The SEC has charged two individuals with insider trading on a hedge fund manager’s announcement that his fund had formed a negative view of Herbalife Ltd and taken a USD1 billion short position in its securities. The SEC’s orders find that
Barclays has firmly rebutted the claims made against it by Eric T Schneiderman (pictured), the New York Attorney General, over the operation of its dark pool with a robust defence of its practices. In a 49-page statement document filed with
The US Commodity Futures Trading Commission has charged Sean Nathan Healy of Weston, Florida, with operating a fraudulent commodities scheme that defrauded at least 44 investors of appr
The US Commodity Futures Trading Commission (CFTC) has signed a memorandum of understanding (MoU) with the Australian Securities and Investments Commission (ASIC) on the supervision of cross-border entities. The two regulatory organisations are to cooperate on the supervision and oversight
The US Commodity Futures Trading Commission (CFTC) has issued an extension to no-action letter 13-86 which provided time-limited relief relating to certain CDS clearing-related swaps. This no-action letter provides the following relief (in each case subject to certain specified conditions):
Securities attorney Howard Groedel of Ulmer & Berne LLP, comments on the CFTC’s easing of hedge fund advertising restrictions… The recent harmonisation of CFTC and SEC rules permitting general solicitation and advertising, while a sensible step, is unlikely to herald
The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (OCR Final Rule). The OCR Final Rule, which
The Securities and Exchange Commission (SEC) has charged a Minneapolis-based hedge fund manager, his investment advisory firm and an accomplice with bilking investors in two hedge funds out of more than USD1m. The SEC alleges that as the management fees
The Alternative Investment Management Association has said it supports the financial regulatory reform proposals put forward by the US Treasury.
The US Commodity Futures Trading Commission has charged Eldon A.
