Managers of Wealth Americas

Invesco Advisers hit with $17.5m SEC fine for misleading ESG claims

SEC claims that Invesco misled clients about portion of company-wide AUM incorporating ESG factors in investment decisions.

U.S. Compliance Acquires Hellman & Associates, Inc.

Creator of Compliance as a Service (CaaS) expands its presence in the Colorado market

S&C Advises Royal Bank of Canada on SEC-Registered Offering of $1 Billion of Limited Recourse Capital Notes

With total assets of C$2 trillion, RBC is the largest Canadian company by market capitalization and serves more than 18 million clients worldwide.

CFPB charges Navy Federal Credit Union $95 million for overdraft and junk fees

Navy Federal would also charge overdraft fees

The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know

Trump was a frequent critic of Powell and the Fed during his first term

CS espionage legacy keeps UBS lawyers busy

This sentence alone makes it clear what a confusing legal legacy the UBS lawyers have to deal with.

After TD Bank’s Record Fine, What Comes Next?

Instead of Heads Rolling, We Need Heads Reflecting on Reparative Action

FINRA Orders RBC To Pay $9.7M In Age Discrimination Case

Cinda Collins alleged her former employer discriminated against her by terminating her after 30+ years because she was nearing retirement.

SEC charges JP Morgan affiliates $151 million

JP Morgan’s conduct across multiple business lines violated various laws designed to protect investors from the risks of self-dealing and conflicts of interest.

FinCEN adopts AML program requirements for SEC RIAs and ERAs

The rule applies to most SEC RIAs and SEC ERAs, with a few exceptions.

CFPB faces lawsuit over new open banking rules in bank pushback

The Bank Policy Institute and Kentucky Bankers Association have filed a lawsuit against the Consumer Financial Protection Bureau, alleging that the regulatory agency overstepped its authority on the release of new open banking rules

ABA continues push for FCC action on illegal texts

ABA’s letter follows a correspondence sent to the FCC last by 52 state bankers associations, which urged the agency to adopt the new rules.

Former OCC heads warn that state rules for national banks are ‘a troubling threat’

Illinois earlier this year enacted a state law barring interchange fees on the tax and tip portion of a debit or credit card transaction in the state.

EF Hutton Announces Withdrawal of Lawsuits by Joseph Rallo and David Boral

Both Mr. Rallo and Mr. Boral are pleased to put their dispute behind them and move forward with confidence that their new, separate business ventures will be successful.

TD Bank Group Announces Resolution of AML Investigations

Working in close cooperation with regulators and authorities; supporting efforts to bring money launderers to justice

TD Bank hit with $3bn in fines over AML failures

TD Bank will pay fines totalling approximately $3.09 billion

Elon Musk’s X pays US$5.2 million in Brazil fines to wrong bank account

The payment was made to settle a dispute with a Brazilian judge who banned the platform in August

Cooley Bolsters Antitrust and Competition Practice With Hire in Washington, DC

Morrison advises clients on antitrust compliance, investigations, and mergers and acquisitions review before federal and state agencies.

Holland & Knight Represents Nomura on a Private Placement of the Colombian Peso Equivalent of $50 Million for Payroll Lending in Colombia

Borrowers receive these loans – known as libranzas – through their employers and make repayments via payroll deductions.

The Fed's soft landing remains 'intact': Strategist

He notes that the market is also showing confidence in a soft landing

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