Managers of Wealth Americas

Alberta a new rival for global captive leaders

Since becoming a captive jurisdiction in 2022, Alberta has licensed 17 captive insurance companies and is prepared to welcome more.

New Jersey Enacts Privacy Law

The Privacy Act applies to controllers of personal data that conduct business in New Jersey

US Fines ICBC Over AML, Disclosure Failures

Multiple deficiencies were found at ICBC’s New York branch during its BSA/AML compliance program from 2018 to 2022.

Chipping away at the investor exception? Implications of the YA global case for foreign investors in US private funds

The court held further that all of the fund's earnings during the relevant period—a combination of gains, interest, dividends, and fee income—were "effectively connected" with the fund's US trade or business

Conyers Advises Establishment Labs Holdings Inc. on its US$50m Private Placement

Counsel Nicholas Kuria of Conyers’ BVI office advised on the transaction, working alongside O’Melveny & Myers LLP, New York.

SEC cracks down on J.P. Morgan for whistleblower obstruction

These agreements effectively gagged clients from discussing the settlement details

Holland & Knight Surges to Top of M&A and Private Equity League Table Rankings for 2023

The firm landed in the top five in the United States and top 10 globally, by deal count, for all M&A and private equity transactions, and in the top five for mid-market deals in the U.S.

JPMorgan Asset Management Says Fed Rate Cuts May Top Forecasts

There’s been a huge disconnect in recent months about just how much the Fed is likely to lower its benchmark this year.

SEC approves physical bitcoin ETF in the US

Investors and crypto aficionados hailed the SEC's decision, which comes more than 10 years after Cameron and Tyler Winklevoss first applied to create the funds in 2013.

Mayer Brown adds leading class action and data privacy litigator Anthony Weibell in Northern California

Privacy class actions and internet class action-related litigation are at an all-time high in California and across the country

SpaceX accused of unlawfully firing staff critical of Elon Musk

The complaint also said those involved in the open letter were interrogated before being discharged.

Ex-JPMorgan banker jailed for horrific crash in $100k new Porsche

Zibarras was sentenced to 18 months in jail on December 23rd after a crash in Oxfordshire in January 2023 left a man in his 30s with life changing injuries.

Fund Finance Reporting Requirements Proposed by US Banking Regulators

While banks will not be required to report individual names of obligors, banks and borrowers should understand how they will be affected by the ways that regulators and investors use this new information.

Key takeaways from the SEC’s 2023 enforcement results

SEC distributed $930 million to harmed investors in fiscal year 2023, marking the second consecutive year with more than $900 million in distributions.

The New York Times sues OpenAI, Microsoft over use of its stories used to train chatbots

Artificial intelligence companies scrape information available online, including articles published by media organizations, to train generative AI chatbots.

U.S. fund Ripplewood makes offer to take over Orange Bank-Le Figaro

Ripplewood is also willing to take over Orange Bank's 700 employees, the newspaper said.

White & Case advises Intesa Sanpaolo on US$3 billion notes issuance

The issuance consists of two tranches

Latham Advises on Sterling and Wilson’s Qualified Institutional Placement

Firm represents bookrunning lead managers on issuance by global renewable EPC solutions provider.

US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed

Office of the Comptroller of the Currency

US court approves CFTC settlement against Binance and $2.7 billion penalty

As previously announced, the order finds Binance, at Zhao’s direction, actively solicited customers in the United States

Legal, Regulation & Compliance