US Legal & Regulation

Magnifying glass

DTCC supports legislation to ensure continued market transparency and global data sharing

The Depository Trust & Clearing Corporation (DTCC) has expressed continued support for legislation that would resolve issues surrounding the indemnification provisions and confidentiality requirements of the Dodd-Frank Act. »


Approved stamp

CFTC and SEC approve joint final rule governing identity theft

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission have jointly issued final rules and guidelines to require certain regulated entities to establish programmes to address risks of identity theft. »


Deborah Prutzman, chief executive and founder of RFG

Regulatory Fundamentals Group launches FATCA Watch

The Regulatory Fundamentals Group (RFG), a New York-based firm that provides business and regulatory insights for alternative funds, institutional investors and their advisers, has released FATCA Watch, a customised "issue spotting" tool to help advisers and fund managers quickly determine their exposure to the Foreign Account Tax Compliance Act. »


Regulation

SEC streamlines rule filing requirements for dually registered clearing agencies

The Securities and Exchange Commission has adopted a final rule that streamlines the process for rulemaking by clearing agencies that are registered with both the SEC and the Commodity Futures Trading Commission (CFTC). »


Letter

CFTC’s DSIO issues no-action letter for commodity pool operators of securitisation vehicles

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a time-limited no-action letter for commodity pool operators of securitisation vehicles. »


Ponzi Scheme

Third distribution of recovered funds to Madoff claims holders totals USD506.2m

Irving H Picard, SIPA trustee for the liquidation of Bernard L Madoff Investment Securities, is currently distributing approximately USD506.2m on a pro rata basis to BLMIS account holders with allowed claims. »


Law books and gavel

SEC charges Sigma Capital portfolio manager with insider trading

The Securities and Exchange Commission has charged Michael Steinberg, a portfolio manager at New York-based hedge fund advisory firm Sigma Capital Management, with trading on inside information ahead of quarterly earnings announcements by Dell and Nvidia Corporation. »


Regulation

CFTC approves regulations governing dual and multiple associations of APs of SDs and MSPs

The Commodity Futures Trading Commission (CFTC) has approved final regulations governing dual and multiple associations of associated persons (APs) of swap dealers (SDs), major swap participants (MSPs) and other Commission registrants.  »


Gavel and scales

SEC charges California-based hedge fund analyst and two others with insider trading

The Securities and Exchange Commission has charged a California-based hedge fund analyst with insider trading in advance of a merger of two technology companies based on non-public information he received from his friend who was an executive at one of the companies. »


Lawsuit

Legal-Bay in talks with hedge funds and banks to raise more lawsuit funding capital

Legal-Bay, a US lawsuit settlement funding firm for BP Gulf of Mexico oil spill plaintiffs, has been in talks with several foreign institutional hedge fund investors as well as traditional banks to raise more funding capital.  »


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Mon, 12/05/2014 (All day) - Dubai
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