Managers of Wealth Americas

DOL Proposal Puts Workers First for Retirement Investment Advice

Our proposed exemption strengthens protections for retirement savers while avoiding the problems of the vacated Obama-era fiduciary rule.

World’s Best Sub-Custodian Banks 2020

Subcustodians make cross-border securities investing possible

Hedge fund Bridgewater Associates sued by former co-CEO Murray

The hedge fund said it had no immediate comment on the lawsuit.

Europe’s Economy to Outpace U.S. in Upending of Past Roles

The region has also done a better job of protecting jobs and incomes, at least for now, with furlough programs keeping millions of workers on payrolls.

Burdensome Documentation Requirements Modified Under the Final Section 250 Regulations

The Final Regulations largely relaxed the rules that govern the documentation necessary to satisfy these requirements.

Government Releases Final Regulations on FDII and Gilti Deduction

The Proposed Regulations had required specific documentation to establish that a sale was made to a foreign person and was for a foreign use.

UBS to close U.S. private bank to simplify operations

The firm does not break out the overall headcount into specific geographies.

BREAKING: Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn

As reported, the case relates to bond sales that Goldman Sachs arranged and underwrote for 1MDB, from which the US Justice Department alleges $4.5bn was stolen to which the bank said the charges were "misdirected".

Kentucky sues Blackstone, former KRS execs over fiduciary breaches

The lawsuit is also seeking damages related to "the greatly increased costs to the taxpayers of restoring KRS and its pension plans to properly funded status."

Pension bill seen sparking US$1.3bn Chile equity outflow, but potentially boosting GDP

Earlier in the day on Thursday, President Sebastián Piñera had indicated a decision to veto the bill or challenge it in the courts had not been made, local media reported.

US banks can now offer crypto custody services

Regulator's letter states that nationally chartered financial institutions have permission to hold wallet keys

IFLR1000 recognizes our Banking and Finance team as leaders in financial law

Dentons’ Banking and Finance team operates at the industry’s forefront, working with innovative finance products across the world.

Law Firms Are Shrinking in Size; Coronavirus Only Accelerated It

The survey results highlighted real estate changes already under way in the legal field that the pandemic has only accelerated, according to brokers and other analysts.

SEC proposes significant increase to reporting threshold on Form 13F for institutional investment managers

The SEC added that the proposed new reporting requirement is designed to reflect proportionally the same market value of U.S. equities that $100 million represented in 1975.

$420M N.J. Team Partners With Dynasty To Launch Indy ShoreHaven

He began his career at AllianceBernstein in 2006, where he worked with financial advisors as a senior regional consultant.

FBI says private equity, hedge funds pose huge risk for money laundering

Law enforcement isn't set up to monitor money laundering schemes within hedge funds, leaked FBI documents show

UBS to Pay $10 Million for Violating Rules

The SEC previously brought charges of municipal bond offering “flipping” and retail order period abuses in August 2018, in December 2018, in September 2019, and in April 2020.

SEC Charges Virginia Advisor With Stealing $6 Million From Clients

The SEC's investigation, which is continuing, is being conducted by Eric Kirsch, Jonathan Grant, James Flynn, and Wendy Tepperman.

Goldman Execs in Malaysia for 1MDB Negotiations

Malaysia’s attorney-general, Idrus Harun, will lead the country’s discussions with Goldman Sachs and while both sides undoubtedly hope to reach an agreement, «it depends on what GS is bringing to the table».

ABA Urges Banks to Require Face Coverings in Branches

Nichols noted that this decision was made with the support of ABA’s Executive Committee and in consultation with ABA staff experts on risk management and viral transmission.

Legal, Regulation & Compliance