Tax & Regulation
North America | 15 Feb 17
Morgan Stanley pays $8m to settle ETF investment charges
Morgan Stanley has agreed to pay $8m (£6.4m, €7.5m) and admit wrongdoing to settle charges that it did not ensure clients understood the risks associated with buying inverse exchange-traded funds (ETFs) the firm recommended.
Tax & Regulation | 15 Feb 17
Ex-financial adviser given maximum 15-year bankruptcy order
A former financial adviser has been handed the maximum bankruptcy order of 15 years for acting in the management of a company while he was subject to a lengthy director’s ban.
British expats living in Europe face Brexit backlash
British nationals living in the European Union can expect to face a backlash following the UK’s treatment of foreigners, a leaked report has warned.
Tax & Regulation | 14 Feb 17
UK bans directors of £1m carbon credit scam
The UK High Court has banned three directors who sold worthless carbon credits as part of a £1m ($1.25m, €1.17m) scam.
Five things you should know about estate planning in Portugal
For British expats living in Portugal, or for those with Portuguese assets, the local equivalent of inheritance tax maybe relatively straightforward, says director of Blevins Franks Jason Porter, but succession law is very different. If advisers do not understand the rules, their client’s estate may not be distributed in line with their wishes or could attract more taxation than necessary.