Commodity trader Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa is to pay USD2.1 million to settle a CFTC charges relating to a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf of
The European Securities and Markets Authority (ESMA) has published its first report on trends, risks and vulnerabilities in European Union securities markets and a risk dashboard for the fourth quarter 2012. The report looks at the performance of securities markets
The Bermuda Monetary Authority (Regulatory Fees) Amendment Act 2010, which includes changes to the Investment Funds Act 2006, as amended, is now in effect. In addition to increases in annual business fees for funds and fund administrators under the
More than 50 per cent of fund managers, prospective clients and consultants attending a recent Northern Trust seminar on the European Union's Alternative Investment Fund Manager Directive (AIFMD) said they believed investors would still not be engaged in AIFMD considerations
European law firm Fieldfisher has launched Cummings Fisher, a specialist law firm focusing on hedge funds, derivatives and the alternative investment management sectors. Cummings Fisher is led by its three principal partners: Managing Partner Claire Cummings, who founded Cummings Law
The FCA has released a statement on the selling high-risk speculative investments to retail clients following ESMA’s action on CFD products… In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and
The Alternative Investment Management Association has welcomed the lifting of the Australian short selling ban. Andrew Baker, Aima chief executive, says the lifting of the ban means there is now broad international consensus that short selling is a legitimate market
While the economy remains a concern, hedge fund CFOs say addressing new regulatory requirements and meeting evolving investor expectations are the biggest challenges for 2011, according to a poll by SEI. The poll, conducted recently at the company’s annual
The Alternative Investment Management Association says it is ‘very concerned’ about the manner in which the European Commission’s directive on the industry has been drafted.
Andrew Lowin, Technical Director of Consulting at Kinetic Partners, comments on the FCA’s decision to give UK AIFM’s a reprieve on capital requirements under the AIFMD… The FCA has been working with the AIFM industry to better understand the impact
