The Securities and Exchange Commission has charged John Hughes, President and Chief Compliance Officer of registered investment adviser Prophecy Asset Management, for his involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars from investors.
Sam Bankman-Fried, the founder and CEO of failed cryptocurrency exchange FTX and associated hedge fund firm Alameda Research, is facing a lengthy spell behind bars after jurors took just a few hours to return a guilty verdict on all seven
The Managed Funds Association has written a supplemental comment letter reiterating its view that the US Securities and Exchange Commission should withdraw its proposed safeguarding rule.
Canadian hedge fund firm Traynor Ridge Capital Inc has been issued with a cease trader order by the Ontario Securities Commission following the death of its founder, and three failed trading orders last week, according to a report by Reuters.
The Managed Funds Association is encouraging the UK Financial Conduct Authority and the UK Prudential Regulatory Authority, to enhance the UK capital markets by eliminating redundant securitisation due diligence regulations.
Florida-based hedge fund manager Michael Wayne Williams has pleaded guilty in the Southern District of Ohio to using his company as part of a Ponzi scheme that defrauded investors of millions of dollars over a number of years.
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US regulators including the SEC and the Financial Stability Oversight Council are considering a range of measures aimed at curbing highly leveraged trading by hedge fund firms, due to concerns over the risks posed by the practice to the wider
The US Securities and Exchange Commission has finalised new rules that mean hedge funds will now have to report significantly more information about their short-selling activities, according to a report by Bloomberg.
A new change in US Securities and Exchange Commission disclosure rules is cutting the time limit for activist hedge funds and other investors to report when they have acquired 5% or more of a company’s stock, according to a report
Proposed regulations from the Asset Management Association of China which will impact the country’s RMB6tn hedge fund industry have prompted a pushback from several funds over concerns that they will increase operational costs and lessen competitiveness, according to a report
