US Legal & Regulation

SEI completes first Form PF filing for hedge fund client

Wed, 29/08/2012 - 14:09

SEI has completed its first Form PF filing on behalf of a global, multi-billion-dollar hedge fund client. »

SEC charges former Sky Bell hedge fund manager with making misrepresentations

Tue, 28/08/2012 - 16:06

The Securities and Exchange Commission has filed a settled civil action in the US District Court for the Northern District of California against Gary R Marks. »

CFTC issues final swap rules

Tue, 28/08/2012 - 10:02

The Commodity Futures Trading Commission has approved final rules to improve the risk management procedures of swap dealers and major swap participants. »

William Hodash, DTCC managing director, business development

DTCC and Swift launch CFTC Interim Compliant Identifier (CICI) utility

Wed, 22/08/2012 - 06:23

The Depository Trust & Clearing Corporation and Swift have launched a web portal at www.ciciutility.org to begin assigning CFTC Interim Compliant Identifiers (CICIs) after being designated by the US Commodity Futures Trading Commission to do so. »

CFTC issues proposed order to exempt certain non-financial energy derivative transactions

Mon, 20/08/2012 - 12:04

The Commodity Futures Trading Commission has approved a proposed order that would exempt certain non-financial energy derivative transactions between and amongst government-owned electric utilities and cooperatively-owned electric utilities from most of the requirements of the Commodity Exchange Act. »

Clearing connectivity standard launched for central counterparty clearing

Wed, 15/08/2012 - 10:21

Sapient Global Markets has completed a new industry standard for cleared OTC derivatives related activity reporting for asset managers, futures commission merchants (FCMs) and custodians. »

CFTC settles action over forex scheme against Douglas Elsworth Wilson

Wed, 15/08/2012 - 06:15

A federal court in California has entered a consent order that requires defendants Douglas Elsworth Wilson of Poway, California, and three companies he controls and manages, Elsworth Berg Capital Management (EBCM), Elsworth Berg Inc, and Elsworth Berg FX jointly and severally to pay USD3,965,670.71 in restitution to customers as well as a USD1.5m civil monetary penalty. »

CFTC charges Michael Bruce Gale with commodity pool fraud

Tue, 14/08/2012 - 14:08

The US Commodity Futures Trading Commission has filed a civil anti-fraud enforcement action against Michael Bruce Gale, individually and doing business as Capital Management Group (CMG). »

Hoopes to pay over USD11.8m for operating Ponzi scheme

Wed, 01/08/2012 - 06:15

The US Commodity Futures Trading Commission has obtained a federal court order requiring defendant Michael Justin Hoopes of Rexburg, Idaho, to pay more than USD10.4m in restitution and a civil monetary penalty of over USD1.4m for operating a Ponzi scheme that defrauded Idaho residents and others. »

CFTC charges Victor Yu and VFRS with forex fraud

Tue, 31/07/2012 - 12:15

The Northern District of California has entered an emergency order freezing the assets of defendants Victor Yu of San Jose, California, and his company VFRS based in Alameda, California. »