Legal http://wealthmanagement.com/taxonomy/term/23641/more en Boy Meets Girl, Boy Gives Inside Information to Girl, SEC Says http://wealthmanagement.com/industry/boy-meets-girl-boy-gives-inside-information-girl-sec-says <div class="field-byline"> Christian Berthelsen </div> <div class="node-body article-body">The U.S. Securities and Exchange Commission accused a millennial boyfriend-and-girlfriend couple of trading on inside information about Apollo Global Management LLC’s purchase of ADT Corp earlier this year.</div> <p><a href="http://wealthmanagement.com/industry/boy-meets-girl-boy-gives-inside-information-girl-sec-says" target="_blank">read more</a></p> http://wealthmanagement.com/industry/boy-meets-girl-boy-gives-inside-information-girl-sec-says#comments Industry Legal Fri, 23 Sep 2016 14:39:00 +0000 1333651 at http://wealthmanagement.com Copyright Mark Wilson, Getty Images U.S. Judge Throws Out Madoff $3 Billion Feeder Fund Lawsuit http://wealthmanagement.com/high-net-worth/us-judge-throws-out-madoff-3-billion-feeder-fund-lawsuit <div class="field-byline"> Jonathan Stempel </div> <div class="node-body article-body">A U.S. judge has again thrown out a $3 billion lawsuit by investors in two "feeder funds" that sent money to Bernard Madoff, one of the largest lawsuits tied to his Ponzi scheme, after her original dismissal had been overturned.</div> <p><a href="http://wealthmanagement.com/high-net-worth/us-judge-throws-out-madoff-3-billion-feeder-fund-lawsuit" target="_blank">read more</a></p> http://wealthmanagement.com/high-net-worth/us-judge-throws-out-madoff-3-billion-feeder-fund-lawsuit#comments Legal High Net Worth Fri, 23 Sep 2016 12:51:00 +0000 1332881 at http://wealthmanagement.com Copyright Mario Tama, Getty Images Can Insider Trading Case at SCOTUS Help Leon Cooperman? http://wealthmanagement.com/high-net-worth/can-insider-trading-case-scotus-help-leon-cooperman <div class="field-byline"> Alison Frankel </div> <div class="node-body article-body">The upcoming Supreme Court oral arguments on an insider trading case could play a role in the case the SEC has just brough against Leon Cooperman.</div> <p><a href="http://wealthmanagement.com/high-net-worth/can-insider-trading-case-scotus-help-leon-cooperman" target="_blank">read more</a></p> http://wealthmanagement.com/high-net-worth/can-insider-trading-case-scotus-help-leon-cooperman#comments Legal People High Net Worth Thu, 22 Sep 2016 22:47:00 +0000 1332851 at http://wealthmanagement.com Copyright Drew Angerer, Getty Images Charitable Remainder Annuity Trusts: Important Development http://wealthmanagement.com/philanthropy/charitable-remainder-annuity-trusts-important-development <div class="field-deck"> Allowable alternative to 5 percent probability of exhaustion test—but watch your step </div> <div class="node-body article-body">For CRATS created on or after Aug. 8, 2016, the IRS came out with a new alternative to the 5 percent probability of exhaustion test—the early termination qualified contingency provision. </div> <p><a href="http://wealthmanagement.com/philanthropy/charitable-remainder-annuity-trusts-important-development" target="_blank">read more</a></p> http://wealthmanagement.com/philanthropy/charitable-remainder-annuity-trusts-important-development#comments Legal Philanthropy Public Thu, 22 Sep 2016 18:02:00 +0000 1332441 at http://wealthmanagement.com U.S. SEC Charges Thrust Billionaire Cooperman Into Spotlight http://wealthmanagement.com/people/us-sec-charges-thrust-billionaire-cooperman-spotlight <div class="field-byline"> Lawrence Delevingne </div> <div class="node-body article-body">The latest insider trading charges by U.S. securities regulators placed an unwelcome spotlight on billionaire Leon Cooperman, the son of a Bronx plumber who rose to become one of the most gifted stock pickers of his generation.