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Bernard L. Madoff

Investment managers and advisers sued over plan investments with Madoff

Sun, 24/10/2010 - 11:12

The US Department of Labor has sued Beacon Associates Management, Andover Associates Management, Ivy Asset Management, J.P. Jeanneret Associates and the principals of the four companies for causing dozens of pension, health and other employee benefit plan clients to lose hundreds of millions of dollars through investments with Bernard L. Madoff and his firm. »

Handcuffs and money

CFTC enforcement programme filings increase 14 per cent

Wed, 06/10/2010 - 12:35

The US Commodity Futures Trading Commission’s enforcement programme filed 57 enforcement actions in fiscal year 2010, 14 per cent more than in FY 2009 and 42 per cent more than in FY 2008.  »

Gavel

CFTC charges accounting firms with failure to audit Sentinel properly

Tue, 05/10/2010 - 16:16

The US Commodity Futures Trading Commission has filed and settled charges against public accounting firms McGladrey & Pullen and Altschuler, Melvoin & Glasser and partner G. Victor Johnson II for failing to audit properly Sentinel Management Group.  »

Ponzi scheme

CFTC charges Integra Capital Management with USD3m Ponzi scheme

Sun, 03/10/2010 - 12:34

The US Commodity Futures Trading Commission has obtained an emergency federal court order freezing the assets of defendants Rodney W. Whitney, Nicholas T. Cox and Integra Capital Management of North Carolina. »

Fraud

CFTC charges People’s Alternative with commodity pool fraud

Wed, 29/09/2010 - 14:44

The US Commodity Futures Trading Commission has obtained an emergency federal court order freezing the assets of defendants People’s Alternative of Los Angeles and its principals, Jaime Gallardo of Pasadena and Karl Ochoa and Maria Iracheta of Los Angeles. »

Ponzi scheme

CFTC charges Autry with fraudulent Ponzi scheme

Wed, 22/09/2010 - 13:56

The US Commodity Futures Trading Commission has charged Georgia-based Joseph L. Autry, Jr. and his company, Autry Capital Management, with fraudulently operating a Ponzi scheme that solicited and received approximately USD265,200 from seven customers to trade commodity futures contracts. »

Aluminium

CFTC sanctions former metals trader for defrauding General Motors

Tue, 21/09/2010 - 10:33

The US Commodity Futures Trading Commission has filed and settled charges against Daniel J. Bealko, General Motors’ former global commodity manager for lightweight metals, for knowingly engaging in unauthorised futures and options trading as part of his criminal scheme to defraud the company.  »

Law books

CFTC will not issue grandfather relief for bilateral exempt commodity swaps

Mon, 13/09/2010 - 10:42

The Commodity Futures Trading Commission has determined not to issue grandfather relief at this time to parties that petition the commission to continue to operate in reliance upon the Commodity Exchange Act’s exempt commodity exemption for bilateral swaps after the deletion of that provision from the CEA by the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

Demetrios Anaipakos, partner, Ahmad, Zavitsanos & Anaipakos

Ernst & Young facing securities fraud lawsuit over failed hedge fund

Mon, 30/08/2010 - 12:02

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. »

Todd Groome, chairman of Aima

Aima to engage with US authorities on Dodd-Frank Act implementation

Thu, 26/08/2010 - 14:09

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

Regulation books

CFTC and SEC issue notice on mixed swaps regulations

Mon, 16/08/2010 - 10:15

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. »

Gavel

Court bars Paul Greenwood in investment scam case

Sun, 01/08/2010 - 14:05

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.  »

Fraud

CFTC charges Texas firm with soliciting USD30m to trade commodity futures

Sun, 01/08/2010 - 10:45

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. »

Confidential file

CFTC charges three with destroying records and failing to supervise staff

Wed, 28/07/2010 - 10:35

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. »

Report

CFTC begins publishing large-trader report for futures markets

Fri, 23/07/2010 - 06:19

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

Gavel

Hedge fund and private equity fund advisers must register with SEC

Thu, 22/07/2010 - 12:43

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.  »

Ponzi scheme

CFTC charges Florida and Virginia residents over USD28m Ponzi scheme

Mon, 12/07/2010 - 10:32

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. »

Gavel

SEC adopts measures to curtail pay to play practices by investment advisers

Thu, 01/07/2010 - 12:14

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. »

Todd Groome, chairman of Aima

Aima supports registration of hedge fund managers

Tue, 29/06/2010 - 12:01

The Alternative Investment Management Association says that while some details and definitions contained in the US Dodd-Frank Bill remain to be clarified, it supports those parts of the bill relating to the registration of hedge fund managers. »

