Sign up for free newsletter

 

North America

Gavel and scales

SEC charges Silicon Valley exec over Galleon insider trading scheme

Mon, 29/10/2012 - 12:14

The Securities and Exchange Commission has charged a former senior executive at a Silicon Valley technology company for illegally tipping convicted hedge fund manager Raj Rajaratnam with non-public information that allowed the Galleon hedge funds to make nearly USD1m in illicit profits. »

Tax

Dion launches end-to-end FATCA product suite

Thu, 25/10/2012 - 06:06

Dion Global Solutions has launched its Foreign Account Tax Compliance Act (FATCA) solutions. »

Confidential file

CFTC clarifies foreign regulators’ indemnification and confidentiality obligations

Wed, 24/10/2012 - 06:11

The Commodity Futures Trading Commission has issued final interpretative guidance to, under certain circumstances, exempt foreign regulators from the indemnification and confidentiality provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act.  »

Law books and gavel

CFTC orders Morgan Stanley Smith Barney to pay USD200,000 for supervision violations

Tue, 23/10/2012 - 14:34

The US Commodity Futures Trading Commission has issued an order filing and settling charges that Morgan Stanley Smith Barney, a futures commission merchant based in Purchase, New York, violated CFTC regulation 166.3 by failing to diligently supervise its employees’ handling of customer accounts. »

Computer screen

Advise Technologies launches CPO-PQR/CTA-PR solution

Tue, 23/10/2012 - 12:04

Advise Technologies, a software solutions provider for global regulatory compliance, has launched the CPO-PQR and CTA-PR reporting module for its Consensus RMS suite of regulatory reporting solutions. »

Tick

More than 1,500 advisers registered with SEC since financial reform law

Mon, 22/10/2012 - 12:03

A total of 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated such registration. »

Fraud

SEC charges former hedge fund adviser Yorkville with fraud

Thu, 18/10/2012 - 10:13

The Securities and Exchange Commission has charged a former USD1bn hedge fund advisory firm and two executives with scheming to overvalue assets under management and exaggerate the reported returns of hedge funds they managed in order to hide losses and increase the fees collected from investors. »

Letter

CFTC provides registration no-action relief for certain swaps intermediaries

Mon, 15/10/2012 - 10:35

The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight (DSIO) has issued a no-action letter to provide relief from registration for various swaps intermediaries until 31 December 2012.  »

Fraud

SEC charges Chicago-based investment adviser and owners with fraud

Mon, 08/10/2012 - 14:09

The Securities and Exchange Commission has charged Chicago-based GEI Financial Services and its owners, Norman Goldstein and Laurie Gatherum, for defrauding their advisory clients — including the GEI Health Care Fund 2001 — by taking at least USD147,000 in excessive fees and capital withdrawals from the fund since 2009. »

Gavel and scales

CFTC files record number of enforcement cases in 2012

Mon, 08/10/2012 - 12:14

The Commodity Futures Trading Commission filed 102 enforcement cases in fiscal year 2012, the highest number of cases ever in a single year. »

Letter

CFTC provides guidance on combined omnibus accounts

Fri, 05/10/2012 - 16:09

The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight has released a letter providing guidance to registered futures commission merchants (FCMs). »

Fraud

SEC charges hedge fund managers with defrauding investors

Fri, 05/10/2012 - 12:11

The Securities and Exchange Commission has separately charged a pair of hedge fund managers and their firms with lying to investors about how they were handling the money invested in their respective hedge funds. »

Ponzi scheme

Oscar Hernandez and companies to pay USD1.4m over commodity pool Ponzi scheme

Wed, 03/10/2012 - 11:57

Oscar Hernandez of Miami, Florida and his companies, Midway Trading Company and Conquest Investment Group, are to pay a USD1.4m civil monetary penalty to settle CFTC charges that they operated a multi-million dollar commodity pool Ponzi scheme and misappropriated customer funds for personal use. »

Fraud

CFTC charges Boston resident John Wilson and his company with commodity pool fraud

Mon, 01/10/2012 - 14:17

The US Commodity Futures Trading Commission has filed a civil complaint in the federal district court in Boston, Massachusetts, against Boston-based John B Wilson and his company, JBW Capital. »

Barred

FSA bans Swiss fund manager and two former Cantor Fitzgerald traders for market abuse

Mon, 01/10/2012 - 10:06

The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority to fine Stefan Chaligné, a Swiss-based hedge fund manager, GBP900,000 plus disgorgement of the financial benefit he obtained of EUR362,950 and Patrick Sejean, a former senior salesman on Cantor Fitzgerald Europe’s (CFE) London-based French desk, GBP650,000. »

Commodities

CFTC charges Eric Schmickle and Q Wealth Management over USD5.3m commodity futures fraud

Fri, 28/09/2012 - 16:13

The US Commodity Futures Trading Commission has filed a civil enforcement action against Wisconsin resident Eric N Schmickle and his company, Q Wealth Management. »

