Monique Melis, a Member at financial advisory firm Kinetic Partners, on the sentencing of Raj Rajaratnam to 11 years in prison for insider trading… Judge Richard Holwell’s agreement with the recommendation that sentencing should be 20-24 years shows that insider
The Commodity Futures Trading Commission’s (CFTC) division of market oversight has announced trueEX’s self-certification of available-to-trade determinations (MAT Determinations) for certain interest rate swap contracts. This self-certification includes certain interest rate swap contracts made available to trade via an earlier
Professional services firm KPMG has warned that the European Commission’s proposals for ‘one-size-fits-all’ regulation of alternative investment managers based within the European Union ma
Alter Domus is the first service provider to be authorised by the Luxembourg Financial Regulator (CSSF) to act as a professional depositary. Alter Domus has launched a depositary service to support its clients in meeting the new requirement for funds
The Channel Islands Stock Exchange (CISX) is planning to restructure. Jon Moulton (pictured), chairman of the CISX, says the exchange is seeking to introduce a new and improved operating model in around a month's time. Fiona Le Poidevin, chief executive
The Hedge Fund Standards Board, custodians of a set of Standards first drawn up in 2008 between global investors and hedge fund managers to promote best practice, are undergoing their third consultation. And with Dame Amelia Fawcett now at the
On Wednesday, March 28, 2012, United States District Judge Robert W Sweet of the Southern District of New York entered a final judgement in favour of the US Securities and Exchange Commission ordering total monetary relief of USD98.6 million from
Hennessee Group, a consultant and adviser to direct investors in hedge funds, has re-released a summary of recommendations to reduce fraud and systemic risk in the hedge fund industry.&
The Alternative Investment Management Association has condemned as ‘flawed’ the European Commission’s proposals for regulating alternative investment fund managers, which are due to be
Consolidating a number of recent tax proposals in this year’s Budget would boost the attractiveness of UK funds versus their offshore competitors, according to Rachel Hanger, investment
