Managers of Wealth

Raymond James Wrongful Discharge Case Is A Minefield For Stockbroker

The FINRA Arbitration Panel dismissed Claimant Pavlovich’s claims.

Canadian version of Libor has ‘potential for manipulation’: IIROC

Canada’s investment industry self-regulatory organization has found that the process for setting Cdor, the Canadian version of Libor, is murky, complex and could be manipulated, but stopped short of making concrete recommendations on how to fix it.

Spain to Apply 21% Value-Added Tax on Fund-Management Fees

The resolution by the Direccion General de Tributos, the tax agency under the Budget Ministry, was dated Jan. 2. That will be its effective date, Bravo said.

The FATCA Model 2 Intergovernmental Agreement

The Model 2 IGA calls for direct foreign financial institution (FFI) reporting to the IRS but with aggregate disclosure of "recalcitrant" account holder data, subject to exchange of information requests by the IRS.

Law firm? Accounting firm? Laird Norton is putting ‘wealth management’ in its name

Seattle’s Laird Norton Tyee has a new name and a new logo

Former Hedge-Fund Consultant Avoids Prison Time After Aiding Insider Probe

A former hedge-fund consultant who worked for an SAC Capital Advisors affiliate avoided prison Wednesday, after prosecutors said he cooperated and "contributed substantially" in the U.S. government's crackdown on insider trading.

UBS Client Pleads Guilty in U.S. Tax Case in Florida

She "pleaded guilty and accepted full responsibility for her actions."

Old Mutual to acquire 22seven?

Many South African banks initially blocked the service from gaining access to client accounts due to alleged security risks.

FSA sends letters to 6,000 advisers with incorrect firm details

The regulator says the content of the letter is the same for every firm but conceded many have received letters with incorrect details.

HMRC makes 640 requests from foreign gov’ts for tax info on individuals

“HMRC has begun investigations into thousands of individuals with overseas assets in the last few years, and will probably have picked off most of the low hanging fruit.”

HSBC N.J. Client Admits Conspiracy in Offshore Tax Case

HSBC’s Geneva-based private bank is one of at least 11 Swiss firms under investigation by U.S. prosecutors investigating offshore tax evasion.

Schroders ditches PwC as auditor

PwC and its predecessor firms had been auditor to Schroders since at least 1959, when it floated on the London Stock Exchange.

UBS Client Pleads Guilty in U.S. Tax Case in Florida

“Mrs. Curran pleaded guilty today and accepted full responsibility for her actions, but there are a significant number of mitigating circumstances in this case,” one of her attorneys, Nathan Hochman, said yesterday.

US officials pledge to respect Swiss law on bank client data

The Alpine country is trying to preserve what is left of its cherished banking secrecy that suffered a severe blow in 2009 when UBS, the first Swiss bank that came under scrutiny in the US, was required to disclose client data.

Fitch: US global tax settlement best option for swiss banks

A global settlement has been pursued by the Swiss government since early 2012.

Rising star of family law made partner at Manches

In May 2012, she was nominated and shortlisted as Family Lawyer of the Year for the Spear’s Young Turk Awards which recognises outstanding individuals from new or less traditional private client firms.

Leading sets prepare for boom year in litigation as The Lawyer reveals 2013's top cases

Banking giants Barclays and Royal Bank of Scotland will both be in the High Court this year defending groundbreaking disputes.

Coutts Wins Bid to Throw Out Employment Claim by Whistle Blower

Judge Hilary Norris threw out the claim at a London employment tribunal today because Martin Woods never worked for the bank and a valid employment contract hadn’t been agreed on.

Convictions upheld in case of Chinese bankers who laundered money in Las Vegas

They were arrested in 2004.

FSA To Sweep Away New Bank Barriers

City regulator will hold a summit to help sweep away obstacles to development of swathe of new high street banks.

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