By Northern Trust – After a November 2018 roundtable on the proxy process, the SEC has begun issuing guidance around the use of proxy advisors. This promises to be the beginning of the SEC’s scrutiny into proxy voting, not the
An Order Finding Defendants In Civil Contempt has been issued by a judge in the United States District Court for the Northern District of California against defendants Lawrence R Goldfarb (Goldfarb) and Baystar Capital Management, LLC (Baystar Capital) in the
The US District Court for the Southern District of Florida has entered an order of default judgment and permanent injunction against Abraham Gutterman, who currently resides in Brooklyn, NY, and his companies, Alliance Capital Metals LLC (ACM) and AR Goldman
The Commodity Futures Trading Commission has issued final interpretative guidance to, under certain circumstances, exempt foreign regulators from the indemnification and confidentiality provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. This exemption applies generally to data that
The US Commodity Futures Trading Commission (CFTC) has entered an order requiring Newedge USA, LLC (Newedge), a New York-based futures commission merchant, to pay a USD700,000 civil monetary penalty for submitting inaccurate large trader reports to the CFTC and for
The Securities and Exchange Commission has filed fraud charges against New York-based hedge fund adviser Philip A Falcone (pictured) and his advisory firm, Harbinger Capital Partners LLC for illicit conduct that included misappropriation of client assets, market manipulation, and betraying
In the future, investment banking will be more tightly regulated and dominated by risk-averse commercial banks, while new firms that are structured as partnerships but are much smaller wil
The Securities and Exchange Commission has charged a former senior executive at a Silicon Valley technology company for illegally tipping convicted hedge fund manager Raj Rajaratnam with non-public information that allowed the Galleon hedge funds to make nearly USD1m in
US legal firm Bryan Cave provides a summary of the final SEC rules covering the registration of hedge fund advisers in the USA. On December 2, 2004, the Securities
Dermot Butler speaks out and exposes flaws in the SEC’s proposals to increase the US market regulatory burden on US and non-US hedge fund managers.
