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Category Archives: Hedge Fund Regulation

Governor Cuomo Vetoes New Bill Expanding Pension Allotment To Hedge Funds

New York (HedgeCo.Net) – Andrew Cuomo, the Governor who banned fracking in NY state, de-criminalized the use of medical marijuana and signed same-sex marriage legislation into law, yesterday vetoed a bill that aimed to raise the amount of assets New […]

White: SEC To Focus On Asset Management Risks In 2015

New York (HedgeCo.Net) – SEC Chair Mary Jo White announced in a speech at The New York Times DealBook Opportunities for Tomorrow Conference, that she has chosen to focus on the regulation of funds and their advisers. “We are now embarking on […]

Hedge Fund Manager Launches The Amerijuana Fund

New York (HedgeCo.Net) –  Former founder of the Harley-Davidson Finance Company, Stephen Denari, has left the Prairie Wellness Fund to launch a new convertible debt/equity fund. This financing vehicle will initially provide financing to winning applicants for the newly created […]

SEC Adopts Rules to Improve Systems Compliance and Integrity

New York (HedgeCo.Net) – Given the heavy reliance on technology and automated systems in the securities markets today, the impact of technology failures can be significant. The SEC voted to adopt new rules designed to strengthen the technology infrastructure of […]

California Hedge Fund Founder Denied Re-Trial

New York (HedgeCo.Net) – San Francisco hedge fund founder Doug Whitman has been denied a new trial on his insider trading case which earned him two years in jail, the WSJ reports. Whitman was sentenced in January 2013 after a […]

Goldman Dumps $285 Million In Hedge Fund Stakes

New York (HedgeCo.Net) – In order to comply with rules implementing the new Volcker regulations, Goldman Sachs announced the sale of all liquid hedge fund assets. The WSJ reports: In a filing on Wednesday, Goldman said it had sold $2.55 billion it […]

SEC Names Hedge Fund Specialist To Run It’s National Exam Program

New York (HedgeCo.Net) – Marc Wyatt has been named Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE). Before joining the SEC, Wyatt was a principal and senior portfolio manager at Stark Investments, a global multi-strategy hedge […]

Rajaratnam Agrees To Pay $840 Thousand To Settle Hedge Fund Insider Trading Case

New York (HedgeCo.Net) – Former hedge fund manager Rengan Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. The SEC filed civil charges in March […]

Hedge Fund Management Fees Are Subject to Social Security Taxes

New York (HedgeCo.Net) – Eurekahedge reports in an article by Mark Leeds and Mayer Brown that a recent Internal Revenue Service (IRS) audit ruling highlights planning traps that can dramatically affect when Social Security taxes can be imposed. On September 5, […]

5 Years Behind Bars For Former Hedge Fund Analyst

New York (HedgeCo.Net) – A former analyst for a hedge fund investment adviser in San Francisco, California, has received a 3 year prison sentence for his part in a $27 million fraud scheme based on insider trading, The New York […]

SEC Takes A Closer Look At Hedge Fund Investment Advisers

New York (HedgeCo.Net) – Hedge fund regulatory adviser FrontLine Compliance reports that the SEC has been exerting its force with the registered investment adviser community this year. Several enforcement cases made public by the SEC have focused on registered advisers […]

Hedge Fund Manager Charged With Lying To Investors Over Madoff Losses

New York (HedgeCo.Net) – Former hedge fund manager Nikolai Battoo has been ordered to pay more than $358 million in a SEC lawsuit stemming from million in losses Battoo hid from investors. “This is an appropriate penalty because of the sheer […]

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