wealth Americas

Credit Suisse Wins $3.5 Mln from U.S. Brokers Who Claimed Hiring Fraud

The interest, which continues to accumulate until the award is paid, was set at a default rate of more than 5%, according to a Credit Suisse official.

Richardson GMP and Cormark Securities Announce Strategic Alliance

"Together, we have the scale, expertise and depth of talent to become the top choice for Canadians looking for independent firms to meet their wealth management and investment banking needs," added Mr. Marsh.

France and New York ink fintech MoU

This will foster collaboration to support cross-border fintech developments, providing entrepreneurs speed to market opportunities in New York and France, while upholding robust consumer protection.

US banking regulator seeks public input on digital currencies, DLT

This public input will help the agency as it updates its policies for national banks and federal savings associations.

Whistleblower receives largest-ever award (nearly $50M) in currency scheme

Whistleblower Program Reaches $500 Million in Total Awards

Petra Capital Partners Completes Fundraising on $208 Million Petra Growth Fund IV

Petra is also pleased to announce that the fund has already closed on two new investments.

Partners Group welcomes guidance from US Department of Labor on inclusion of private equity in defined contribution pension plans

Partners Group's private equity offering for the US DC market is designed to be adopted by professionally-managed or advised DC plans and incorporated in structures such as target-date funds.

US Litigation Funder Validity Finance Establishes Office in Israel

Israel's litigation funding sector has grown in the past year, with U.K. and U.S. funders setting up in the region.

Banks Took $11 Billion in Overdraft Fees in 2019, Group Says

More than 80 percent of the fees were paid by just 9 percent of account holders, according to the Center for Responsible Lending.

The Time to Review Tax Sharing Agreements Is Now: Effects of the CARES Act and Rodriguez v. FDIC

Depending on when a TSA was last reviewed, it may contemplate any of those prior regimes.

Apollon Wealth Management Partners with Chicago-based Podesta Capital Advisors

In addition, the new partnership will enable Apollon to offer its clients access to Podesta’s proprietary stock analysis and investment modeling.

Curbing money laundering

SCB agreed to settle OFAC’s claim for $132m regarding 911 transactions worth around $133m to or through the United States in violation of Iranian Transactions and Sanctions Regulations (ITSR).

NetCents Technology Provides Audit Update

The Company has used these audit extensions to test and confirm internal controls for its third-party auditors.

COVID-19 and Club Deals: An Alternative to Debt Financing for Acquirors

An acquiror must be sensitive to these issues and consult with antitrust counsel early in the process to address any potential concerns.

Scotiabank completes sale of British Virgin Islands operations

Scotiabank completes sale of its operations in the British Virgin Islands to Republic Financial Holdings Limited May 30, 2020

Bahamas broker to appear before SEC over illegal US operation

He illegally operated as a broker-dealer in the US by soliciting customers in the country by advertising Gibraltar’s brokerage services despite not being registered.

U.S. judge orders 15 banks to face big investors' currency rigging lawsuit

The banks countered that the plaintiffs pointed to no transactions where the alleged manipulation caused losses.

Whistleblower Rewards in the Age of COVID-19

The Group is calling on officials to expand upon the reward programs Canada recently put in place.

A clampdown on corporate tax avoidance is coming. Companies should embrace it

In the U.K., for instance, the forecasts already predict the national deficit could rise from 55 billion pounds to 337 billion pounds (around $67 billion to $410 billion) by the end of this year.

UBS team managing $330 million forms RIA

Three advisers form TriaGen Wealth Management in Calabasas, Calif.

Legal, Regulation & Compliance