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Gavel

SEC sanctions 19 firms and one individual trader for short selling violations

Wed, 17/09/2014 - 14:05

The Securities and Exchange Commission (SEC) has imposed a further 20 sanctions in its continuing enforcement initiative against hedge fund advisers and private equity firms illegally participating in stock offers short selling the stock during a restricted period. »

Regulation

IVP extends Managed Services model to include support for global regulatory filings

Wed, 17/09/2014 - 13:00

Indus Valley Partners (IVP) has extended its Managed Services offering to include regulatory filings for hedge funds, private equity funds and other alternative asset managers. »

Gavel and scales

CFTC fines Morgan Stanley Smith Barney for supervision and records failures

Tue, 16/09/2014 - 11:49

The US Commodity Futures Trading Commission (CFTC) has fined Morgan Stanley Smith Barney, a CFTC-registered futures commission merchant, for improper supervision and records violations.  »

Edward T. Tilly

CBOE and C2 in FINRA discussions over regulatory services agreement

Mon, 15/09/2014 - 16:00

The Chicago Board Options Exchange (CBOE) and C2 Options Exchange are in discussions with the Financial Industry Regulatory Authority (FINRA) on a potential agreement for FINRA to provide certain regulatory services to their options markets. »

Magnifying glass

SEC creates new office in division of economic and risk analysis

Mon, 15/09/2014 - 13:46

The Securities and Exchange Commission (SEC) is creating a new office within the division of economic and risk analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range of SEC activities.  »

Slow

Regulation slows push for alternatives, says Cerulli


Thu, 11/09/2014 - 12:05

Regulation is slowing the push for alternative investments, according to research released by Cerulli Associates. »

Letter

CFTC issues exemptive letter providing relief from certain JOBS Act SEC amendments

Thu, 11/09/2014 - 11:09

The US Commodity Futures Trading Commission (CFTC) has issued an exemptive letter which provides relief from certain provisions restricting marketing to the public. »

Howard Groedel, Ulmer & Berne LLP

Harmonisation of CFTC and SEC hedge fund advertising rules is a ‘sensible step’

Thu, 11/09/2014 - 09:23

Securities attorney Howard Groedel of Ulmer & Berne LLP, comments on the CFTC’s easing of hedge fund advertising restrictions…  »

Gavel

CFTC charges Florida attorney with aiding and abetting illegal metals transactions and fraud

Thu, 11/09/2014 - 06:01

The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement complaint against Florida attorney Jay Bruce Grossman charging him with aiding and abetting multiple clients in the operation of illegal and fraudulent precious metals schemes. »

Letter

CFTC issues no-action letter for CPOs with wholly-owned trading subsidiaries

Tue, 09/09/2014 - 16:00

The US CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a no-action letter for commodity pool operators (CPOs) that are non-registered investment companies that use wholly-owned trading subsidiaries to trade commodity interests. »

Gavel

SEC charges HF manager with bilking investors and portfolio pumping

Tue, 09/09/2014 - 11:05

The Securities and Exchange Commission (SEC) has charged a Minneapolis-based hedge fund manager, his investment advisory firm and an accomplice with bilking investors in two hedge funds out of more than USD1m.  »

Report

AIMA updates due diligence questionnaire for hedge fund managers

Wed, 03/09/2014 - 11:45

The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published an updated edition of its flagship due diligence questionnaire (DDQ), the AIMA DDQ for Hedge Fund Managers. »

UK flag

CFTC issues rule for deposit of customer funds with UK depositaries

Mon, 01/09/2014 - 06:02

The US Commodity Futures Trading Commission (CFTC) has issued an interpretation of Commission Regulation 30.7(c) under the Commodity Exchange Act.  »

Regulation

SEC adopts asset-backed securities reform rules

Thu, 28/08/2014 - 14:33

The SEC has adopted revisions to rules governing the disclosure, reporting, and offering process for asset-backed securities (ABS) to enhance transparency, better protect investors and facilitate capital formation. »

Credit rating agencies

SEC adopts credit rating agency reform rules

Thu, 28/08/2014 - 12:00

The Securities and Exchange Commission (SEC) has adopted new requirements for credit rating agencies to enhance governance, protect against conflicts of interest and increase transparency.  »

Gavel and scales

CFTC fines Merrill Lynch USD1.2m for supervision failure

Thu, 28/08/2014 - 06:01

The US Commodity Futures Trading Commission (CFTC) has issued an order filing and settling charges against Merrill Lynch for supervision failures relating to futures exchange and clearing fees. »

Electronic trading floor

CFTC issues no-action relief on confirmations of uncleared swap transactions

Wed, 20/08/2014 - 13:33

The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter providing swap execution facilities (SEFs) time-limited, conditional relief from certain data reporting and record-keeping requirements in relation to confirmations required for uncleared swap transactions. »

