North America http://www.hedgeweek.com/taxonomy/term/62/all en Advantage Futures, CEO and ex-chief risk officer to pay USD15.m to settle CFTC charges http://www.hedgeweek.com/2016/09/23/243989/advantage-futures-ceo-and-ex-chief-risk-officer-pay-usd15m-settle-cftc-charges <p><em><strong>Advantage Futures, a Chicago-based futures commission merchant (FCM), the firm&rsquo;s CEO Joseph Guinan and former chief risk officer William Steele are to jointly pay USD1.5 million to settle CFTC charges over supervision and risk management failures, and making inaccurate statements in CFTC fillings.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/23/243989/advantage-futures-ceo-and-ex-chief-risk-officer-pay-usd15m-settle-cftc-charges" target="_blank">read more</a></p> North America Fri, 23 Sep 2016 12:48:39 +0000 Emily.Perryman 243989 at http://www.hedgeweek.com SEC charges hedge fund manager Leon Cooperman with insider trading http://www.hedgeweek.com/2016/09/23/243958/sec-charges-hedge-fund-manager-leon-cooperman-insider-trading <p><em><strong>The Securities and Exchange Commission (SEC) has charged hedge fund manager Leon G Cooperman and his firm Omega Advisors with insider trading based on material non-public information he learned in confidence from a corporate executive.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/23/243958/sec-charges-hedge-fund-manager-leon-cooperman-insider-trading" target="_blank">read more</a></p> North America Fri, 23 Sep 2016 07:42:08 +0000 Emily.Perryman 243958 at http://www.hedgeweek.com Yieldbroker receives approval to access US market http://www.hedgeweek.com/2016/09/22/243919/yieldbroker-receives-approval-access-us-market <p><em><strong>Yieldbroker, Australia&rsquo;s over-the-counter (OTC) interest rate exchange, has become the first foreign-regulated, multilateral swap trading facility to receive long-term approval to access US-based customers.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/22/243919/yieldbroker-receives-approval-access-us-market" target="_blank">read more</a></p> North America Trading & Execution Thu, 22 Sep 2016 08:27:50 +0000 Emily.Perryman 243919 at http://www.hedgeweek.com Buy-side firms prioritise liquidity and relationships in broker selection process http://www.hedgeweek.com/2016/09/13/243526/buy-side-firms-prioritise-liquidity-and-relationships-broker-selection-process <p><em><strong>The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value, according to a study by TABB Group.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/13/243526/buy-side-firms-prioritise-liquidity-and-relationships-broker-selection-process" target="_blank">read more</a></p> North America Trading & Execution Tue, 13 Sep 2016 07:48:15 +0000 Emily.Perryman 243526 at http://www.hedgeweek.com Money market funds to reduce ABCP investments with new US and European regulation, says Moody’s http://www.hedgeweek.com/2016/09/12/243514/money-market-funds-reduce-abcp-investments-new-us-and-european-regulation-says-moo <p><em><strong>The overall volumes that money market funds (MMFs) invest globally in asset-backed commercial paper (ABCP) will likely fall as the prime MMF industry shrinks, says Moody&#39;s Investors Service.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/12/243514/money-market-funds-reduce-abcp-investments-new-us-and-european-regulation-says-moo" target="_blank">read more</a></p> North America Europe Mon, 12 Sep 2016 12:26:33 +0000 Emily.Perryman 243514 at http://www.hedgeweek.com Federal Court dismisses Yucaipa lawsuit against Black Diamond and Spectrum http://www.hedgeweek.com/2016/09/12/243471/federal-court-dismisses-yucaipa-lawsuit-against-black-diamond-and-spectrum <p><em><strong>Alternative investment firm Black Diamond Capital Management and alternative asset manager Spectrum Group Management have received a favourable ruling in their long running dispute with Yucaipa in connection with their investment in Allied Systems.&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/12/243471/federal-court-dismisses-yucaipa-lawsuit-against-black-diamond-and-spectrum" target="_blank">read more</a></p> North America Mon, 12 Sep 2016 07:56:00 +0000 Emily.Perryman 243471 at http://www.hedgeweek.com FASB proposes changes to hedge accounting guidance http://www.hedgeweek.com/2016/09/09/243420/fasb-proposes-changes-hedge-accounting-guidance <p><em><strong>The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that would make targeted improvements to the accounting guidance for hedging activities.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/09/09/243420/fasb-proposes-changes-hedge-accounting-guidance" target="_blank">read more</a></p> North America Fri, 09 Sep 2016 07:46:52 +0000 Emily.Perryman 243420 at http://www.hedgeweek.com CFTC charges Deutsche Bank with multiple swap reporting violations http://www.hedgeweek.com/2016/08/24/242917/cftc-charges-deutsche-bank-multiple-swap-reporting-violations <p><em><strong>The US Commodity Futures Trading Commission (CFTC) has charged Deutsche Bank with failing to report any swap data for multiple asset classes for five days, submitting incomplete and untimely swap data, failing to supervise its employees responsible for swap data reporting, having an inadequate business continuity and disaster recovery plan and violating a prior CFTC order.