Irving H Picard, SIPA Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), has filed two motions with the US Bankruptcy Court seeking approval of recovery agreements totalling USD543m for BLMIS customers. The motions seek court approval to

The technical committee of the International Organisation of Securities Commissions has launched task forces to examine issues associated with short selling, unregulated financial markets

The French and German governments have been urging action for months to tackle what they see as a lack of constraints on hedge funds and their managers that has contributed to the global c

Kuwait-based Global Investment House says that following the court-ordered suspension of the Kuwait Stock Exchange last week, the national authorities need to act decisively to restore inv

The National Futures Association has permanently barred from NFA membership True Vector Trading Group, an introducing broker formerly located in Delray Beach, Florida, and its principal James Douglas of Galveston, Texas. The decision, issued by NFA’s business conduct committee, is

The US Commodity Futures Trading Commission and UK Financial Services Authority have signed a memorandum of understanding to enhance cooperation and the exchange of information relating to

The European Private Equity and Venture Capital Association has welcomed an acceptance by Poul Nyrup Rasmussen, president of the PES, that there should be proper consultation with indus

A new draft of the European Union’s Directive on Alternative Investment Fund Managers includes an option that would bar funds domiciled in outside

The International Organization of Securities Commissions’ Technical Committee has published a final report recommending regulatory actions to assist financial market regulators in intro