He Qin, founder of the Virgil Sigma Fund LP (Virgil Sigma) and the VQR Multistrategy Fund LP (VQR), a pair of cryptocurrency hedge funds in New York, which claimed to have over USD100 million dollars in investments, has been sentenced to 90 months in prison.
Legal & Regulation
The Australian Securities and Investments Commission (ASIC) has banned Dylan Christopher Rands, of Sydney, NSW, from providing financial services for five years after finding he engaged in market manipulation.
New research exposes extent of impact on UK investment firms under the FCA’s new Investment Firms’ Prudential Regime
Wheelhouse Advisors, an award-winning provider of prudential management, regulatory reporting, accounting, tax and payroll services to the financial services sector has released a new report detailing the findings of in-depth impact assessment work, undertaken with clients over the past 12 months.
With the recent arrival of experienced antitrust and M&A lawyer Miguel Vaz, European law firm Fieldfisher is now providing a "one-stop-shop" service to a number of top tier investors and hedge funds, focused on risk-adjusted merger arbitrage investment opportunities.
Law form Venable has obtained a preliminary injunction on behalf of client Hedgeye Risk Management against former managing director Darius Dale for stealing the investment research house's financial models before resigning to start his own competing business.
Whistleblower lawyers from Kohn, Kohn & Colapinto and the National Whistleblower Center have submitted comments for a proposed rule change to the SEC Whistleblower Program. The final vote on the rules is set for September 2021.
Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), has revealed that the SEC is reviewing its whistleblower programme.
Grayscale Investments, a digital currency asset manager and the manager of Grayscale Digital Large Cap Fund (OTCQX: GDLC) (the Fund), has announced that the Registration Statement on Form 10 that it filed with the Securities and Exchange Commission (SEC) on behalf of the Fund has become effective.
If you’re a member of an LLP, you need to watch out to avoid being caught unexpectedly by the Salaried Member Rules. Stephen Kenny (pictured) from Blick Rothenberg’s Financial Services team looks at the rules in more detail and explains what you need to know.
The Securities and Exchange Commission has announced fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that he perpetrated in the accounts of his close family members, netting more than USD3.6 million in illicit gains.