The SEC has charged the owner of a New York-based investment advisory firm with defrauding investors while grossly exaggerating the amount of assets under his management. The SEC alleges that Fredrick D Scott of Brooklyn, New York, registered his firm
The US Commodity Futures Trading Commission has approved the applications of SwapEx, GFI Swaps Exchange and MarketAxess SEF Corporation for temporary registration as swap execution facilities (SEFs). SwapEx is a Delaware limited liability company and is an indirect wholly-owned
The US Commodity Futures Trading Commission has obtained a default judgment and permanent injunction order against defendant Nicholas Cosmo, formerly of Lake Grove, New York, charged with defrauding investors of tens of millions of dollars in a commodity futures trading
The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against Jeannie Veraja-Snelling, d/b/a Veraja-Snelling & Company, a certified public accountant and sole practitioner from Glendale Heights, Illinois, barring her from practicing before the Commission. The CFTC’s
The US Commodity Futures Trading Commission (CFTC) has filed a notice of intent to revoke the registrations of Veruus Wealth Management, a registered commodity pool operator and commodity trading advisor. The notice alleges that Veruus is subject to a
The Managed Funds Association, the US industry body representing hedge fund managers, has recommended that the industry adopt heightened standards of excellence embodied in the latest vers
The Securities and Exchange Commission has charged a North Carolina-based investment adviser and its former owner for misleading an investment fund over the firm’s algorithmic currency trading ability. The SEC’s enforcement division alleges that Chariot Advisors LLC and Elliott
BT is joining forces with mobile operator Truphone to market a recording service for mobile devices to support US firms’ compliance with the Dodd-Frank Wall Street Reform Act. Under the “oral record-keeping” requirement of the Act, all companies operating or
Connecticut-based hedge fund advisory firm Level Global Investors has agreed to pay more than USD21.5m to settle Securities and Exchange Commission (SEC) charges that its co-founder, who also served as a portfolio manager, and its analyst engaged in repeated insider
Mary Jo White, who became chairman of the US Securities and Exchange Commission on 10 April, is pushing to adopt the JOBS ACT without major changes and potentially adding additional investor protections at a later date. Don Steinbrugge (pictured)
