The US Department of Justice has established a nationwide Digital Asset Coordinator (DAC) Network to combat the growing threat posed by the illicit use of digital assets to the American public, as set out in an Executive Order (EO) issued
The Securities and Exchange Commission (SEC) has charged registered investment advisers Hudson Advisors and Lone Star Global Acquisitions for including Hudson’s owner’s anticipated income tax liability as a component of certain fees charged to 14 funds they managed.
A federal appeals court in the US has ruled that hedge funds should not be able to keep the roughly $500 million they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics company Revlon, according to a
Hopewell Wood, the former chief executive officer of Glen Point Capital, has left her position as president at hedge fund Commonwealth Asset Management, following the arrest of Glen Point co-founder Neil Phillips last week, according to a report by Bloomberg.
New York-based hedge fund Perceptive Advisors, has agreed to pay a $1.5 million penalty to settle SEC charges that it failed to disclose conflicts of interest regarding certain special acquisition Companies (SPACs). According to the SEC, in 2020, Perceptive advised
The Commodity Futures Trading Commission has issued an order filing and settling charges against Natixis, requiting the global bank and swap dealer to pay a $2.8 million penalty for failure to diligently supervise traders on the bank’s New York-based Interest
The Securities and Exchange Commission has adopted two amendments to the rules governing its whistleblower programme. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances, while
Neil Phillips the co-founder of London-based hedge fund Glen Point Capital has been charged with conspiracy to manipulate the US dollar-South African rand money markets to trigger a $20 million payout, according to a report by Reuters. Philips, 52, was
The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are calling for comments on a proposed rule change that would require large advisers to certain hedge funds to report their exposure to cryptocurrencies. A 40-day
Kentucky’s state pension agency has been ordered by a judge to release a suppressed report about possible fraud in its controversial hedge fund investments, according to a report by the Hearald-Leader. The judge ruled that taxpayers have right to have
