The Securities and Exchange Commission (SEC) has charged Jefferies with failing to supervise employees on its mortgage-backed securities desk who were lying to customers about pricing. An SEC investigation found that Jefferies representatives including Jesse Litvak, who the SEC charged
Lombard Risk Management has addressed Title VII of the Dodd-Frank Act with its Dodd-Frank Act Engine solution. The Lombard Risk Dodd-Frank Act Engine solution is designed to address Title VII “Wall Street transparency and accountability – regulation of the OTC swaps markets” issue. This requires reporting
Alceda Asset Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the German Federal Financial Supervisory Authority (BaFin). The licence will enable Alceda to work with initiators of alternative investment funds (AIFs) covering both
The Financial Services Authority’s attempts to set and communicate an actionable implementation plan for liquidity risk have so far failed, according to the results of three surveys by
Gibraltar could benefit from a change to Luxembourg law, which has slowed down the launch of specialised investment funds in the Grand Duchy. On 6 March 2012, the Luxembourg parliament passed a bill of law amending the Luxembourg law of
The Alternative Investment Management Association has warned that the European Commission’s draft directive on Alternative Investment Fund Managers would hit fund managers and investors
HedgeOp Compliance has launched its ADVassist hedge fund adviser registration service.
The Bermuda House of Assembly has passed six bills which aim to improve the operations of businesses in Bermuda, according to an update by Fiona Gores of international law firm Appleby.
The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against James Giacomo Brandolino, previously of Joliet, Illinois, for conducting a number of fraudulent commodity futures investment schemes and misappropriating customer funds. The CFTC order requires Brandolino
The US Commodity Futures Trading Commission (CFTC) has filed an anti-fraud civil lawsuit charging defendants PMC Strategy, LLC (PMC) of Monroe, NC, and its principals, Michael Hudspeth of Statesville, NC, and Timothy Bailey of Monroe, NC, with committing fraud in
