The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal district court in New York charging the Royal Bank of Canada (RBC), a Canadian bank and financial services firm doing business in New York, with conducting a
Royal Bank of Canada has “vigorously rejected” the Commodity Futures Trading Commission’s (CFTC) allegations that the bank was involved with a “multi-hundred million dollar wash sale scheme”. On Monday this week The US CFTC announced the filing of a complaint
The SEC has filed civil fraud charges against PIMCO over undisclosed market timing trades of over USD 4 billion conducted by Canary Capital Partners LLC.
Some of the biggest European pensions including those run by Nestle, Electrolux, BT, Railpen Investments and a number of UK councils, are making significant allocations to h
BISYS has launched its comprehensive ComplianceEDGE program, which provides the policies, procedures, testing, reporting, and recordkeeping required for fund companies to co
Specialist banking litigation firm Stewarts Law LLP is filing an appeal in the matter of Euroption Strategic Fund Ltd v Skandinaviska Enskilda Banken AB (“SEB” and the “Euroption Proceedings”) for its client, Euroption. The widely reported Euroption proceedings relate to
The United States Commodity Futures Trading Commission (CFTC) and the Irish Financial Services Regulatory Authority (IFSRA) are preparing to cooperate in enforcing futures l
The Chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, has backed the Dodd-Frank Act’s whistleblower reward law, saying that the whistleblower program is an “invaluable component” to the Commission’s “enforcement efforts.” In a detailed report to Congress
Michael Tannenbaum, the new President of the US-based Hedge Fund Association (HFA) says new and proposed US federal regulations restricting hedge funds are ill-conce
