ITG Inc and its affiliate AlterNet Securities have agreed to pay USD20.3 million to settle SEC charges that they operated a secret trading desk and misused the confidential trading information of dark pool subscribers. An SEC investigation found that despite telling the public
Silver Law Group is investigating claims against a pair of self-described retirement planners who are alleged to have falsely promoted to customers the safety and profitability of interest in life settlements. These types of alternative investments which promise substantial income
Barclays Bank is to pay USD400 million to settle US CFTC charges that it engaged in the attempted manipulation and false reporting of global foreign exchange (forex) banchmark rates to benefit the positions of certain traders. As well as the
BATS Global Markets (BATS) has filed with the Securities and Exchange Commission the BATS Client Suspension Rule, which would enable the company to take swifter action to prohibit manipulative behaviour, such as spoofing and layering, on the BATS Exchanges. Manipulative
On 15 April 2015, Cordium, a leading global compliance consulting, accounting, tax and software provider to the financial services industry, introduced a new compliance software solution called Pilot. A cloud-based solution, Pilot is a more up-to-date, cutting edge version of
The US Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a letter that exempts commodity trading advisors (CTAs) that are registered but do not direct any client commodity interest accounts from filing Commission
BlueBay Asset Management, a manager of fixed income and alternative investment products, has chosen Confluence’s Unity NXT regulatory reporting solutions to automate its data reporting processes. BlueBay will use Unity NXT AIFMD Transparency Reporting, Unity NXT Form PF Reporting and
Regulation will be the key driver in the next phase of the rapidly evolving hedge fund industry, according to Part II of Citi Investor Services’ fifth Annual Industry Evolution survey. Previous Citi surveys have discussed key drivers of the industry
The Securities and Exchange Commission (SEC) has secured a final judgment setting disgorgement of USD1,29,800 and a civil penalty of USD300,000 against OM Investment Management and Gignesh Movalia. The SEC action arose from the defendants’ efforts to fraudulently raise money
The US Commodity Futures Trading Commission (CFTC) has submitted for publication in the Federal Register a 30-day extension of the comment period for two rulemakings. The rulemakings are: A proposal to establish speculative position limits for 28 exempt and
