Sign up for free newsletter

 

North America

Two fingers

SEC charges two feeders over Ponzi schemes

Wed, 23/05/2012 - 11:00

The Securities and Exchange Commission has charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida. »

Approved stamp

CFTC approves final rule on swap data record-keeping and reporting requirements

Mon, 21/05/2012 - 16:00

The US Commodity Futures Trading Commission (CFTC) has approved a final rule on swap data record-keeping and reporting requirements for counterparties to pre-enactment swaps, those swaps executed prior to passage of the Dodd-Frank Act, and transition swaps, those entered into between the law’s enactment date and the applicable compliance date for swap data record-keeping and reporting. »

Orange fraud sign with magnifying glass

SEC charges Seattle-based fund manager Spangler with fraud

Mon, 21/05/2012 - 10:49

The Securities and Exchange Commission has charged a Seattle-based financial adviser and his firm with defrauding clients by secretly investing their money in two risky start-up companies he co-founded. »

Orange fraud sign with magnifying glass

Ronald E Satterfield and Nicholas and Patricia Bos to pay USD7.5m over forex Ponzi scheme

Fri, 18/05/2012 - 11:24

The US Commodity Futures Trading Commission (CFTC) has obtained two federal court consent orders of permanent injunction against Ronald E Satterfield and Nicholas and Patricia Bos. »

Orange fraud sign with magnifying glass

CFTC charges Michael J Leighton with USD1.6m commodity pool fraud

Tue, 15/05/2012 - 06:00

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the US District Court for the Central District of California, charging Michael J Leighton of Torrance, California, with solicitation fraud and issuing false statements in connection with the operation of a commodity trading pool.  »

Robert Khuzami, Director of the  Division of Enforcement. SEC

Martin Currie to pay USD14m to settle SEC and FSA charges

Fri, 11/05/2012 - 12:00

The Securities and Exchange Commission has charged Scottish fund management group Martin Currie for fraudulently using one of its US fund clients to rescue another client, a China-focused hedge fund struggling in the midst of the global financial crisis. »

Orange fraud sign

CFTC charges Madison Dean with forex fraud

Fri, 11/05/2012 - 10:00

The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the US District Court for the Eastern District of New York charging Madison Dean, Inc of Wantagh, NY, and its principals, George Athanasatos, also of Wantagh, and Laurence Dodge of Fresh Meadows, NY, with fraudulently soliciting approximately 19 persons to invest approximately USD415,000 in managed trading accounts to trade off-exchange foreign currency (forex) contracts on a leverage or margined basis. None of the defendants has ever been registered with the CFTC. »

Judgment hammer

SEC obtains final judgement on consent against James Fleishman

Thu, 10/05/2012 - 12:00

The Honourable Jed S Rakoff, United States District Judge, United States District Court for the Southern District of New York, has entered a Final Judgment on consent as to James Fleishman in the SEC’s insider trading case, entitled SEC v Mark Anthony Longoria, et al, 11-CV-0753 (SDNY) (JSR). »

money frozen in a block of ice

CFTC charges Dimitry Vishnevetsky and Oxford Capital with commodity pool fraud

Tue, 08/05/2012 - 12:03

The Honourable Ruben Castillo, of the US District Court for the Northern District of Illinois, entered an order freezing the assets of defendants Dimitry Vishnevetsky of Chicago, and his company, Oxford Capital, LLC (OCL), a defunct Wisconsin limited liability company. The court’s order also prohibits the destruction of books and records. »

Orange fraud sign with a magnifying glass

CFTC charges Christopher Hales, Eric Richardson and Bentley Equities with fraud and Misappropriation

Fri, 04/05/2012 - 12:45

The US Commodity Futures Trading Commission (CFTC) has filed a federal court action in Utah charging Bentley Equities, LLC (Bentley), a Delaware corporation, and its principals, Christopher D Hales and Eric A Richardson, with fraud and misappropriation in connection with commodity futures trading. »

Judgement hammer

Court of appeal upholds USD62m Lauer judgement

Fri, 04/05/2012 - 10:00

The United States Court of Appeals for the Eleventh Circuit has affirmed the District Court’s grant of summary judgment against Michael Lauer, who controlled several hedge funds. »

orange fraud sign with magnifying glass

CFTC charges Sidney J Charles, Jr and The Borrowing Station over forex Ponzi scheme

