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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). »

Gavel and scales

CFTC charges Lloyds over LIBOR manipulation

Tue, 29/07/2014 - 10:08

The US CFTC has issued an order against Lloyds Banking Group and Lloyds Bank, bringing and settling charges for acts of false reporting and attempted manipulation of the London Interbank Offered Rate (LIBOR) for Sterling, US Dollar and Yen. »

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.  »

features

Special Reports

Cybersecurity for fund managers 2016

Cybersecurity for fund managers 2016

Wed, 13/07/2016 - 23:35

Outlook

Frank Hatheway, Nasdaq

Special Reports

Guide to ETFs for Wealth & Asset Managers
AIFs and UCITS - What's next? Part One

AIFs and UCITS - What's next? Part One

Tue, 14/06/2016 - 12:58

Hedge Fund Technology Innovations 2016

Hedge Fund Technology Innovations 2016

Thu, 09/06/2016 - 11:31

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