North America

Gavel and law books

Former Harbinger COO to settle SEC charges

Tue, 29/07/2014 - 07:56

The former chief operating officer (COO) at Harbinger Capital Partners is to settle SEC charges that he assisted a scheme by the firm and its owner Philip A Falcone to misappropriate millions of dollars from a hedge fund they managed. »

Gavel

Citigroup ATS business unit charged over confidential subscriber data failings

Mon, 28/07/2014 - 14:05

The Securities and Exchange Commission (SEC) has charged a Citigroup business unit operating an alternative trading system (ATS) with failing to protect the confidential trading data of its subscribers. »

Eric T Schneiderman

Barclays mounts robust defence against dark pool allegations

Mon, 28/07/2014 - 06:30

Barclays has firmly rebutted the claims made against it by Eric T Schneiderman (pictured), the New York Attorney General, over the operation of its dark pool with a robust defence of its practices. »

Regulation

SEC adopts MMF reform rules

Thu, 24/07/2014 - 16:01

The Securities and Exchange Commission has adopted amendments to the rules that govern money market mutual funds (MMFs), making structural and operational reforms to address investor risk while preserving the benefits of the funds. »

Clock

CFTC issues no-action relief from electronic reporting requirements in OCR Final Rule

Thu, 24/07/2014 - 12:00

The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (OCR Final Rule). »

James Williams, Hedgeweek

SEI: An eyes wide open approach to launching a ’40 Act Fund

Mon, 07/04/2014 - 11:45

Alternative mutual funds, also referred to as liquid alternatives or hedged mutual funds, are becoming a lot more popular with private fund managers. This has largely been driven by the requirement for hedge fund managers to register as investment advisers with the SEC. Prior to this, unregistered managers were not allowed to manage assets on behalf of US mutual funds. Now they can.  »

Trading screens

Credit Suisse’s AES joins REDI’s multi-broker EMS platform

Tue, 14/01/2014 - 14:40

Credit Suisse’s Advanced Execution Services (AES) has joined REDI Global Technologies’ broker-neutral platform – the REDIPlus Execution Management System (EMS). »

Approved stamp

CFTC grants CME temporary SEF registration

Tue, 05/11/2013 - 16:00

The US Commodity Futures Trading Commission (CFTC) has approved the application of Chicago Mercantile Exchange (CME) for temporary registration as a swap execution facility (SEF).  »

Gavel

SAC Capital to pay USD1.8bn fine over insider dealing charges

Tue, 05/11/2013 - 10:47

Billionaire hedge fund manager Steve Cohen’s SAC Capital has agreed to plead guilty to criminal insider trading charges and pay a USD1.8bn fine, according to a statement released by US federal prosecutors. »

Approved stamp

CFTC approves limited purpose swap dealer designations for Cargill and an affiliate

Wed, 30/10/2013 - 16:03

The Commodity Futures Trading Commission (CFTC) has approved an order granting limited purpose swap dealer (SD) designations to Cargill Incorporated and an affiliate, Cargill Financial Services International. »

Gavel

SEC charges three firms with violating custody rule

Tue, 29/10/2013 - 12:06

The Securities and Exchange Commission (SEC) has sanctioned three investment advisory firms for violating the “custody rule” that requires them to meet certain standards when maintaining custody of client funds or securities. »

Fraud

SEC brings fraud charges against collateral manager of CDO

Mon, 21/10/2013 - 11:30

The Securities and Exchange Commission has brought charges against a New Jersey-based investment advisory firm and its owner for misleading investors in a collateralised debt obligation (CDO). »

Gavel

Falcone to pay USD18m and barred from securities industry for five years

Thu, 03/10/2013 - 12:36

Philip A Falcone and his advisory firm Harbinger Capital Partners have agreed to pay USD18 million in disgorgement and penalties after admitting wrongdoing in a case brought by the US SEC. »

Ponzi scheme

SEC settles action against Oregon-based hedge fund manager Yusaf Jawed

Thu, 26/09/2013 - 16:02

The US Securities and Exchange Commission (SEC) has settled its action against Oregon-based hedge fund manager Yusaf Jawed, who masterminded a USD30m Ponzi scheme. »

Gavel and scales

CFTC charges ICAP with manipulation of Yen LIBOR

Thu, 26/09/2013 - 10:05

The US Commodity Futures Trading Commission (CFTC) has brought and settled charges against ICAP Europe Limited for manipulation and attempted manipulation of the London Interbank Offered Rate (LIBOR) for Yen.  »

Electronic trading floor

CFTC issues time limited no-action letter for LCH.Clearnet and its clearing members

Wed, 25/09/2013 - 06:35

The Commodity Futures Trading Commission’s division of clearing and Risk (DCR) has issued a time limited no-action letter for LCH.Clearnet and its clearing members. »