Thu, 03/05/2012 - 10:00

The US Commodity Futures Trading Commission (CFTC) has filed a federal court action charging Sidney J Charles, Jr, formerly of Bowie, Md, and his company, The Borrowing Station, LLC (Borrowing Station), of Bowie, Md, with fraud, misappropriation, and registration violations in connection with an off-exchange leveraged foreign currency (forex) Ponzi scheme. »

No fraud sign

SEC files action against RKC Capital

Wed, 02/05/2012 - 13:45

The Securities and Exchange Commission has filed a Complaint in federal district court against RKC Capital Management LLC, RKC Capital, LLC (RKC) and Russell K Cannon (Cannon), (collectively “Defendants”). »

Judgement hammer

Court dismisses Jenkins’ appeal

Wed, 02/05/2012 - 10:00

The US Court of Appeals for the First Circuit has entered an order dismissing the appeal of Leila C Jenkins, the principal of Rhode Island-based investment adviser Locke Capital Management. »

No Fraud sign

PassThrough Investments and principals pay USD1.1m to settle CFTC forex fraud charges

Fri, 27/04/2012 - 12:57

The US Commodity Futures Trading Commission (CFTC) has issued an order settling charges that PassThrough Investments, LLC (PTI) (aka PassThrough Investments Group, LLC), and its principals, Stephen Brantley and Dwayne Bryant Dawson, all of Spring, Texas, fraudulently solicited and accepted at least USD2.6 million from at least 60 members of the public to participate in an off-exchange foreign currency (forex) pool that traded on a leveraged or margined basis. »

US dollars frozen in a block of ice

Court freezes assets of Robert A Christy and Crabapple Capital over forex fraud

Fri, 27/04/2012 - 10:00

Judge Richard W Story of the US District Court for the Northern District of Georgia, has entered an emergency order freezing the assets of defendants Robert A Christy of Milton, Georgia, and his company Crabapple Capital Group LLC (Crabapple) of Alpharetta, Georgia. »

Don Steinbrugge, Agecroft Partners

JOBS Act to revolutionise hedge fund marketing

Tue, 24/04/2012 - 11:47

The hedge fund industry is an indirect beneficiary of the new JOBS Act in the USA as it will revolutionise how alternative investment funds are marketed to the public, according to Don Steinbrugge of Agecroft Partners… »

Orange fraud sign with magnifying glass

SEC charges twins over ‘robot pump and dump’ scheme

Mon, 23/04/2012 - 11:34

The Securities and Exchange Commission has charged twin brothers from the UK with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme. According to the SEC allegations, the brothers touted a fake “stock picking robot” that purportedly identified penny stocks set to double in price. Instead, they were merely touting stocks they were being paid separately to promote. »

Blue information sign

Volcker Rule conformance period clarified

Fri, 20/04/2012 - 11:57

The Federal Reserve Board has announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called Volcker Rule, has the full two-year period provided by the statute to fully conform its activities and investments, unless the Board extends the conformance period. »

Orange Fraud sign with magnifying glass

Federal Court orders Flint-McClung Capital to pay over USD6m

Thu, 19/04/2012 - 15:00

The US District Court for the District of Colorado has entered an order against defendants Flint-McClung Capital LLC (FMC), of Englewood, Colorado, and Shawon McClung, formerly of Denver, Colorado, requiring them jointly and severally to pay restitution of USD1,701,250 and a USD4.3 million civil monetary penalty. The order also imposes permanent trading and registration bans against the defendants. »

Robert Khuzami, Director of the Division of Enforcement, SEC

SEC charges optionsXpress over abusive naked short selling scheme

Wed, 18/04/2012 - 10:00

The Securities and Exchange Commission has charged an online brokerage and clearing agency specialising in options and futures as well as four officials at the firm and a customer involved in an abusive naked short selling scheme. »

Barred sign

SEC shuts down Ponzi scheme targeting LA Persian-Jewish community

Tue, 17/04/2012 - 06:00

The Securities and Exchange Commission has obtained an emergency court order to halt an ongoing Ponzi scheme that targeted members of the Persian-Jewish community in Los Angeles. »

Orange fraud sign with magnifying glass

CFTC charges Brad Lee Demuzio and Demuzio Capital Management over forex Ponzi scheme

