The Securities and Exchange Commission has charged a Pennsylvania investment adviser with operating an investment advisory fraud involving over USD100 million in investments. The SEC also obtained an emergency asset freeze.
Legal & Regulation
The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC.
By Blake Estes, counsel in Alston & Bird’s Financial Services & Products Group – Following the financial crisis, the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions (IOSCO), as directed by the G-20 countries, developed consistent global standards for margin requirements for uncleared derivatives to reduce systemic risk in the derivatives markets.
Capital markets and banking technology specialist Sensiple is bringing its Regtech product SETREGA for MiFIDII, SFTR and EMIR compliance and reporting to the FR2 data centre in Frankfurt as part of a new agreement with Transaction Network Services (TNS).
A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December.
In a new study of the nation’s largest SEC-registered hedge fund advisers, data reveals that advisers are taking a conservative, long-term approach to their business decisions, regardless of asset declines experienced by many from 2017 to 2018.
US Commodity Futures Trading Commission Chairman Heath P Tarbert has announced the following appointments to the CFTC’s executive leadership team.
Research by global financial services regulatory consultancy Bovill finds that despite the FCA pursuing 19 investigations under the Senior Managers and Certification Regime (SMCR), to date there has been only one successful enforcement action.
Principal of binary options trading to pay USD200,000 for illegal off-exchange trading and registration violations
The US Commodity Futures Trading Commission has issued an order filing and settling charges against Curtis Dalton of Middleton, Massachusetts, requiring him to pay USD200,000 for offering illegal off-exchange retail commodity transactions to US and overseas customers while failing to be registered by the CFTC as required.
Could technological advances hold the key to hedge fund managers meeting both the increased service expectations of investors, and fulfilling new regulatory requirements? Joe McGrath investigates…