Digital Assets Report

Compliance

Chinese regulator wants brokerages to restrict leverage stock trades

The China Securities Regulatory Commission, the country’s securities watchdog, wants brokerages to limit the amount of leverage available to hedge funds that borrow large sums of money via a complex derivative business to trade stocks, according to a report by

Korea bans short selling in run up to elections

South Korea’s regulators have again slapped a full ban on hedge funds and other short sellers from selling borrowed stocks, just months before the country goes to the polls in a general election, according to a report by Bloomberg.

SEC charges hedge fund advisor with multi-year fraud

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.

Bankman-Fried guilty on all seven criminal fraud counts

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

MFA wants SEC to withdraw safeguarding proposal

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.

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