The Federal Court of Australia has approved the settlement of a compensation claim initiated by the Australian Securities and Investments Commission for Bongiorno Financial Advisers clients who were advised to invest in York Street Mezzanine, a company within the failed
The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registration of Growth Capital Management LLC (GCM) of Rockwall, Texas. GCM is a registered Commodity Pool Operator and Commodity Trading Advisor. The CFTC’s notice
Hedge funds were not a major contributor to the stock market crash of 2008 and early 2009, but they are very likely to face increased regulation, according to the latest survey of the world’s media from Walek. Released on the
The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Goldman Sachs & Co for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers. The order requires
The US District Court for the District of Utah has entered a final judgment against Jeffrey L Mowen, ordering him to disgorge USD8,041,779 in ill-gotten gains and USD1,964,203.67 in prejudgment interest. The Court also ordered Mowen to pay a civil
The US Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) has issued a time-limited no-action letter for OTC Clearing Hong Kong Limited. The letter states that DCR will not recommend that the Commission take enforcement action against
Current attempts to tighten the regulation of financial services could lead to regulatory arbitrage among countries, according to a survey by advisory firm Kinetic Partners. The survey, which was carried out by Kinetic Partners at an industry event held last
BNP Paribas has successfully completed a SAS 70 Type 2 examination of its US alternative fund administration, fund of hedge fund custody operations, and general computer controls. The examination was conducted by an independent accounting firm. The Type 2 report
The Luxembourg Finance Ministry has submitted a draft bill transposing the European Alternative Investment Fund Managers Directive to the Luxembourg Parliament. “ALFI strongly believes that the AIFMD presents a welcome opportunity for Europe to create a brand in the alternative
Guernsey’s Chief Minister Lyndon Trott has told a major London conference that the island should not be “dismissively” compartmentalised as an offshore centre. He was speaking at The Future of Onshore and Offshore Financial Centres Conference alongside Jeffrey Owens, director