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/24/242917/cftc-charges-deutsche-bank-multiple-swap-reporting-violations" target="_blank">read more</a></p> North America Wed, 24 Aug 2016 07:48:40 +0000 Emily.Perryman 242917 at http://www.hedgeweek.com Former Goldman Sachs trader settles SEC fraud charges http://www.hedgeweek.com/2016/08/18/242763/former-goldman-sachs-trader-settles-sec-fraud-charges <p><em><strong>Edwin Chin, the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs, is to be barred from the securities industry and pay USD400,000 to settle charges that he repeatedly misled customers and caused them to pay higher prices.&nbsp;&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/18/242763/former-goldman-sachs-trader-settles-sec-fraud-charges" target="_blank">read more</a></p> North America Thu, 18 Aug 2016 06:57:47 +0000 Emily.Perryman 242763 at http://www.hedgeweek.com CFTC restricts registration of Steven A Cohen based on failure to supervise http://www.hedgeweek.com/2016/08/17/242716/cftc-restricts-registration-steven-cohen-based-failure-supervise <p><em><strong>The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke, suspend, or place restrictions on the registration of Steven A Cohen of Greenwich, Connecticut.&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/17/242716/cftc-restricts-registration-steven-cohen-based-failure-supervise" target="_blank">read more</a></p> North America Wed, 17 Aug 2016 07:30:30 +0000 Emily.Perryman 242716 at http://www.hedgeweek.com US hedge fund manager charged with fraud http://www.hedgeweek.com/2016/08/15/242612/us-hedge-fund-manager-charged-fraud <p><em><strong>US Federal prosecutors have charged San Francisco hedge fund manager Nicholas Mitsakos with fraud, alleging that he schemed to raise money for his fund by falsely representing past performance and overstating the value of assets under management.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/15/242612/us-hedge-fund-manager-charged-fraud" target="_blank">read more</a></p> North America Mon, 15 Aug 2016 06:27:53 +0000 Emily.Perryman 242612 at http://www.hedgeweek.com CFTC proposes to amend timing for filing chief compliance officer annual reports http://www.hedgeweek.com/2016/08/10/242485/cftc-proposes-amend-timing-filing-chief-compliance-officer-annual-reports <p><em><strong>The US Commodity Futures Trading Commission (CFTC) is to publish proposed amendments to CFTC regulation 3.3 which would provide futures commission merchants, swap dealers, and major swap participants additional time to file chief compliance officer annual report.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/10/242485/cftc-proposes-amend-timing-filing-chief-compliance-officer-annual-reports" target="_blank">read more</a></p> North America Wed, 10 Aug 2016 06:37:49 +0000 Emily.Perryman 242485 at http://www.hedgeweek.com FIX Trading Community releases recommended guidelines for use of FIX in multi-asset classes for post-trade http://www.hedgeweek.com/2016/08/08/242398/fix-trading-community-releases-recommended-guidelines-use-fix-multi-asset-classes- <p><em><strong>FIX Trading Community, the industry-driven standards body for global financial trading, has released new guidelines for the use of FIX in&nbsp;post-trade processing for multi-asset classes and a common post-trade framework.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/08/242398/fix-trading-community-releases-recommended-guidelines-use-fix-multi-asset-classes-" target="_blank">read more</a></p> North America Mon, 08 Aug 2016 09:04:35 +0000 Emily.Perryman 242398 at http://www.hedgeweek.com CFTC announces two cross-border related actions http://www.hedgeweek.com/2016/08/05/242355/cftc-announces-two-cross-border-related-actions <p><em><strong>The US Commodity Futures Trading Commission (CFTC) has announced two separate actions on how the rules related to the Dodd-Frank Wall Street Reform and Consumer Protection Act apply to cross-border transactions.&nbsp;</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/08/05/242355/cftc-announces-two-cross-border-related-actions" target="_blank">read more</a></p> North America Fri, 05 Aug 2016 08:14:12 +0000 mkitchen 242355 at http://www.hedgeweek.com MFA supports CFTC’s proposed expansion of interest rate swap clearing http://www.hedgeweek.com/2016/07/19/241762/mfa-supports-cftc%E2%80%99s-proposed-expansion-interest-rate-swap-clearing <p><em><strong>The Managed Funds Association (MFA) has submitted a comment letter in support of the Commodity Futures Trading Commission&rsquo;s (CFTC) proposed rules on the mandatory clearing of certain additional interest rate swap classes.</strong></em></p> <p><a href="http://www.hedgeweek.com/2016/07/19/241762/mfa-supports-cftc%E2%80%99s-proposed-expansion-interest-rate-swap-clearing" target="_blank">read more</a></p> North America Tue, 19 Jul 2016 09:00:31 +0000 Emily.Perryman 241762 at http://www.hedgeweek.com