Stanley J Kowalewski has been arrested in South Carolina after being indicted by a federal grand jury in Atlanta for allegedly defrauding hedge fund investors of up to USD8m. In addition, Kowalewski has been accused of obstructing the US Securities
Following reports that administrators are about to be called in at companies belonging to the UK-based Dawnay Day group, Channel Islands-based alternative investment manager Dawnay Day Mil
Linedata has recently upgraded four Luxembourg-based custodian and fund administrator clients to the latest version of Linedata Compliance. Leveraging Linedata Compliance for its breach management and stronger internal controls through a maker/checker (four eyes) review process, investor service providers are
The Securities and Exchange Commission has charged a Miami-based hedge fund adviser for deceiving investors about whether its executives had personally invested in a Latin America-focused hedge fund. The SEC’s investigation found that Quantek Asset Management LLC made various misrepresentations
The Financial Services Authority (FSA) has published a decision notice indicating that it has decided to fine Alberto Micalizzi GBP3 million and ban him from performing any role in regulated financial services for not being fit and proper. This is
By Olivier Sciales of Chevalier & Sciales – The Alternative Investment Management Association has published an analysis of the divergences it has identified between the European Commission’s draft Level 2 regulation implementing the Alternative Investment Fund Managers Directive and the
Powernext has been granted the status of Recognised Overseas Investment Exchange (ROIE) for the United Kingdom by the British Financial Conduct Authority (FCA), effective 26 March 2019. 

 The ROIE status ensures that the French-based exchange will be able to
The Securities and Exchange Commission has amended its complaint against New York investment adviser, Brian Raymond Callahan, and Callahan’s investment advisory firms, Horizon Global Advisors Ltd, and Horizon Global Advisors, LLC, in the SEC’s emergency action filed on 5 March,
Faced with sluggish growth and a backlash abroad against restrictive practices in its financial markets, Japan has set out plans to revitalise itself as a global financial centre.
New York law firm Klayman & Toskes believes that claims against Bear Stearns – now part of JP Morgan Chase – on behalf of investors in its High-Grade Structured Credit Strategies and H
