Managers of Wealth Americas

Morgan Stanley Sued Over Website Access by Blind Woman

The case is at least the second filed against Morgan Stanley in the past two years

SEC proposes amendments to Regulation S-K disclosure requirements

The proposed amendments are intended to further the commission’s goals of reducing burdens on registrants and enhancing readability without compromising material information available to investors.

Cryptocurrency supporters welcome more regulation

Cyptoasset-focused stakeholders have formed groups in recent years to raise industry standards

Cybersecurity and Resiliency Observations

As markets, market participants, and their vendors have increasingly relied on technology, including digital connections and systems, cybersecurity risk management has become essential.

ABN AMRO Clearing Chicago Charged With Improper Handling of ADRs

The SEC’s order finds that ABN AMRO improperly borrowed pre-released ADRs from other brokers when it should have known that those brokers did not own the foreign shares needed to support those ADRs.

Axiom Announces Strategic Acquisition of Bliss Lawyers

Acquisition expands Axiom’s already extensive network of legal talent; provides Bliss clients and lawyers access to Axiom’s global reach and technology platform

SSGA to get tough with boards lagging on ESG

R-Factor generates ESG scores for more than 6,000 listed companies globally

Singapore and US reach agreement on financial data sharing

Ensuring that financial service suppliers can transfer data, including personal information, across borders by electronic means if this activity is for the conduct of the business of a financial service supplier.

M&T Bank Designated as a Best Place to Work for LGBTQ Equality

Achieves 100 percent score in 2020 Corporate Equality Index

U.S., Jersey sign $300 mln Abacha loot repatriation deal with Nigeria

The governments of Nigeria, Jersey and the United States said in a statement they had entered into an asset recovery agreement to repatriate forfeited assets to Nigeria.

Ogier advises consortium on financing of $3.4 Billion Take Private of Inmarsat

Ogier's Guernsey team included partner Christopher Jones, managing associate Paul Chanter and associate Jonathan Branch, who advised on Guernsey law aspects of the transaction.

Wells Fargo Lays off Wholesalers in Asset Management Arm

The decision to restructure the wealth client group represents a first step in this effort.

Central banks pool brainpower on digital currencies

The group will be co-chaired by the BoE’s deputy governor, Jon Cunliffe, and former ECB executive and recently appointed head of the newly formed BIS Innovation HUB, Benoît Cœuré.

IRS steps up fight against abusive micro-captive transactions

According to the IRS, nearly 80 percent of taxpayers who received its settlement offer elected to accept it.

Citi partners with Invesco’s Jemstep to launch robo-adviser

Citi Wealth Builder will be free for clients with at least $50,000 at the bank

Secure Act’s big impact on affluent clients

The massive changes to the rules around retirement savings are creating opportunities for advisers

5 policy hurdles thwarting federal regulators’ fintech ambitions

To protect financial consumers, “there's an increasing awareness, all over the world, that modernizing the regulatory infrastructure itself and bringing better tech into it is going to be key,” Jo Ann Barefoot

JPMorgan layoff continues: Bank to cut hundreds of jobs across consumer unit

At JPMorgan, the cuts are part of a broader review of operations as customers increasingly access banking services through mobile phones or digital platforms.

Securities Fraud Whistleblowers Rewarded for Assisting SEC

The second whistleblower, a harmed investor, provided vital information to the Commission that resulted in the recovery of victims’ assets. This whistleblower received a $45,000 award.

Investors Support California Act to Protect Forests Introduced Today

Domini Leads Investors Representing Over $440 billion to Support California Act

Legal, Regulation & Compliance