Regulation

CFTC issues no-action letter for Clearing Corporation of India Ltd

Wed, 20/08/2014 - 12:15

The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter it will not take enforcement action against Clearing Corporation of India Ltd (CCIL) for failing to register as a derivatives clearing organisation (DCO). »

Regulation

SEC report details use of Form PF data

Tue, 19/08/2014 - 13:49

The SEC’s second annual staff report on the use of data collected from private fund systemic risk summarises how the data received from Form PF filers is used to protect investors and the integrity of the markets. »

Letter

CFTC issues no-action letter for Chicago Mercantile Exchange

Tue, 19/08/2014 - 12:00

The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter stating that it will not take enforcement action against the clearing house of the Chicago Mercantile Exchange. »

Barred sign

NFA revokes registration of floor trader Joel W Himel

Wed, 13/08/2014 - 11:20

The National Futures Association (NFA) has revoked the registration of Joel W Himel of Vernon Hills, Illinois, a floor trader at the Chicago Board of Trade (CBOT). »

Fraud

Bahamas brokerage firm charged over fraudulent hedge fund scheme

Tue, 12/08/2014 - 06:15

The Securities and Exchange Commission (SEC) has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the centre of the scheme. »

Oil

Crude oil traders hit with USD13m CFTC fine

Wed, 06/08/2014 - 06:00

The US CFTC has obtained a USD13 million civil monetary penalty against defendants Parnon Energy, Arcadia Petroleum, Arcadia Energy and crude oil traders James T Dyer and Nicholas J Wildgoose. »

Fraud

Ex-Citigroup director ordered to pay USD500,000 to settle CFTC fraud charges

Tue, 05/08/2014 - 11:44

A US District Court judge has ordered former Citigroup director John Aaron Brooks to pay a civil penalty of USD500,000 to settle CFTC charges that he defrauding Citigroup by mismarking and inflating the value of his position in ethanol futures in the company’s proprietary account.  »

Globe

Highland Capital Management now compliant with Global Investment Performance Standards

Fri, 01/08/2014 - 14:00

Dallas-based investment management firm Highland Capital Management is now compliant with the Global Investment Performance Standards (GIPS) and has been independently verified for the period of 1 January 2009 to 31 December 2013. »

Gavel and scales

NFA takes emergency enforcement action against Connecticut firm Nord Capital Advisors

Fri, 01/08/2014 - 13:10

National Futures Association (NFA) has taken an emergency enforcement action against commodity trading advisor and commodity pool operator Nord Capital Advisors and company principal Yakov Shlyapochnik. »

Approved stamp

Capita Financial Managers to offer US hedge fund AIFM service

Thu, 31/07/2014 - 10:03

Capita Financial Managers (Ireland) Limited has been granted an alternative investment fund manager (AIFM) licence by the Central Bank of Ireland. »

US flag

Six things to watch for in wake of new US money fund rules

Wed, 30/07/2014 - 10:35

Moody’s outlines six things to watch for in the wake of new US money fund rules… »

Law books and gavel

CFTC fines JP Morgan Securities USD650,000 over inaccurate large trader reports

Wed, 30/07/2014 - 10:07

The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against JP Morgan Securities (JPMS), a futures commission merchant (FCM), for submitting inaccurate reports relating to the positions held by large traders whose accounts are carried by JPMS.  »

Dark pool

SEC rules ‘supporting’ dark pools, says CMCRC

Tue, 29/07/2014 - 16:00

SEC trading rules may be providing dark venues a regulatory advantage over traditional stock exchanges, according to research by The Capital Markets Cooperative Research Centre (CMCRC). »

features
Special report
State Street Global Markets – Fund Connect

This Special Report unveils the ways in which State Street Global Markets' Fund Connect ETF platform is bringing new levels of efficiency to the the ETF marketplace, and includes expert comment from the perspective of an AP... »

Article
Survey

In an excerpt from the Preqin Investor Outlook: Alternative Assets H1 2015, exclusive Preqin survey results reveal that while industry performance has been poor, investors remain committed to the asset class. ... »

Article
Up arrow

In an excerpt from the Preqin Investor Outlook: Alternative Assets H1 2015, the spotlight is on investors’ attitudes towards alternative private real estate exposure.  ... »

Article

Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before. ... »

Special report
Switzerland Hedge Fund Services 2015

Switzerland Hedge Fund Services 2015

Tue, 24/02/2015 - 19:14

New regulations are allowing hedge fund managers and institutional investors to take advantage of fresh opportunities in the Swiss market, from innovative new fund platforms to new fund strategies and structures that provide significant portfolio diversification opportunities... »

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