A federal court in New York has entered orders against Kevin P Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive, to pay more than USD1
The Managed Funds Association (MFA) has written to both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) proposing a ‘harmonized approach to the regulation of firms that are SEC-registered investment advisers (RIAs) and also CFTC-registered
The International Securities Lending Association says it is disappointed in Germany’s decision to ban the naked short selling of certain assets, including the prohibition of credit default swaps on government bonds. Isla’s chief executive Kevin McNulty says short selling is
Spain is planning to set a minimum threshold of EUR 100,000 for individual and institutional investments in hedge funds. The planned threshold is being set high to limit participation to HNW
“Clients are sophisticated investors and existing disclosure in fund documents should be sufficient,” according to AIMA. That’s the view of the London-based Alterna
Under proposed new rules hedge funds and investment banks in the UK will have to disclose their dealings in derivatives such as CFDs during takeovers. The UK’s Take
As a result of recent frauds and Ponzi schemes, a Madoff effect has developed, altering the nature and scope of investor due diligence, according to a study by Corgentum Consulting. The data also shows that in anticipation of stricter hedge
The CFTC has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorised within the European Union (EU) to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs).
The European Life Settlement Association has launched a retail market consultation into the practices and issues surrounding life settlements. The consultation will help inform the content relating to retail investors in Elsa’s impending code of practice for the life settlement
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