The US Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of a supervisory stress test of five major clearinghouses based in the US and the UK, and the results for all five proved positive. The purpose
By Andrew Pullinger (pictured), Partner, Shaun Tracey, Senior Associate, and Hamid Khanbhai, Senior Associate, Campbells – In a landmark judgment of the Grand Court of the Cayman Islands delivered on 23 August 2017 in Primeo Fund (in Official Liquidation) (Primeo)
Broker Banca IMI Securities Corp (BISC), an indirect, wholly-owned US subsidiary of Italian bank Intesa Sanpaolo, has agreed to pay more than USD35 million to settle US SEC charges that it violated federal securities laws when it requested the issuance
Brian Quintenz has been officially sworn in as a Commissioner of the US Commodity Futures Trading Commission (CFTC), the federal agency that oversees the commodity futures, options and swaps industry. His term expires in April 2020. “I’m deeply honoured to
Harneys operates through 14 international locations and its global funds practice advises on all aspects of offshore investment funds, from the establishment, to the ongoing maintenance and then the restructuring both in distressed and planned scenarios. The firm’s investment funds
The US Commodity Futures Trading Commission (CFTC) has issued Orders of Registration to five foreign boards of trade (FBOT), allowing them to provide identified members or other participants located in the US with direct access to its electronic order entry
In a complete reversal of the previous administration’s hardline approach to algo trading, the CFTC has revealed it will review and simplify its oversight, calling the previous approach “a top-level disregard for the enormity of the trading method spectrum, and,
The SEC has recently adopted amendments to its Form ADV. Included are provisions that attempt to get a clearer handle on the extent to which Advisers are using outsourced chief compliance officers, placing even greater scrutiny on smaller managers who
Och-Ziff Capital Management is to pay USD412 million to settle US Department of Justice (DoJ) and Securities Exchange Commission (SEC) charges relating its private investment business in Africa and a 2007 investment by the Libyan Investment Authority. As part of
The T+2 Industry Steering Committee (T+2 ISC) has welcomed recent action by the Securities and Exchange Commission (SEC) to propose a rule change that will facilitate the move to a two-day settlement cycle. The proposed rule change will provide regulatory
