US Legal & Regulation

Attorneys from Houston's Ahmad, Zavitsanos & Anaipakos are representing a group of investors in a lawsuit filed against hedge fund auditors Ernst & Young after the group lost more than USD17m following the collapse of a Plano, Texas-based hedge fund that promised low-risk investments. »

The Alternative Investment Management Association is to engage with US policymakers and supervisors over the implementation of the Dodd-Frank Act.  »

The Commodity Futures Trading Commission and the Securities and Exchange Commission have published a notice requesting public comment on defining certain key terms and in prescribing regulations regarding mixed swaps, as required by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

A federal court in New York has entered a consent order of permanent injunction and equitable relief against Paul Greenwood of North Salem, New York.  »

The US Commodity Futures Trading Commission has charged Robert Mihailovich, Sr., and Growth Capital Management, both of Rockwall, Texas, with fraudulent solicitation in connection with the trading of commodity futures contracts and leveraged foreign currency. »

The US Commodity Futures Trading Commission has filed an enforcement action charging Chicago-based New World Holdings with destroying business records and failing to diligently supervise employees. »

The US Commodity Futures Trading Commission will begin publishing a report that aims to add further transparency to the financial futures markets.  »

Almost two years since the near collapse of the global financial markets, President Barack Obama has signed into law the most sweeping regulatory reform legislation since the great depression – the Dodd-Frank Wall Street Reform and Consumer Protection Act.  »

The US Commodity Futures Trading Commission has filed an enforcement action charging Phillip Milton of Palm Beach Gardens, Florida, Gregory Center of McLean, Virginia, William Center of Richmond, Virgina, and their Florida-based company Trade with operating a Ponzi scheme involving approximately USD28m in connection with the Trade commodity pool. »

The Securities and Exchange Commission has voted unanimously to approve new rules to significantly curtail the influence of "pay to play" practices by investment advisers. »