The Commodity Futures Trading Commission’s (CFTC) division of market oversight has issued an amendment to CFTC No-Action Letter No 13-48, which grants relief from the aggregation prohibition for certain commodity trading advisors (CTAs) and investment advisors (IAs) with respect to
The CFTC has permitted the offer and sale in the USA of the Hong Kong Futures Exchange Limited’s (HKFE’s) futures contracts based on the FTSE/Xinhua China 25 Index (FXC) and the Hang Seng
The SEC this week announced the institution of a settled enforcement action against BISYS Fund Services, Inc, finding that BISYS aided and abetted over two dozen mutual fund advisers in de
The Securities and Exchange Commission has adopted rules designed to substantially increase protections for investors who turn their money and securities over to broker-dealers registered with the SEC. The new rules, approved by a 3-2 Commission vote, require broker-dealers
The Commodity Futures Trading Commission has notified the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) of the results of a rule enforcement review completed by the Commission’s division of market oversight. The review covered the
The Securities and Exchange Commission is carrying out the second-largest trading suspension in agency history as it continues its "Operation Shell Expel" crackdown against the manipulation of microcap shell companies that are ripe for fraud as they lay dormant in
Research by Sapient Global Markets into how new central clearing mandates will impact investment performance for buy-side firms has revealed a significant drag on portfolio returns in the new regulatory environment. The drop in return ranges from between −0.20
The CFTC has filed an enforcement action against American Energy Exchange (AMENX) and York Commodities (York).
The Securities and Exchange Commission has secured final judgments against hedge fund manager Chetan Kapur and his firm, ThinkStrategy Capital Management, ordering them to jointly and severally pay disgorgement and prejudgment interest of USD3,988,196.59 and civil penalties in the amount
New research from Greenwich Associates suggests that the SEC’s short-lived experiment with hedge fund registration may end up having a lasting impact.
