More than 98 per cent of senior hedge fund managers believe the new US administration is likely to increase regulation of the hedge fund industry, according to a report by accountancy f
The US Commodity Futures Trading Commission has filed an enforcement action charging Phillip Milton of Palm Beach Gardens, Florida, Gregory Center of McLean, Virginia, William Center of Richmond, Virginia, and their company Trade, based in Palm Spring Gardens, Florida, with
The US Commodity Futures Trading Commission has filed an action in federal court in Austin, Texas, charging Richard D. Theye and his company Micind Capital Management with fraud in connection with running a multi-million dollar Ponzi scheme. On 17 June
The Hedge Fund Association is opposing the creation of any hedge fund self-regulatory organisation. The feasibility and benefits of creating such an organisation are currently under investigation by the Government Accountability Office in accordance with Title IV, Section 414 of
The Alternative Investment Management Association says that while some details and definitions contained in the US Dodd-Frank Bill remain to be clarified, it supports those parts of the bill relating to the registration of hedge fund managers. It also supports
BNY Mellon, a provider of investment management and investment services, has developed a reporting solution that enables its affected alternative investment clients to prepare and file Form PF, as required by recent rules introduced by the Securities and Exchange Commission
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a time-limited no-action letter for commodity pool operators of securitisation vehicles. The letter states that DSIO will not recommend that the Commission take enforcement
The Commodity Futures Trading Commission (CFTC) has approved final regulations governing dual and multiple associations of associated persons (APs) of swap dealers (SDs), major swap participants (MSPs) and other Commission registrants. The regulations make clear that each SD, MSP
The Securities and Exchange Commission has charged a California-based hedge fund analyst with insider trading in advance of a merger of two technology companies based on non-public information he received from his friend who was an executive at one of
Rajarengan (Rengan) Rajaratnam, a former portfolio manager at the hedge fund management firm Galleon Group, has been charged with conspiracy and securities fraud for his alleged involvement in an insider trading scheme. Rengan Rajaratnam allegedly conspired with his brother,
