The US CFTC has obtained a USD13 million civil monetary penalty against defendants Parnon Energy, Arcadia Petroleum, Arcadia Energy and crude oil traders James T Dyer and Nicholas J Wildgoose. The CFTC’s complaint charged the defendants with manipulation and attempted
The Securities and Exchange Commission has announced several actions designed to protect against abusive short sales and make more short sale infor
A US District Court judge has ordered former Citigroup director John Aaron Brooks to pay a civil penalty of USD500,000 to settle CFTC charges that he defrauding Citigroup by mismarking and inflating the value of his position in ethanol futures
Dallas-based investment management firm Highland Capital Management is now compliant with the Global Investment Performance Standards (GIPS) and has been independently verified for the period of 1 January 2009 to 31 December 2013. The GIPS standards are a rigorous set
National Futures Association (NFA) has taken an emergency enforcement action against commodity trading advisor and commodity pool operator Nord Capital Advisors and company principal Yakov Shlyapochnik. NFA has taken the Member Responsibility Action (MRA) and Associate Responsibility Action (ARA), effective
Market regulation is starting to impact the way prime brokers do business with their hedge fund clients. The need to store away more capital and strengthen their balance sheets under Basel III regulations and other requirements imposed by central banks
By Kavitha Ramachandran, Maitland Group – The EU’s Alternative Investment Fund Managers Directive (AIFMD) has essentially created a vast ‘Fortress Europe’. As of 22 July this year, managers of alternative investment funds must become authorised under the Directive as ‘AIFMs’ (Alternative
On 16 September 2011 judgment was handed down by the BVI Commercial Court in a number of cases that have been brought by the liquidators of Fairfield Sentry Limited (Fairfield), a "feeder fund" into Bernard L Madoff Investment Securities Limited
Capita Financial Managers (Ireland) Limited has been granted an alternative investment fund manager (AIFM) licence by the Central Bank of Ireland. The licence authorises Capita to take regulatory responsibility for the funds to which it acts as AIFM. Capita
The Honourable Ruben Castillo, of the US District Court for the Northern District of Illinois, entered an order freezing the assets of defendants Dimitry Vishnevetsky of Chicago, and his company, Oxford Capital, LLC (OCL), a defunct Wisconsin limited liability company.
