A Danish prosecutor has called for a 12-year prison sentence for British hedge fund trader Sanjay Shah, accusing him of defrauding Denmark of more than DKK9bn ($1.35bn) through dividend tax refund schemes, according to a report by Reuters.
Two Sigma, the US quant hedge fund firm founded by John Overdeck and David Siegel, is in discussions with the Securities and Exchange Commission to settle a probe related to a trading misconduct case, according to a report by the
The South Korean government has appealed a British court’s decision to dismiss its lawsuit aimed at overturning an international tribunal’s order to pay approximately $100m in damages to US hedge fund Elliott Investment Management, according to a report by the
The US Securities and Exchange Commission has abandoned its legal efforts to revive a rule mandating increased hedge fund and private equity fee disclosures, following a court setback in Chair Gary Gensler’s campaign for greater transparency in the private funds
The Securities and Exchange Commission has settled charges against a former Florida-based cryptocurrency hedge fund Galois Capital Management for failing to comply with requirements related to the safeguarding of client assets.
Alternative investment industry representative body the MFA has encouraged the Basel Committee on Banking Supervision to adopt flexible, risk-based guidelines on counterparty credit risk management in a comment letter submitted today.
MFA has submitted a comment letter in support of the goals of the European Securities and Markets Authority’s (ESMA) proposal to enhance access to market data through improvements to the MiFID II/MiFIR regime.
Sound Point Capital Management has agreed to pay $1.8m to settle SEC charges that it failed to establish, maintain and enforce written policies and procedures for handling material nonpublic information in its trades of collateralised loan obligations.
Managed Funds Association, a representative body for the global alternative asset management industry, has called for the swift implementation of a properly calibrated consolidated tape in the European Union in a comment letter to the European Securities and Markets Authority
Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are seeking at least $1.3bn from TerraForm Labs, the bankrupt digital assets firm co-founded by Do Kwon over losses incurred from the 2022 collapse of TerraForm’s TerraUSD and Luna tokens,
