The Commodity Futures Trading Commission (CFTC) has made awards totalling nearly USD1 million to two whistleblowers whose information led the CFTC to bring a successful enforcement action. Both whistleblowers provided significant information and substantial assistance to CFTC staff during the
Jurors in a Boston federal court have returned a verdict in the Securities Exchange Commission’s favour against a hedge fund adviser and his investment advisory firm. Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September
The Derivatives Service Bureau (DSB) has opened a consultation on the legal terms and conditions and client support model expected to apply to users of the Unique Product Identifier (UPI) Service, due to launch next year. The consultation sets out
By Kristina West – The Association of the Luxembourg Fund Industry (ALFI), the industry body for promoting Luxembourg’s fund sector internationally, has witnessed the establishment and growth of ManCos across many years.
On 2 November, AIMA is hosting a webinar to launch its Implementation Guide to the SEC’s modernised Marketing Rule. The guide was produced with the assistance of AIMA partners ACA Group and Dechert LLP, drawing on their expertise in
Law firm of Kirby McInerney partner Randall Fox has been named the 2021 “Lawyer of the Year” by the Taxpayers Against Fraud Education Fund (TAFEF), a public advocacy group for whistleblowers. TAFEF presented Fox with the prestigious award, citing his
ComplySci, a provider of regulatory technology and compliance solutions for the financial services sector, has added two new members to its Board of Directors – David Eisner, a former senior US Treasury official, past ComplySci executive chairman, successful technology investor
If any jurisdiction can claim to be the home of the global fund industry, it is Luxembourg. The Grand Duchy is the second largest investment fund centre worldwide and the first in Europe, with an 8.8 per cent global market
Visitors to Luxembourg are often surprised and pleased to discover that public transport is free. Step onto a tram in Luxembourg city, and there is no conductor to pay, and no machine to stamp tickets. In a drive to tackle
By Dr Marcus Peter & Irina Stoliarova – 2020 was a challenging year for the Luxembourg funds market. Despite a strong start in January and February, the Covid-19 pandemic caused a slowdown to fund set-up and net asset developments due
