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The seemingly intuitive application of long-standing securities anti-fraud and anti-manipulation rules to the complex world of over-the-counter derivatives, particularly where derivative products intersect with the loan market, will affect trading practices and compliance rules at all institutions trading these instruments, according to Richards Kibbe & Orbe partners Julia Lu and Eva Marie Carney…
Before The Dodd-Frank Wall Street Reform and Consumer Protection Act, loan credit default swaps (LCDS) and loan total return swaps (LTRS) were outside the ambit of each of the Commodity Exchange Act (CEA), the Securities Act of 1933, and the Securities Exchange Act of 1934 and the
Skyline Capital Management, the London-based hedge fund manager established last year by Geoff Bamber and Vernon West, announced this week that it was launching a global equity
Gide Loyrette Nouel, an international law firm established in Paris in 1920 and regarded as one of Europe&rsq
According to research by RBC Dexia Investor Services, several European markets missed the deadline to implement the 1July UCITS IV Directive.
JP Morgan Asset Management has decided to launch a Japan Market Neutral (UCITS) Fund, based on the Nippon Neutral Strategy,
The US Commodity Futures Trading Commission (CFTC)has filed charges against two air traffic controllers, Louis J Giddens, Jr of Fayetteville, Ga, and Anthony W Dutton of Peachtree City, Ga, as well as commodity trader Michael Gomez of Valrico, Fla, for operating a fraudulent off-exchange foreign currency (forex) scheme in which they solicited and accepted approximately USD1.4 million from the general public.
The complaint was filed under seal on June 23, 2011, and on June 24, 2011, Judge William S Duffey, Jr, of the US District Court of the Northern District of Georgia, entered a restraining order freezing Gomez’s assets and
The Honorable Jed S Rakoff of the United States District Court for the Southern District of New York has entered a judgment against David Plate in SEC v Galleon Management, LP, et al., 09-CV-8811, an insider trading case the SEC filed on October 16, 2009.
The SEC charged Plate, who was a registered representative and a proprietary trader at the broker-dealer Schottenfeld Group, LLC, during the relevant time period, with using inside information to trade ahead of an impending acquisition announcement.
In its action, the SEC alleged that, in March 2007, Plate was tipped inside information that Kronos Inc. would
David Miller, Partner at Cheviot Asset Management, believes that whilst austerity measures have been passed, this will not do much to soothe the nerves of investors, who will still be worried about how Greek voters will cooperate with the plans…
Rational investors quite rightly believe that Germany will use its financial strength to restore stability to the Eurozone and that when Greece defaults it will be in a controlled manner. Very similar to when JP Morgan bought Bear Stearns in March 2008. Avoidance of contagion was then, and is now with Greece, the main priority. Unfortunately investors are rather more
Deutsche Bank is to serve as a market maker in the option on the EURO STOXX 50 Index Dividend future. Deutsche Bank is the first Permanent Market Maker in this product, providing continuous quotation in the order book.
Since 1 June 2011, Eurex Exchange has been offering its Permanent Market Makers who fulfil predefined quote obligations in the option on EURO STOXX 50 Index Dividend future significant rebates until the end of 2012.
“We are pleased to have Deutsche Bank as a Permanent Market Maker as price transparency in the order book is one major precondition for the further
Following the news that RAB Capital was de-listing from the Alternative Investment Market (AIM) on the LSE due to client redemptions, the Fi