</div> <p><a href="http://wealthmanagement.com/people/us-sec-charges-thrust-billionaire-cooperman-spotlight" target="_blank">read more</a></p> http://wealthmanagement.com/people/us-sec-charges-thrust-billionaire-cooperman-spotlight#comments Legal People Thu, 22 Sep 2016 12:56:00 +0000 1331031 at http://wealthmanagement.com <p>Leon Cooperman is being accused by the SEC of insider trading.</p> U.S. SEC Charges Leon Cooperman With Insider Trading http://wealthmanagement.com/people/us-sec-charges-leon-cooperman-insider-trading <div class="field-byline"> Svea Herbst-Bayliss and Suzanne Barlyn </div> <div class="node-body article-body">The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds.</div> <p><a href="http://wealthmanagement.com/people/us-sec-charges-leon-cooperman-insider-trading" target="_blank">read more</a></p> http://wealthmanagement.com/people/us-sec-charges-leon-cooperman-insider-trading#comments Legal People High Net Worth Wed, 21 Sep 2016 22:48:00 +0000 1330011 at http://wealthmanagement.com <p>Leon Cooperman</p> One DOL Lawsuit May Have a Shot http://wealthmanagement.com/blog/one-dol-lawsuit-may-have-shot <div class="node-body blog-body">In a hearing for insurance agency Market Synergy’s suit against the Department of Labor Wednesday, the group’s attorneys told the judge, ‘This is a rifle shot.’</div> <p><a href="http://wealthmanagement.com/blog/one-dol-lawsuit-may-have-shot" target="_blank">read more</a></p> http://wealthmanagement.com/blog/one-dol-lawsuit-may-have-shot#comments Industry Legal Blogs Rulebook Wed, 21 Sep 2016 20:52:00 +0000 1330691 at http://wealthmanagement.com US Government Extends Reach as Creditor Beyond the Insolvent Estate http://wealthmanagement.com/estate-planning/us-government-extends-reach-creditor-beyond-insolvent-estate <div class="field-deck"> Executrix held personally liable for post-death transfers </div> <div class="node-body article-body">All fiduciaries must exercise prudence and care to determine the extent of creditor claims against the estate before a beneficiary can receive any estate asset. </div> <p><a href="http://wealthmanagement.com/estate-planning/us-government-extends-reach-creditor-beyond-insolvent-estate" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/us-government-extends-reach-creditor-beyond-insolvent-estate#comments Legal Estate Planning Public Wed, 21 Sep 2016 13:42:00 +0000 1329611 at http://wealthmanagement.com Bitcoin Is Money, U.S. judge Says In Case Tied to JPMorgan Hack http://wealthmanagement.com/technology/bitcoin-money-us-judge-says-case-tied-jpmorgan-hack <div class="field-byline"> Jonathan Stempel </div> <div class="node-body article-body">Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase &amp; Co and other companies.</div> <p><a href="http://wealthmanagement.com/technology/bitcoin-money-us-judge-says-case-tied-jpmorgan-hack" target="_blank">read more</a></p> http://wealthmanagement.com/technology/bitcoin-money-us-judge-says-case-tied-jpmorgan-hack#comments Legal Technology Tue, 20 Sep 2016 13:07:00 +0000 1326971 at http://wealthmanagement.com Advisors Aware But Unprepared for Cyber Risks http://wealthmanagement.com/blog/advisors-aware-unprepared-cyber-risks <div class="node-body blog-body">Advisors are aware of but unprepared for cybersecurity risks, Personal Capital passes $3 billion in AUM and a former advisor is suing the police after being falsely accused of bank robbery.</div> <p><a href="http://wealthmanagement.com/blog/advisors-aware-unprepared-cyber-risks" target="_blank">read more</a></p> http://wealthmanagement.com/blog/advisors-aware-unprepared-cyber-risks#comments Industry Legal Technology Blogs The Daily Brief Mon, 19 Sep 2016 10:00:00 +0000 1324151 at http://wealthmanagement.com