Two options traders who the Securities and Exchange Commission charged earlier this year with short selling violations have agreed to pay more than USD14.5m to settle the case against them. An SEC investigation found that brothers Jeffrey A. Wolfson and
The Securities and Exchange Commission has charged UBS Securities LLC for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales. UBS settled the enforcement action by agreeing to pay a USD8 million penalty and
By Simon Gray – Never has there been so much discussion in the industry about the redomiciliation of funds from offshore to onshore financial centres, especially within the European Union, in order to meet the preferences of institutional investors cagy
The Commodity Futures Trading Commission’s division of swap dealer and intermediary oversight (DSIO) has issued a no-action letter to provide relief from registration for various swaps intermediaries until 31 December 2012. Without the delay, certain entities would have to be
Berry Palmer & Lyle (BPL Global), a political risk insurance broker, has opened a Singapore subsidiary, following on from the opening of its Hong Kong branch in early 2011. Berry Palmer & Lyle (BPL Global), a political risk insurance broker,
By James Williams – EXANTE is a unique integrated trading and fund platform offering whose genesis grew out of a challenge faced by its five managing partners. All of them came from a trading background and shared a similar evolutionary
IMQubator (IMQ) and Hong Kong-based Synergy Fund Management (SFM) – founded by Eliza Lau, former CEO and CIO of SAIL Advisors – have teamed up to source and seed the next generation of Asia-Pacific managers. With a focus on China
This week VAM Funds, the Luxembourg-based specialist fund manager announced it had expanded its Asian team with the appointment of Paul Bamber as sales manager.
Kinetic Partners is now offering a global background checking service to complement its investor led fund, fund manager and service provider operational due diligence (ODD) services. Individuals applicable for background investigation may include a fund manager’s chief executive officer,
Hassans, the Gibraltar based international law firm, is pleased to announce the completion of its 10th fund transaction, raising EUR1.45 billion since July 2011. These fund transactions cover sectors, such as Chinese securities, Online Gaming applications, African Resources, Private Equity/Real
