The Commodity Futures Trading Commission (CFTC) recently approved amendments to various CFTC regulations relating to registration as a commodity pool operator (CPO), says Seward & Kissel LLP… Most notably, the CFTC has rescinded the exemption from registration as a CPO
The US Commodity Futures Trading Commission has obtained an order of permanent injunction against defendants Robert Mihailovich, Sr. of Rockwall, Texas, and Growth Capital Management requiring them to pay over USD9.3m for fraudulently soliciting over USD30m from customers to trade
KPMG and Carey Olsen have advised Dexion Capital (Guernsey) on the launch of DCG IRIS, a new Guernsey-domiciled, closed-ended investment fund. It has raised in excess of GBP40m by way of an initial public offering on the main market of
The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Peregrine Financial Group Inc (PFG), a registered futures commission merchant, and its owner, Russell R Wasendorf, Sr (pictured). The Complaint alleges that PFG and Wasendorf committed fraud by
The Financial Services Authority has clamped down on the lucrative practice of short-selling shares on the London market, following accusations that traders were seeking to profit from the
With so much bandwidth being absorbed by the gravitational pull of Brexit, hedge fund managers could be forgiven for paying short shrift to the Senior Managers and Certification Regime, which formally comes into effect on 9 December 2019. Set to
Carey Olsen is extending its legal service offering to include the jurisdictions of the Cayman Islands and the British Virgin Islands (BVI). Carey Olsen will offer Cayman Islands advice through an experienced team which will include Cayman Islands partners Jason
The UK’s Financial Services Authority is introducing new rules requiring disclosure of short positions above a certain threshold in companies undertaking rights issues, in order to reduce
The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) hve issued a joint statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and
The European Energy Exchange (EEX) has been awarded Recognised Overseas Investment Exchange (ROIE) status for the United Kingdom by the Financial Conduct Authority (FCA), effective from 21 February 2019. The ROIE status ensures that the exchange will be able to
