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Gavel and scales

Barclays Capital charged with compliance failures following acquisition of Lehman’s advisory business

Wed, 24/09/2014 - 10:03

The US Securities and Exchange Commission (SEC) has charged Barclays Capital with failing to maintain an adequate internal compliance system after its US wealth management business acquired the advisory business of Lehman Brothers in September 2008.  »

Traders

CFTC provides time-limited no-action relief for SEFs from block trade requirements

Mon, 22/09/2014 - 12:04

The US Commodity Futures Trading Commission (CFTC) has provided time-limited no-action relief concerning swap execution facility (SEF) access for block trade execution. »

Barred sign

CFTC revokes registrations of SAC Capital Advisors

Wed, 17/09/2014 - 16:06

The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of SAC Capital Advisors LLC and SAC Capital Advisors LP. »

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. »

features
Special report
Hedge Fund Technology 2015

Hedge Fund Technology 2015

Tue, 19/05/2015 - 11:00

This keynote Hedgeweek Special Report surveys the key technology products and software solutions available to hedge funds,, and drills down into each one through interviews and analysis to summarise their benefits to COOs, CTOs and CFOs at hedge funds... »

Article
Survey

Voting for the 5th edition of the Hedgeweek USA Awards, which recognise excellence among hedge fund managers and service providers around the world, is now open. ... »

Article
Locked door

Cybersecurity issues have existed as long as the internet. What seems to have changed in the last 18 months is not only that the nature of the breaches has become more sophisticated, but also the fact that hedge funds have become a much bigger target.  ... »

Special report
Commodities 2015: The outlook for investors

Investing in commodities can yield handsome returns, but investors need to focus sharply on timing and diversify their portfolios away from traditional safe havens and into sectors such as agriculturals and products such as ETFs. As one expert reveals in this special report, "Gold is not the only yellow commodity one should have in their portfolio"... »

Special report
Hedgeweek Global Awards 2015 – The Winners

Read the complete list of Winners and profiles at the sixth edition of the Hedgeweek Awards, presented in London's Mayfair and sponsored by Morgan Stanley, which brought together the leading names in the global hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2014... »

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specialreports