New York Attorney General Letitia James and New York City Corporation Counsel James E Johnson have announced the recovery of USD105 million in back taxes and damages from a hedge fund manager who defrauded New York state and New York
US hedge fund titan Kenneth Griffin (pictured), founder, CEO and co-CIO of Citadel, says the recent GameStop trading frenzy demonstrates the need to overhaul the settlement process in markets, and wants a shorter timeframe for settling trades, along with more
A class action lawsuit filed in California Southern District Court on 28 January, 2021 has been amended to include six hedge fund companies worth billions of dollars, a total of ten online brokers who manipulated the stock market, and the
The US Commodity Futures Trading Commission (CFTC) has made a whistleblower award of USD6 million to an individual whose reporting led the Commission to bring a successful enforcement action. This latest award brings the total amount awarded by the CFTC Whistleblower
At first glance, a business or equity owner might conclude that the Tax Cuts and Jobs Act of 2017 (the Act) increased the value of equity interests by 20 per cent upon its signing by the President. By cutting corporate
JPMorgan Chase Bank is to pay a USD65 million to settle CFTC charges that it attempted to manipulate of the ISDAFIX benchmark. A CFTC Order found that over a five-year period, beginning in at least January 2007 and continuing until
North Capital, a provider of technology and brokerage services for exempt securities offerings, is now authorised for secondary trading of unregistered securities, including digital asset securities, on its Alternative Trading System (ATS), the Public Private Execution Network (PPEX). “We’re very happy to
FuturesFx and its Simon Jousef are to pay more than USD1.7 million in to Settle a CFTC Enforcement Action over a fraudulent forex and commodities trading scheme. The CFTC’s complaint charged the defendants with fraudulently soliciting members and prospective members
The European Securities and Markets Authority (ESMA), the EU securities regulator, has launched a public consultation on its draft guidance to address leverage risks in the Alternative Investment Fund (AIF) sector.
Societe Generale has reached agreements with the DOJ and the CFTC to resolve, as part of their industry-wide investigations on interbank offered rates benchmarks, the matter of Societe Generale’s submissions from 2005–2012 for setting certain London Interbank Offered Rates and
