BNP Paribas has agreed a settlement with the Board of Governors of the Federal Reserve System (FRB) relating to past misconduct in its foreign exchange business. Under this settlement with the FRB, BNP Paribas will pay a fine of USD246
The US Commodity Futures Trading Commission (CFTC) has issued an Order of Registration to LedgerX (LedgerX), granting it registration status with the CFTC as a Swap Execution Facility (SEF). LedgerX is a limited liability company registered in Delaware with its
Barclays Capital and Credit Suisse Securities (USA) have agreed to settle separate SEC cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool. The New York Attorney General’s office
Steven A Cohen has been prohibited from supervising hedge funds that manage outside money for two years after reaching a settlement with the SEC over charges that he failed to supervise a portfolio manager who engaged in insider trading while
The failure to provide the CFTC even a modest increase in the fiscal year 2016 budget agreement sends a clear message that meaningful oversight of the derivatives markets, and the very types of products that exacerbated the global financial crisis,
JPMorgan Chase Bank (JPMCB) is to pay USD100 million to settle US Commodity Futures Trading Commission (CFTC) charges that it failed to disclose certain conflicts of interest to clients of its US-based wealth management business, JP Morgan Private Bank. Specifically,
Martin Shkreli, the founder and managing member of hedge funds MSMB Capital Management LP (MSMB Capital) and MSMB Healthcare Management LP (MSMB Healthcare) and former Chief Executive Officer of Retrophin Inc has been charged with fraud. Evan Greebel, a former
The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to Eurex Zurich, a foreign board of trade (FBOT) in Switzerland, allowing the company to provide its identified members or other participants located in the US with
The Hedge Fund Standards Board (HFSB), the global standard-setting body for the alternative investment industry, has become co-chair of the Open Protocol Working Group. The Open Protocol template standardises the collection and representation of risk information of hedge funds
The US Commodity Futures Trading Commission (CFTC) has voted unanimously to approve two proposals for amendments to existing regulations addressing cybersecurity testing and safeguards for the automated systems used by critical infrastructures the CFTC regulates. The proposals will be open
