The Securities and Exchange Commission has obtained a final judgment by default against investment adviser Gary J Martel, a resident of Chelsea, Massachusetts, in a case originally filed by the SEC in June 2012. The SEC charged Martel, who conducted
The CFTC has filed a Notice of Intent to Revoke Registration against Samuel Israel III, formerly of Bayou Management LLC.
The Commodity Futures Trading Commission has issued an order granting a request made by Ice Clear Credit (ICC), a Commission-registered derivatives clearing organisation, permitting portfolio margining of swaps and security-based swaps in a cleared swaps customer account. The order sets
Welcoming the SEC decision not to appeal the ruling against registration of hedge fund advisers, AIMA this week called for the removal of dual registration.
David Moran has joined the Stamford, Connecticut office of international law firm Curtis, Mallet-Prevost, Colt & Mosle LLP (Curtis) as counsel.
The Securities and Exchange Commission has charged a former executive at New York-based broker-dealer Jefferies & Co with defrauding investors while selling mortgage-backed securities (MBS) in the wake of the financial crisis so he could generate additional revenue for his
The Securities and Exchange Commission (SEC) has now adopted final rules in connection with the Jumpstart Our Business Startups (JOBS) Act, lifting an 80 year old ban on general solicitation and allowing hedge fund managers to advertise. The Hedge
MarketAxess Holdings has filed an application on to become a swap execution facility (SEF) under the Commodity Futures Trading Commission’s (CFTC) Dodd-Frank Act. MarketAxess specialises in electronic trading of credit instruments and was the first platform to offer electronic
The National Futures Association’s board of directors has voted to accept the recommendations made by Berkeley Research Group (BRG) as part of its independent analysis of NFA’s audits of Peregrine Financial Group. NFA staff will shortly develop a plan to
The National Futures Association (NFA) has taken an emergency enforcement action against Prodigy Asset Management (PAM), a commodity pool operator (CPO) and commodity trading advisor (CTA) located in New York City, and its principal Ezekiel Abdel Rahman. NFA has taken