Mon, 16/04/2012 - 16:00

The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in Idaho charging Brad Lee Demuzio of Chubbuck, Idaho and his company, Demuzio Capital Management, with operating a Ponzi scheme that solicited nearly USD1.8 million. »

Hands holding prison bars

Robert Stinson, Jr sentenced to 33 years over Ponzi scheme

Fri, 13/04/2012 - 16:00

Robert Stinson, Jr, of Berwyn, Pennsylvania, has been sentenced to 33 years in federal prison, followed by three years of supervised release, and ordered to pay more than USD14 million in restitution for orchestrating a Ponzi scheme that defrauded at least 263 investors of more than USD17 million. »

Gavel and scales

US JOBS Act remakes standards for HF and PE fund offerings

Thu, 12/04/2012 - 15:00

President Obama on 5 April, 2012 signed into law the Jumpstart Our Business Startups Act (JOBS Act), which seeks to eliminate certain restrictions on capital formation and to encourage economic growth in the United States by “improving access to the public capital markets for emerging growth companies,” a new category of issuers created by the Act. »

Orange fraud sign with magnifying glass

Final judgement entered against David E Howard II and Flatiron

Thu, 12/04/2012 - 14:05

The United States District Court for the Central District of California has entered a Final Judgment against David E Howard II, Flatiron Capital Partners, LLC (FCP), and Flatiron Systems, LLC (FS). »

Judgement hammer

SEC obtains final judgments on consent against Diamondback

Thu, 12/04/2012 - 11:06

The Honourable Harold Baer, Jr, United States District Judge, United States District Court for the Southern District of New York, entered a Final Judgment on Consent as to Diamondback Capital Management LLC on 6 April, 2012, in the SEC’s insider trading case, SEC v. Spyridon Adondakis et al., Civil Action 12-CV-0409 (SDNY) (HB). »

Lawsuit book and gavel

GenSpring faces lawsuit over hedge funds in USD57m portfolio in case filed by Vernon and Dovin Legal Team

Mon, 02/04/2012 - 06:00

GenSpring Family Offices breached its fiduciary duty and committed gross negligence when it failed to adequately diversify the USD57 million portfolio of an ultra high net worth individual and misrepresented that hedge funds it recommended would perform like bonds, according to an arbitration claim filed by the law firms of Vernon Healy and Dovin Malkin & Ficken. »

Law books and gavel

SEC obtains preliminary injunction in New York investment adviser case

Thu, 29/03/2012 - 14:44

The US District Court for the Eastern District of New York has issued an order granting a preliminary injunction and other relief against Brian Raymond Callahan of Old Westbury, New York, and Callahan’s investment advisory firms, Horizon Global Advisors Ltd., and Horizon Global Advisors, LLC. »

Red Barred sign

CFTC looks to revoke registrations of Illinois resident Joseph A Dawson and Strategic Research LLC

Thu, 29/03/2012 - 14:41

The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of Illinois resident Joseph A Dawson (Dawson) and his company, Strategic Research LLC (SR), a registered Commodity Pool Operator (CPO). Dawson is the president and sole principal of SR and has been a registered Associated Person of SR since 13 February, 2009. »

features
Article
Ken MacCuish, Intralinks

A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.  ... »

Article
Sovereign Wealth Funds

Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review.  ... »

Special report
Hedgeweek Special Report: Hedge Fund Administration

Hedge Fund Administration 2015

Tue, 16/06/2015 - 09:57

Mergers and acquisitions in recent years have changed the face of hedge fund administration. Big custodial banks are likely to dominate the HFA space in years to come, forming one part of a barbell with a number of well-run, well-capitalised independent HFAs on the other end. This report examines the implications for both hedge funds and their administrators... »

Article
North America

Private debt in North America

Fri, 05/06/2015 - 12:06

The North American private debt industry has seen substantial growth in assets over the last decade. This extract from the Preqin Special Report: Private Debt in North America looks at the current state of private debt fundraising and funds currently in market. ... »

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... »

latestjobs
Equity Sales / Sales Trading - Chicago

Thu, 02 Jul 2015 00:00:00 GMT

VP/Director Project Manager-Investment Bank

Thu, 02 Jul 2015 00:00:00 GMT

Senior Developer-Global Arbitrage and Trading

Thu, 02 Jul 2015 00:00:00 GMT

events
4 days 3 hours from now - Hong Kong
2 weeks 2 days from now - Rhode Island
specialreports