Gavel

JPMorgan Chase to pay USD200m to settle SEC charges

Fri, 20/09/2013 - 10:08

The Securities and Exchange Commission has charged JPMorgan Chase & Co with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.  »

Numbers and magnifying glass

BVA launches price adjustment verification service for buy-side funds

Fri, 20/09/2013 - 06:01

Bedrock Valuation Advisors (BVA) has launched a price adjustment verification service in response to recent enforcement actions by US financial services regulators that have levied fines of up to USD200m against buy-side institutions. »

Fraud

NYC money manager charged with defrauding investors and lying to SEC examiners

Mon, 16/09/2013 - 12:00

The SEC has charged the owner of a New York-based investment advisory firm with defrauding investors while grossly exaggerating the amount of assets under his management.  »

Approved stamp

SwapEx, GFI and MarketAxess granted temporary SEF registration by CFTC

Mon, 16/09/2013 - 11:14

The US Commodity Futures Trading Commission has approved the applications of SwapEx, GFI Swaps Exchange and MarketAxess SEF Corporation for temporary registration as swap execution facilities (SEFs).  »

Regulation

BT to market Truphone mobile recording service to meet Dodd-Frank compliance

Tue, 10/09/2013 - 12:16

BT is joining forces with mobile operator Truphone to market a recording service for mobile devices to support US firms’ compliance with the Dodd-Frank Wall Street Reform Act. »

Gavel and scales

Macquarie Futures USA fined USD150,000 for failing to maintain adequate funds in secured accounts

Wed, 04/09/2013 - 13:46

The US Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against Macquarie Futures USA, a New York-based registered futures commission merchant (FCM), for failing to maintain adequate funds in secured accounts. »

Barred

CFTC permanently bars accountant Jeannie Veraja-Snelling over Peregrine audit failure

Tue, 27/08/2013 - 16:03

The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against Jeannie Veraja-Snelling, d/b/a Veraja-Snelling & Company, a certified public accountant and sole practitioner from Glendale Heights, Illinois, barring her from practicing before the Commission. »

Barred sign

CFTC to revoke CPO and CTA registrations of Veruus Wealth Management

Tue, 27/08/2013 - 06:06

The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of Veruus Wealth Management, a registered commodity pool operator and commodity trading advisor. »

Gavel and scales

SEC charges investment adviser over algorithmic trading ability claims

Thu, 22/08/2013 - 14:22

The Securities and Exchange Commission has charged a North Carolina-based investment adviser and its former owner for misleading an investment fund over the firm’s algorithmic currency trading ability. »

Two fingers

SEC charges two JP Morgan traders with fraudulently overvaluing investments to conceal losses

Fri, 16/08/2013 - 06:26

The Securities and Exchange Commission (SEC) has charged two former traders at JPMorgan Chase & Co with overvaluing investments in order to hide massive losses. »

Stop sign

SEC halts fraud by Ohio-based hedge fund manager

Thu, 15/08/2013 - 12:00

The Securities and Exchange Commission has filed an emergency action charging Anthony J Davian and his Richfield, Ohio-based asset management firm with defrauding investors in hedge funds they manage. »

Announcement

CFTC adopts harmonisation rules for registered investment companies

Wed, 14/08/2013 - 10:04

The Commodity Futures Trading Commission (CFTC) has issued a final rule with respect to certain compliance obligations for commodity pool operators (CPOs) of investment companies registered under the Investment Company Act of 1940 that are required to register due to the recent changes to Commission Regulation 4.5. »

Announcement

Monitor composition of indices when offering futures products, says SEC

Tue, 13/08/2013 - 16:03

The Securities and Exchange Commission has cautioned exchanges and investment professionals to monitor the composition of indices used in offering financial instruments to determine if they are security futures products and ensure they are complying with the federal securities laws.  »

Regulation

CFTC issues final rules for enhanced risk management standards for SIDCOs

Tue, 13/08/2013 - 14:00

The Commodity Futures Trading Commission (CFTC) has approved final rules to implement enhanced risk management standards for systemically important derivatives clearing organisations (SIDCO). »

features
Special report
Hedgeweek Special Report: Prime Brokerage 2015

Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »

Special report
Lyxor Asset Management - Why trend-following strategies are back on track

This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

Special report
Cayman Islands Hedge Fund Services 2014

Cayman Islands Hedge Fund Services 2014

Fri, 19/12/2014 - 10:24

With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »

Article
Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

latestjobs
Analyst Tech Investment Banking - NYC

Wed, 28 Jan 2015 00:00:00 GMT

Director Project Finance - Metals & Mining Latam

Wed, 28 Jan 2015 00:00:00 GMT

VP/Director - TCF Energy - NYC / Toronto

Wed, 28 Jan 2015 00:00:00 GMT

events
6 days 17 hours from now - Kuala Lumpur
1 week 3 days from now - Las Vagas
1 week 4 days from now - Florida
specialreports