The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Trader’s International Return Network (TIRN), a Panamanian corporation, and its president David Merrick of Apopka, Florida, charging them with solicitation fraud and misappropriation of customer funds involving
The Government of Gibraltar has published the Financial Services (Experienced Investor Fund) Regulations, 2012, which various improvements to the original 2005 Regulations, including the opportunity for large funds to use reputable and substantial administrators based in jurisdictions of equivalent standing
AIMA CEO Andrew Baker recently commented that the complicated nature of AIFMD, the different interpretations of EU Member States and variety of approaches from third countries meant that fund managers are facing complex choices. Here, Fiona Le Poidevin (pictured), Chief
The Commodity Futures Trading Commission’s division of market oversight has issued the results of a rule enforcement review of OneChicago. The division found specific areas where OneChicago should improve its trade practice programme. Among other items, the division recommended
In light of continual struggles from European fund managers to comply with the impending AIFMD directive, Nicola Smith, chief executive of hedge fund administrator Helvetic, says that plans by the European Commission to introduce liquidity buffers and leverage caps on
Chatham Financial, an interest rate and foreign exchange risk management adviser, has testified before the House Financial Services Committee hearing on derivatives legislation. Chatham was invited by the committee as an independent expert to testify as a representative of business
Leaders from Guernsey’s funds industry have revealed that the island is aiming to achieve equivalence with the EU in light of the proposed Directive on Alternative Investment Fund Managers. Guernsey’s determination to maintain access to EU markets in the face
The Managed Funds Association has reaffirmed its support for proposals that would enhance the transparency and regulatory oversight over private pools of capital, including hedge funds and managed futures funds. The testimony before the House Financial Services Committee hearing, "Capital
The Australian Securities and Investments Commission has released new regulatory guidance and relief aimed at achieving better disclosure by parties that are engaging in securities lending of substantial holdings in listed entities. The guidance is contained in Regulatory Guide 222
The barriers for investment created by the Alternative Investment Fund Managers Directive (AIFMD) are still preventing investors from reaching European funds, despite solutions becoming available, according to Aurum. Kevin Gundle (pictured), chief executive of Aurum, says: “The regulatory developments we are