Ponzi scheme

CFTC charges Richard Theye with fraud in multi-million dollar Ponzi scheme

Tue, 22/06/2010 - 12:29

The US Commodity Futures Trading Commission has filed an action in the federal court in Austin, Texas, charging Richard D. Theye and his company, Micind Capital Management, with fraud in connection with running a multi-million dollar Ponzi scheme. »

Globe

CFTC advises on US investors trading foreign security futures

Wed, 09/06/2010 - 14:07

The US Commodity Futures Trading Commission’s division of clearing and intermediary oversight has published an advisory clarifying the extent to which certain sophisticated customers located in the US may transact in foreign security futures products.  »

Ponzi scheme

CFTC charges California men with multi-million dollar Ponzi scheme

Wed, 26/05/2010 - 12:29

The US Commodity Futures Trading Commission has charged Ruben Gonzalez and Jose C. Naranjo of California and their company, New Golden Investment Group, with fraud and misappropriation in connection with a multi-million dollar Ponzi scheme. »

Ponzi scheme

CFTC files anti-fraud action against Shalhoub for futures Ponzi scheme

Thu, 20/05/2010 - 11:23

The US Commodity Futures Trading Commission has charged Jeffrey Shalhoub of Staten Island, New York, and his company, Jeff Shalhoub Investments of Long Island City, New York, with operating a commodity futures Ponzi scheme. »

Greenlight Capital attorney criticises whistleblower settlement

Greenlight Capital attorney criticises whistleblower settlement

Thu, 06/05/2010 - 12:49

The whistleblower attorney who represents David Einhorn's Greenlight Capital hedge fund and has helped qui tam whistleblowers return more than a half-billion dollars to taxpayers, has criticised the USD26.3m federal False Claims Act settlement with Allied Capital's Business Loan Express as "not close to what the government should have recovered." »

North Carolina man fined USD3.8m in anti-fraud action

North Carolina man fined USD3.8m in anti-fraud action

Wed, 05/05/2010 - 14:19

The US Commodity Futures Trading Commission has obtained more than USD3.8m in civil money penalties and equitable relief in court orders against Tyrone “Cauzae” McCall and entities he controlled, McCall Business Group and MBG Global, both of Charlotte, North Carolina. »

CFTC sanctions Noble Americas USD130,000 for wash sales trading

CFTC sanctions Noble Americas USD130,000 for wash sales trading

Tue, 04/05/2010 - 14:08

The US Commodity Futures Trading Commission has issued an order filing and simultaneous settling charges against Noble Americas for entering into commodity futures trades and exchange for physical trades in heating oil and gasoline on the New York Mercantile Exchange and Globex that were wash and fictitious sales on several occasions during the period 30 March 2007 through 30 July 2007. »

Moore Capital fined USD25m for attempted manipulation of settlement prices

Moore Capital fined USD25m for attempted manipulation of settlement prices

Mon, 03/05/2010 - 13:15

The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges that Moore Capital Management and its affiliates attempted to manipulate the settlement prices of platinum and palladium futures contracts on the New York Mercantile Exchange.  »

Singapore national charged with engaging in illegal trading scheme

Singapore national charged with engaging in illegal trading scheme

Tue, 13/04/2010 - 11:13

The US Commodity Futures Trading Commission has charged Kuen Cheol Song, a citizen of Singapore, with engaging in fictitious transactions and trading non-competitively in violation of the Commodity Exchange Act and CFTC regulations. »

South Carolina defendants fined USD3.9m to resolve anti-fraud action

South Carolina defendants fined USD3.9m to resolve anti-fraud action

Sun, 11/04/2010 - 10:40

The US Commodity Futures Trading Commission has obtained more than USD3.9m in restitution and civil monetary penalties in a federal judgment order against CSA Trading Group and Michael Derrick Peninger, both of Charleston, South Carolina, in a CFTC anti-fraud action. »

SEC charges California man in multi-million dollar hedge fund fraud

SEC charges California man in multi-million dollar hedge fund fraud

Thu, 01/04/2010 - 12:07

The Securities and Exchange Commission has sued a California man for posing as a fund manager in a bogus hedge fund scheme.  »

MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

features
Special report
State Street Global Advisors – Volatility and the benefits of downside protection strategies

State Street Global Advisors has unveiled the results of an in-depth survey of 420 senior executives within global private and public pension plans, endowments, foundations and sovereign wealth funds, summarised in this keynote Hedgeweek Special Report... »

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"... »

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