One of the bidders for bankrupt Hawaiian Airlines was arrested his week on US federal charges of perpetrating a fraudulent scheme. Paul Boghosian, 50, who holds th
The SEC has filed an emergency enforcement action to halt an alleged USD 37m fraud by Northshore Asset Management LLC (Northshore) and its principals. The action, w
The SEC may amend a rule aimed at US hedge funds if managers start to use it as a loophole to avoid registering with authorities. According to the new rule, US hedg
Judge Richard Stearns of the US District Court for the District of Massachusetts entered final judgments by default against Locust Offshore Management, LLC, and its CEO, Andrey C Hicks, defendants in a civil injunctive action filed by the Commission in
The SEC Commissioners voted 3-2 in favour of the hedge fund adviser registration proposal only six weeks after the close of the comment period. Managers with 15 or
William Yonge, Peter Malyshev and John Sullivan of the US law firm McDermott, Will & Emery examine the impact of the SEC’s proposals on non-US based advisers. Many
The US Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) has issued an Advisory regarding the treatment of bona fide hedging transactions and positions under Commission Regulations 1.3(z), 1.47, and 1.48 as they existed prior to the adoption
The Commodity Futures Trading Commission (CFTC) has certified the Singapore Stock Exchanges’s (SGX) Euro Stoxx 50 Index Futures Contract for sale in the US. On 6 February, 2012, SGX requested expedited a CFTC review of the contract for sal in
Futures and minifutures based on the S&P/MIB can now be offered and sold in the United States following clearance by the CFTC. The Commodity Futures Trading Commis
The Depository Trust & Clearing Corporation (DTCC) has testified before a House Agriculture Subcommittee in support of bipartisan legislation to ensure regulators around the world continue to share global swaps data to maintain the highest degree of transparency into over-the-counter
