The Securities and Exchange Commission (SEC) has charged two former traders at JPMorgan Chase & Co with overvaluing investments in order to hide massive losses. The SEC alleges that Javier Martin-Artajo and Julien Grout were required to mark the portfolio’s
The Securities and Exchange Commission has filed an emergency action charging Anthony J Davian and his Richfield, Ohio-based asset management firm with defrauding investors in hedge funds they manage. A federal district court granted the SEC’s motion for emergency
Northern Trust Hedge Fund Services has launched an online regulatory module to streamline the preparation and submission of Form PF filings. The new tool will support clients in meeting Form PF and other emerging regulatory requirements through a combination
As hedge funds anticipate the finalisation of a JOBS Act provision that will lift advertising restrictions on hedge funds, they are faced with the new challenge of installing more robust investor due diligence procedures. Although the Securities and Exchange
The Commodity Futures Trading Commission (CFTC) has issued a final rule with respect to certain compliance obligations for commodity pool operators (CPOs) of investment companies registered under the Investment Company Act of 1940 that are required to register due to
The Securities and Exchange Commission has cautioned exchanges and investment professionals to monitor the composition of indices used in offering financial instruments to determine if they are security futures products and ensure they are complying with the federal securities laws.
The Commodity Futures Trading Commission (CFTC) has approved final rules to implement enhanced risk management standards for systemically important derivatives clearing organisations (SIDCO). The adoption of these rules is an important first step in making the CFTC’s rules for
UBS has agreed to pay nearly USD50m to settle SEC charges that it violated securities laws while structuring and marketing a collateralised debt obligation (CDO) by failing to disclose that it retained millions of dollars in upfront cash it received
The Depository Trust & Clearing Corporation (DTCC) has identified a number of emerging trends that could potentially impact the industry’s ability to protect against new and unidentified threats to the financial system. The DTCC’s recent white paper, entitled Beyond
The Securities and Exchange Commission has obtained an emergency court order to halt a hedge fund investment scheme by a former Marine living in the Chicago area who has been masquerading as a successful trader to defraud fellow veterans, current
