The Securities and Exchange Commission has filed fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised at least $40 million
Both Blockchain.com and Deribit were part of a group of creditors who pushed for troubled cryptocurrency hedge fund Three Arrows Capital (3AC) to ordered into liquidation, according to a report by Bloomberg. Cryptocurrency exchange Blockchain.com is also reported to have
Hedge fund D E Shaw and four of its senior executives have been ordered two pay $52 million in a defamation case brought by a former partner, according to a report by the New York Times. A panel of Financial
Troubled cryptocurrency hedge fund Three Arrows Capital (3AC) has been reprimanded by the Monetary Authority of Singapore (MAS) for providing false information and exceeding a limit on assets under management (AUM) for a registered fund management company, according to a
Troubled cryptocurrency hedge fund Three Arrows Capital is in liquidation following a ruling by a court in the British Virgin Islands (BVI), according to a report by Sky News. Partners from BVI-based Teneo have reportedly been lined up to deal
Investment advisory firm Weiss Asset Management has agreed to pay approximately $6.9 million to settle US Securities and Exchange Commission (SEC) charges that it violated federal securities laws when it unlawfully purchased stock in seven public offerings after selling short
The Managed Funds Association (MFA), a trade association for the global hedge fund and alternative asset management industry, has submitted a second comment letter to the US Securities and Exchange Commission (SEC) re-emphasising fundamental flaws with the proposed Private Fund
Hedge funds are spreading misinformation by claiming they have the backing of the largest US unions in their ‘fight’ against new financial regulations, according to a report by The Financial Times. Following the collapse of Archegos Capital Management, the Securities
The Managed Funds Association, which represents 150 of the world’s leading global hedge funds, with nearly $2.6tn AUM, has made a complaint (against the London Metal Exchange (LME) over the recent suspension of nickel market trading. Jennifer W Han, Executive
Hedge fund manager Elliott Associates has launched a $456 million lawsuit against the London Metal Exchange (LME) following the suspension and cancellation of nickel trades on the Hong Kong Exchanges and Clearing-owned platform, according to a report by Reuters.
