Former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than USD840,000 and accept securities industry bars in order to settle the Securities and Exchange Comission’s (SEC) insider trading case against him. The SEC filed civil charges in
The Depository Trust & Clearing Corporation and Swift have launched a web portal at www.ciciutility.org to begin assigning CFTC Interim Compliant Identifiers (CICIs) after being designated by the US Commodity Futures Trading Commission to do so. The CFTC announced plans
The Commodity Futures Trading Commission has approved final rules to improve the risk management procedures of swap dealers and major swap participants. The CFTC voted five to nil via seriatim to approve the final rules, which will become effective 60
The Securities and Exchange Commission has filed a settled civil action in the US District Court for the Northern District of California against Gary R Marks. The Commission’s complaint alleged that Marks managed and recommended various fund of funds hedge
The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Goldman Sachs & Co for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers. The order requires
SEI has completed its first Form PF filing on behalf of a global, multi-billion-dollar hedge fund client. SEI files the Form electronically as part of its multi-faceted Form PF service, designed to help managers ease the time, infrastructure, and expense
The Commodity Futures Trading Commission’s division of market oversight has issued a letter advising Eurex Deutschland that its Euro Stoxx 50 Ex Financials Index futures contract submitted by Eurex for review on 12 July has been deemed certified. The contract
The Securities and Exchange Commission has charged Eric Lipkin, a longtime employee at Bernard L Madoff Investment Securities LLC (BMIS), with helping Bernard L Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme. “Eric
HedgeServ, an independent global fund administrator, has added a Form PF (Private Fund) enterprise reporting solution to its service offering. Designed to help hedge funds, private equity funds and other private fund managers comply with SEC regulatory filing requirements, HedgeServ’s
The Securities and Exchange Commission has proposed rules to eliminate the prohibition against general solicitation and general advertising in certain securities offerings. Under the proposed rules, which are mandated by the Jumpstart Our Business Startups Act, companies would be permitted
