Managers of Wealth Americas

Aflac Global Investments Announces Strategic Partnership with Varagon Capital Partners, L.P.

Varagon shares our core investment principles, which are grounded in deep fundamental credit research.

Burford Capital: US investors drop class action against Barnett’s nightmare stock

The company also announced management changes, promoting Aviva Will and David Perla to the roles of co-chief operating officers

Proposed Regulations Under Sections 863(B) and 865(E)(2) Revise the Rules for Sourcing Income

Proposed regulations under Sections 863(b) and 865(e)(2) implement changes by TCJA to section 863(b), the primary sourcing provision for income from the sale of inventory produced by a taxpayer without and sold within the United States, or produced by the

Signature Bank and Prime Trust to Align Their Respective Technologies to Better Serve the Institutional Blockchain Industry

Any Signature Bank commercial client participating on the Signet platform has the ability to make instantaneous payments in U.S. dollars, any time without transaction fees.

Swiss bank penalized for undisclosed US accounts

The department imposed a total of more than $1.36 billion in Swiss Bank Program penalties.

‘Hundreds of millions of dollars missing’ from Cayman fund

These “concerns” relate to an alleged discrepancy between sale proceeds from the fund’s investment in an airport infrastructure project in the Philippines, Clark Global City, and the amounts distributed to the limited partners of The Por

SEC Charges Six Individuals In International Microcap Fraud Schemes

The charges here highlight our work with overseas securities regulators to root out players who use microcap markets to take advantage of U.S. investors

Swiss Firm in Panama Papers Charged in Transatlantic Stock Scam

Firm, executives accused of enabling microcap ‘pump-and-dumps’

Faegre Baker Sued by Crypto Fund Manager

The suit against Faegre Daniels alleges the firm advised the plaintiffs that “Crypto Assets are not securities” and to thus structure the fund’s business “accordingly.” The advice was “erroneous,” the complaint sa

SEC Proposes Update to Accredited Investor Definition that Would Make Private Markets Available to More Investors

The proposed amendments would also revise the definition of a “qualified institutional buyer” (QIB) in Rule 144A and expand the list of entities able to qualify as QIBs.

The Costs of Compliance – Expectations for Bending the Cost Curve

A Financial Crime/AML and Compliance Risk Management Leader and Advisor in Banking and Financial Services for more than four decades

FINRA Fines Five Firms Over Custodial Accounts for Minors

FINRA says that between 2014 and 2018, the five firms failed to properly monitor custodial accounts for minors to ensure that assets were transferred to beneficiaries once they came of age.

Regulator Seeks Probe Over Korean Hedge Fund’s U.S. Investment

Lime Asset invested in U.S. fund halted by SEC: Korea’s FSS

Law Firms Accused: A 2019 Roundup of Controversies

Many Big Law firms embroiled in lawsuits this year

Treasury Fails to Add Public Reporting Requirement to 'Roth for the Rich'

With that legislation, Congress identified capital gains tax relief as a carrot to lead investors to buy stakes in economically-neglected U.S. neighborhoods.

Brazil proposes central bank bill for financial companies

Only as a last resort would the government step in and provide a publicly funded bail-out, according to the bill.

Amended FINRA IPO Allocation Rules to Take Effect on January 1, 2020

The amendments take effect on January 1, 2020.

The SEC Proposes Amendments to the Accredited Investor Definition

The SEC’s proposals represent a valiant attempt to strike a balance among these competing views, by recommending sensible but limited modifications that may be helpful in a variety of exempt offerings.

Costa Rica: All foreign entities must comply with the filing before the Registry of Ultimate Beneficial Owners

Should the obligated entities fail to comply with the filing by January 31, 2020, they will be subject to penalties and fines that may cause a negative impact on any and all interests born in Costa Rica.

Further Consolidated Appropriations Act of 2020—A summary and view from SS&C Retirement Solutions

The SECURE Act defines eligible designated beneficiary as a spouse or minor child who is disabled or chronically ill

Legal, Regulation & Compliance