The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of SAC Capital Advisors LLC and SAC Capital Advisors LP. The CFTC simultaneously issued an opinion and order accepting the offer of settlement
The SEC has adopted revisions to rules governing the disclosure, reporting, and offering process for asset-backed securities (ABS) to enhance transparency, better protect investors and facilitate capital formation. The new rules require loan-level disclosure for certain assets, such as residential
The Securities and Exchange Commission (SEC) has adopted new requirements for credit rating agencies to enhance governance, protect against conflicts of interest and increase transparency. The new rules and amendments, which implement 14 rulemaking requirements under the Dodd-Frank Wall Street
The US Commodity Futures Trading Commission (CFTC) has issued an order filing and settling charges against Merrill Lynch for supervision failures relating to futures exchange and clearing fees. The order says Merrill Lynch failed to diligently supervise its officers, employees and
The US Commodity Futures Trading Commission (CFTC) has fined Morgan Stanley Smith Barney, a CFTC-registered futures commission merchant, for improper supervision and records violations. The CFTC order requires Morgan Stanley to pay a USD280,000 civil monetary penalty and to disgorge
London-based hedge fund manager GLG Partners, which has just announced plans to obtain a US stock market listing through a reverse takeover, has agreed to pay more than USD3.2bn to settle
The US Commodity Futures Trading Commission (CFTC) has filed and settled an action against Aaron Klein of Rochester, NY, finding that he acted as an undisclosed controlling person and principal of a Commodity Trading Advisor (CTA) registered with the CFTC.
Regulation is slowing the push for alternative investments, according to research released by Cerulli Associates. "Alternative investments and other non-traditional asset classes are slowly becoming a larger part of the investment landscape," says Pamela DeBolt, associate director at Cerulli. "This
The US Commodity Futures Trading Commission has obtained a federal court order in Rochester, New York, freezing the assets of Atwood & James, Ltd.
The US Commodity Futures Trading Commission (CFTC) has issued a no-action letter providing swap execution facilities (SEFs) time-limited, conditional relief from certain data reporting and record-keeping requirements in relation to confirmations required for uncleared swap transactions. The no-action relief provided
