Managers of Wealth Americas

SEC transaction halt highlights unique issues for issuers and investors alike

Concerns include companies claiming the ability to prevent or cure COVID-19 which may result in dramatic increases in value.

SEC’s Suspension of 23 Companies Demonstrates That Whistleblowers Will be the Key to Holding Coronavirus Fraudsters Accountable

This new wave of whistleblowers incentivized by successful reward laws will play a critical role in combatting coronavirus fraudsters.

Shearman & Sterling offers lawyers huge holidays on 30% pay

But given the sizeable wedge earned by Shearman lawyers, it would seem more surprising if there were no takers for six months off work on 33% pay. They will just need no school fees, a small mortgage and a vast library of box sets.

After Slashing Partner Compensation, Biglaw Firm Moves To Stage 2 Of COVID-19 Austerity Measures: Attorney Layoffs (And More)

More cuts at this Am Law 200 firm.

How Project Libra And COVID-19 Drove Digital Dollar Idea In Congress

Facebook became a focal point in the hearing with respect to how much money is made off of individual’s data.

Proxy Advisors Issue Guidance on Executive Pay and Governance Changes Due to COVID-19

ISS policies related to private placement issuances are unchanged.

Old and new rules suggest coronavirus initiatives for private foundations

Discussed below are some situations where existing law creates opportunities for foundations fighting COVID-19.

IRS Issues Relief to Foreigners Stranded in the United States due to Coronavirus

US tax resident status brings with it taxation and reporting of worldwide income, as well as the risk of a potential US tax bill for (otherwise non-US) employer earnings or for foreign, non-US companies controlled by these potential “accidental&

California Pension Fund Board Slams CIO for Selling Off Hedges ahead of Coronavirus Market Downturn

Board members told the Journal that they had not been aware of the shift in investment strategy

Kentucky Teachers’ Fund Suspends Requirement for Notary Signatures

A patchwork of states allows remote witnesses, since in-person regulations have been made inconvenient by social distancing measures.

State Pension 2020: All the changes coming into force next month explained

State Pensions are set to increase by 3.9 per cent - the biggest boost since 2012

Large Korean bank to pay $35 mln fine for violating anti-money laundering law -NY state

Linda Lacewell, superintendent of New York’s Department of Financial Services, said the settlement resolved charges that IBK violated New York’s Bank Secrecy Act and anti-money laundering laws.

Facebook Seals Biggest Deal Since WhatsApp With India’s Ambani

Separately, Facebook said the deal would bring together JioMart, an ecommerce venture of Mukesh Ambani and its WhatsApp platform to enable people to connect with businesses.

No Gain, Lots of Pain

The stock market downturn portends big losses for government pension funds—and billions in new obligations for taxpayers.

CS sued for price rigging worth billions in corporate bonds, report says

The banks are accused of inflating spreads between the prices where they bought and sold odd-lot bonds

Fed policy lays the foundation for gold

With COVID-19 infections and their associated lockdowns ravaging demand across sectors of the US economy

Morningstar to Acquire Sustainalytics

The transaction consideration includes a cash payment at closing of approximately EUR 55 million

Linda Coberly Recognized on Crain’s 2020 List of The 50 Most Powerful Women in Chicago

She is a director and immediate past chair of the Board of Directors for Heartland Alliance

How Goldman Sachs’ Compliance Team Saved the Bank From Bribery Charges

The commission’s statement said, “The firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction and it is not being charged.”

Protecting Business Information During the COVID-19 Pandemic

When employees report to a workplace, the employer has a high level of control over the employees’ access to and use of company information.

Legal, Regulation & Compliance