Managers of Wealth

FCA sets out expectations for investment managers on dealing commission Print

Investment managers should only use client dealing commission to pay for substantive research or costs related to executing trades

It’s virtual, but not tax free

Virtual currency is something that can be difficult to wrap your brain around, but if you are using it, make sure that you understand how the IRS views virtual currency.

BlackRock faces lawsuits over “disproportionately large” fees

Powerball-winning Florida adviser with stake in fund accuses firm of breaching fiduciary obligations

UBS backs Switzerland adoption of OECD information exchange deal

The declaration urged countries to implement a new single global standard on automatic exchange of information

Morgan Stanley wealth management fined $5 million for supervisory failures

A Wall Street regulator fined a Morgan Stanley wealth management unit $5 million on Tuesday for supervisory failures related to the sale of shares to retail customers in 83 initial public offerings, including Facebook Inc and Yelp Inc.

Morgan Stanley wealth management fined $5 million for supervisory failures

The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th

National law firm launches Private Wealth offering

The team advises private clients including business owners, entrepreneurs and landowners, as well as institutional trust and estate service providers and charities.

Countries commit to automatic exchange of information in tax matters

More than 60 countries and jurisdictions have now committed to early adoption of the standard, and additional Global Forum members are expected to join this group in the coming months.

Invesco fine heralds new era of regulation, experts say

Invesco Perpetual was hit with the fine for a series of trading and compliance breaches

International law firm expands family practice in Hong Kong

Last year they hired five lawyers

Isle of Man: Anti-Bribery Update: so a policy and a gifts register isn’t enough?

The conversation usually starts with a request to write or review an anti-bribery policy with often the additional question of what limit should be set for gifts and entertainment to be recorded in the gifts register.

UBS announces further plans to modify legal structure

UBS has already announced a series of measures to improve the resolvability of the Group.

U.S., Singapore reach agreement on tax evasion: U.S. Treasury

Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans

Briton arrested in Las Vegas in carbon trading probe

The judicial proceedings are being held in Germany because this is where the defendants are suspected of having committed the fraud.

BlackRock leads protest against OECD tax plan

BlackRock, Fidelity, Robeco and Pioneer have joined forces with asset management groups and fund associations around the world to persuade the OECD to alter tax proposals they believe could harm investors.

U.S. wants Credit Suisse to plead guilty in tax dispute-report

Credit Suisse is one of over a dozen Swiss banks under criminal investigation in the United States

Russia Knows Europe Sanctions Ineffective With Tax Havens

Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe.

Swiss Banks Follow The Money To Panama

Swiss banks have also been casting their net in the Latin American state.

Withers' Family Law team leads the pack in Spear's 2014 Family Lawyer Index

In a new, expanded listing of 50 leading lawyers, Withers still makes the strongest showing in the report.

FCA bans ex-UBS trader for failings related to $2.3 billion losses

The Financial Conduct Authority (FCA) has banned John Christopher Hughes from performing any function

Legal,Regulation,Tax & Compliance