The Alternative Investment Management Association is to engage with US policymakers and supervisors over the implementation of the Dodd-Frank Act. Aima has set out several key areas of focus ahead of September meetings with US policymakers and supervisors regarding the
The US Commodity Futures Trading Commission (CFTC) has approved a final rule on swap data record-keeping and reporting requirements for counterparties to pre-enactment swaps, those swaps executed prior to passage of the Dodd-Frank Act, and transition swaps, those entered into
The Securities and Exchange Commission has charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida. The SEC alleges that George Levin and Frank Preve, who live in the
The US Commodity Futures Trading Commission has filed a civil anti-fraud enforcement action against Michael Bruce Gale, individually and doing business as Capital Management Group (CMG). The CFTC complaint charges Gale with defrauding investors in connection with operating a commodity
The Commodity Futures Trading Commission (CFTC) has filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc, for fraudulently mis-marking swap valuations to conceal significant trading losses. The CFTC Order requires Bourne to pay
The Securities and Exchange Commission has announced charges against a New York-based fund manager and his two firms for luring investors into a trading program that would purportedly maximise their profits but instead spent their money in unauthorised ways. The
The Securities and Exchange Commission has obtained a record financial penalty of more than USD92.8 million against billionaire hedge fund manager Raj Rajaratnam for widespread insider trading. The final judgment entered by the Honourable Jed S Rakoff of the US
A federal court in New York has entered a consent order of permanent injunction and equitable relief against Paul Greenwood of North Salem, New York. The US Commodity Futures Trading Commission charged Greenwood with operating a USD1.3bn investment scam in
Edwin C. ("Ted") Laurenson has joined McDermott Will & Emery’s Corporate Department as a partner. Based in the Firm’s New York office, Laurenson is focusing his practice on the regulation of public and private investment funds and investment advisory matters.
