On Monday 14 October, the Channel Islands Stock Exchange (CISX) announced to members that certain of its historic activities have been under investigation by the Guernsey Financial Services Commission (GFSC). Jon Moulton, Chairman of the CISX, said that the investigations
The Alternative Investment Management Association has published a German-language educational paper about the social and economic value provided by the hedge fund industry. The paper stresses the financial stability benefits that hedge funds provide to financial markets and highlights the
The Securities and Exchange Commission has taken another step toward regulating the over-the-counter derivatives market by unanimously approving rules and interpretations for key definitions of certain derivative products. The SEC rules and interpretations further define the terms “swap” and “security-based
EBS, ICAP’s market leading electronic FX platform, has published new dealing rules for its customers and is relaunching the EBS brand. The new dealing rules, part of a wide-ranging review of the business, have been developed following extensive consultation with
The Alternative Investment Management Association has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should continue to be allowed to invest
The Financial Services Authority has announced that its investigation into trading in the stock of mortgage bank HBOS following a sharp fall in its share price has failed to uncover eviden
In its fourth annual analysis of global financial regulations, KPMG says investment managers continue to face daunting challenges brought on by a changing global regulatory environment, which is fraught with unanswered questions and an array of differing rules in each
A special committee composed of representatives from the futures industry’s self-regulatory organisations (SRO) has proposed additional requirements to SRO rules and regulatory practices designed to strengthen safeguards for customer segregated and secured funds held at the firm. The special committee,
Two options traders who the Securities and Exchange Commission charged earlier this year with short selling violations have agreed to pay more than USD14.5m to settle the case against them. An SEC investigation found that brothers Jeffrey A. Wolfson and
Kinetic Partners is now offering a global background checking service to complement its investor led fund, fund manager and service provider operational due diligence (ODD) services. Individuals applicable for background investigation may include a fund manager’s chief executive officer,
