Managers of Wealth Americas

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

Appleby To Sponsor And Speak At Canadin Technology Summit In Bermuda

The aim of the Summit is to align technology initiatives between the governments and businesses in Bermuda and Canada.

Digital Assets: What to Do When the SEC Comes Calling

Below is a series of comments shared by the legal experts that participated in the WSBA/Linklaters forum on SEC investigations.

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

“You would get far more significant penalties from someone who has been in the business and is disappointed in what Wells Fargo has done,” said Thomas Vartanian, a law professor at George Mason University and former OCC official.

State Street partners with alts fintech platform iCapital Network

A strong partner with a solution that addresses the needs of the investor, fund manager and investment advisors and distributors is critical.

RollOnFriday Firm of the Year 2020 results reveal most lawyers are...happy

Over seven and a half thousand people from over 150 firms took part in the Firm of the Year 2020, rating how satisfied they were across six metrics: pay, career development, work/life balance, management, culture, and the office.

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

The OCC also announced charges against five other former senior executives of Wells Fargo and announced settlements with two others in a sweeping case covering alleged misconduct from the early 2000s through October 2016.

New York Responds to TRansition from LIBOR

Given the risks associated with the termination of LIBOR, the Department requires that each regulated institution submits its transition plan to the Department by February 7, 2020.

New York Enacts Zombie Property Law

If foreclosure proceedings have already commenced, file the necessary motions and paperwork to move the case to judgment foreclosure within three months

Federal Reserve Publishes Fintech Risk Management Guidance

The guidance also provides several targeted risk management tips specific to online/mobile banking and fair lending risks

Final Rules Issued On Reviews Of Foreign Investments In The United States – CFIUS

The new rules clarify and revise proposed regulations issued by Treasury last September

Stifel Announces 2020 Partnership With Financial Women’s Association

The FWA partnership will bring even more opportunities for our female associates to collaborate, network, and expand their skillsets while also giving back to the community through mentoring.”

US doctor sentenced to jail over Jersey tax cheat

"The defendant is a highly educated man who knew that the law required him to report all the income"

New York state court rules that exercising an option to redeem a limited partners’ interests in a LIHTC partnership does not trigger a liquidation under the partnership agreement

Commercial Litigation Alert by Author(s): Louis E. Dolan, Jr. , Jamie Lee

Offshore firm hit with $244,000 fine for unregistered trading

The ASC gratefully acknowledges the assistance of the British Virgin Islands Financial Services Commission in this matter.

Legal, Regulation & Compliance