Sanjay Shah, the British hedge fund trader accused of masterminding an allegedly fraudulent cum-ex trading scheme has told a Danish court that there was nothing illegal in his receipt of more than DKK9bn ($1.3bn) in dividend tax refunds from the
Sterling Trading Tech, a global provider of technology in order management, risk and margin, and trading, is working with brokerages, clearing firms and market participants to ensure their compliance with the SEC’s new T+1 settlement cycle rule on trades from
The National Association of Private Fund Managers, Managed Funds Association and the Alternative Investment Management Association have sued the US Securities and Exchange Commission over a new rule increasing scrutiny on the $27tn Treasury market.
British hedge fund trader Sanjay Shah appeared in court in Denmark on Monday on the opening day of his trail for allegedly defrauding the Danish tax authorities of DKK12.7bn ($1.8bn) through so-called ‘cum-ex’ tax schemes, according to a report by
A raft of new regulatory rules introduced in response to last year’s short seller attack on Adani, one of India’s biggest companies, has prompted several hedge funds to consider scaling back their investments in the country, according to a report
The National Association of Private Fund Managers, Alternative Investment Management Association and Managed Funds Association have challenged two rules recently adopted by the US Securities and Exchange Commission requiring reporting and public disclosure of securities lending and short selling activity.
A compliance training session aimed at helping China’s quant hedge fund firms understand the current regulatory mindset and work requirements as part of a bid to prevent market risk has been held by the Shenzhen and Shanghai stock exchanges, according
A British hedge fund trader has been sentenced to eight years behind bars by a Danish court after admitting his part in the so-called ‘cum-ex’ tax scheme that defrauded the country’s tax authorities of billions of Danish crowns, according to
The China Securities Regulatory Commission is to increase its supervision and scrutiny of derivatives business in the country’s stock markets, including so-called DMA-Swap products, according to a report by Reuters.
Michael Barr, the US Federal Reserve’s Vice Chair for Supervision, has warned that Wall Street lenders must do more to identify risks posed by firms they do business with as the central bank looks to increase oversight of risk from
