Industry
Best Practice | 2 Nov 16
Brazil nets $15.7bn in tax amnesty
More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.
Tax & Regulation | 2 Nov 16
Ex-BlackRock man Lyttleton pleads guilty to insider trading
Mark Lyttleton, a former fund manager at BlackRock, pleaded guilty on Wednesday to two counts of insider trading and will be sentenced on 21 December, the Financial Conduct Authority has confirmed.
North America | 2 Nov 16
US adviser faces CFP ban for conning athletes out of $33m
A professional body representing financial advisers in the US has temporarily banned one of its members for siphoning over $33m (£22.5m, €29.2m) from professional sports stars in an alleged Ponzi scheme.
Newly-launched platform targets Singapore’s HNW and US expats
Crossbridge Capital and Morningstar are collaborating on a newly-launched digital advisory platform that targets high net worth (HNW) individuals and US expats, which they believe are under-served in Asia.
Mark Paine to take over the Meyado Group
Wealth management firm Meyado is to see a change at the top after Singapore chief executive Mark Paine announced plans to buy out the shares of the group’s founder and chairman Martin Young.