The Securities and Exchange Commission has filed fraud charges against three brokerage subsidiaries and two former employees of a global trading services provider. According to the charges, many institutional clients subsequently paid substantially higher amounts than disclosed for the execution
Important concessions by the UK Treasury in relation to the Alternative Investment Fund Managers Directive (AIFMD) have been announced, according to specialist financial services regulatory consultancy Bovill. Deadlines surrounding AIFMD will be relaxed, following concerns by the financial services sector
Ernst & Young’s Andrew Dann examines the factors that make Jersey an attractive relocation prospect for UK-based hedge fund managers. The launch last year of th
Nick Kershaw from the Jersey office of law firm Ogier outlines the key attractions of using a JPUT for holding property, in addition to Section 64A. There is widesp
The US Commodity Futures Trading Commission has charged Boca Raton, Florida-based Michael A.
The UK’s Financial Services Authority has eased its reporting requirement for short sales following a review but otherwise plans to make no changes to the regime, which bars the taking of
Robert Mirsky, Global Head of Hedge Funds and a Partner at KPMG’s UK Financial Services Practice and Jon Mills, UK Head of Financial Services Audit and Global Head of Audit for KPMG’s Investment Management and Funds Practice – share their
The Hong Kong arm of the Alternative Investment Management Association, the London-based hedge fund industry association, has praised the Hong Kong Securities and Futures Commission for ma
Sticks and stones may break their bones but banning will never hurt them.
According to a recent risk alert issued by the SEC, investment advisers continue to show deficiencies when it comes to best execution of client securities transactions. The alert, issued by the Office of Compliance Inspections and Examinations of the SEC,