Fraud

CFTC seeks to revoke registrations of Gordon Driver and Axcess Fund Management

Thu, 27/09/2012 - 16:10

The US Commodity Futures Trading Commission has filed a notice of intent to revoke the registrations of Gordon A Driver and Axcess Fund Management. »

Barred

CFTC seeks to revoke registrations of Victor E Cilli and Progressive Investment Funds

Wed, 26/09/2012 - 14:24

The US Commodity Futures Trading Commission has filed a notice of intent to revoke the registrations of Victor E Cilli and Progressive Investment Funds (PIF). »

Ponzi scheme

SEC charges Atlanta-based adviser over Ponzi-like scheme involving private investment funds

Fri, 21/09/2012 - 12:03

The Securities and Exchange Commission has announced charges against a private fund manager and his Atlanta-based investment advisory firm for defrauding investors in a purported fund of funds and then trying to hide trading losses by creating new private funds to make money to pay back the original fund investors in Ponzi-like fashion. »

Currency cogs

CFTC charges Florida resident with Forex fraud and misappropriation

Mon, 17/09/2012 - 10:08

The US Commodity Futures Trading Commission has announced that Judge James D Whittemore of the US District Court for the Middle District of Florida has entered an emergency order freezing the assets of defendant William Jeffery Chandler of Ft Myers, Florida. »

Richard Heller, chairman of the HFA’s Regulatory and Government Advisory Board

Hedge Fund Association asks SEC for clear rules on verifying investor accreditation

Fri, 14/09/2012 - 10:02

The Hedge Fund Association (HFA) has asked the Securities and Exchange Commission in a comment letter to specifically tell private fund managers what they will need to do to safely verify whether investors are accredited, should they want to advertise after the rules in the Jump Start Our Business Start-ups Act (JOBS Act) are finalised. »

Barred

CFTC to revoke registrations of Linda Faye Harris, CDH Forex and CDH Global

Thu, 13/09/2012 - 12:50

The US Commodity Futures Trading Commission has filed a notice of intent to revoke the registrations of Linda Faye Harris, CDH Forex Investments and CDH Global Holdings, all of Flower Mound, Texas. »

Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C GlobeOp files initial Form PF for clients

Tue, 11/09/2012 - 16:22

SS&C GlobeOp has filed the initial Form PF for clients using its Form PF service offering. »

Frozen assets

CFTC freezes assets of Nikolai S Battoo and four companies

Mon, 10/09/2012 - 14:02

The US Commodity Futures Trading Commission has filed an emergency court action to freeze assets under the control of Nikolai S Battoo, BC Capital Group, BC Capital Group International, BC Capital Management and BC Capital Group Holdings. »

Fraud

NY-based investment advisory firm and founder settle charges for defrauding CDOs

Mon, 10/09/2012 - 11:54

New York-based investment advisory firm ICP Asset Management and its founder and president Thomas C. Priore have agreed to settle the Securities and Exchange Commission’s charges that they defrauded several collateralised debt obligations (CDOs) they managed. »

Law books and gavel

Blue Sky Capital Management to pay USD140,000 over false statements to NFA

Mon, 10/09/2012 - 06:42

The US Commodity Futures Trading Commission has obtained a federal court order requiring Blue Sky Capital Management and its principal, Gregory M Schneider, jointly and severally to pay a USD140,000 civil monetary penalty for making false statements to representatives of the National Futures Association (NFA). »

Fraud

SEC charges attorney and two South Florida residents over USD27.5m investment fraud

Thu, 06/09/2012 - 12:07

The Securities and Exchange Commission has charged an attorney and two others living in South Florida for their roles in a USD27.5m investment scheme that led investors to believe they were purchasing securities consisting of “pre-sold” commodities contracts with a pre-determined profit. »

Law books and gavel

SEC charges California man for illegal tips to hedge fund manager

Thu, 06/09/2012 - 06:20

The Securities and Exchange Commission has charged a California man with illegally tipping a hedge fund manager with inside information about Nvidia Corporation’s quarterly earnings that he learned from his friend who worked at the company. »

Currency cogs

Christopher B Cornett to pay over USD17m in foreign currency fraud action

Mon, 03/09/2012 - 12:03

The US Commodity Futures Trading Commission has obtained a federal court order of default judgment and permanent injunction requiring defendant Christopher B Cornett of Buda, Texas, to pay USD10.16m in restitution and a USD6.78m civil monetary penalty in connection with a foreign currency pooled investment fraud. »

Handcuffs and money

Charles Goodie and CSG to pay nearly USD1.2m for commodity pool fraud

Mon, 03/09/2012 - 10:16

The US Commodity Futures Trading Commission has obtained a consent order imposing a USD700,000 civil monetary penalty against defendants Charles Steven Goodie of San Diego, California, and his California-based business CSG Commodity Service Group. »

events
1 day 6 hours from now - Dubai
1 day 6 hours from now - New York
3 days 6 hours from now - London
1 week 2 days from now - Luxembourg
listingsdirectory
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
Calastone
Mon, 29/02/2016 - 15:20
BRT SA
Mon, 12/10/2015 - 14:59
training
Mon, 16/05/2016   - London
specialreports
other gfm publications