Tag Archives: crackdown


More arrests possible in hedge fund case

Boston.com – Federal investigators plan to charge at least 10 securities professionals with insider trading, some linked to the criminal case against billionaire hedge fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter said […]

U.S. Confirms Criminal Cases Against UBS Clients

New York Times – The United States is building criminal cases against more than 150 American clients of UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information. U.S. […]

David Prosser: At last, some good news for hedge funds

The Independent – Grimly aware that a European Commission crackdown on regulation of hedge funds and private equity spells disaster for the EU’s predominantly London-based industry, Treasury ministers have been desperately lobbying their counterparts in Brussels for months, but their […]

FSA to triple some fines

Reuters UK – Britain’s Financial Services Authority (FSA) plans to triple some of the fines it imposes on financial sector wrongdoers as part of a crackdown on offences such as mis-selling and insider dealing. The bigger fines are designed to […]

Darling Predicts Agreement on Hedge Funds, IMF at G-20 Summit

Bloomberg – The Group of 20 leaders will agree on new rules to rein in hedge funds and may more than double the resources of the International Monetary Fund, U.K. Chancellor of the Exchequer Alistair Darling said. “There is a […]

UK financial services regulator proposes shakeup

LONDON (AP) – Britain’s financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds. The government-commissioned banking services report recommends new rules on a wide […]

Financial watchdog out to clip the hedge funds

Times Online – Secretive hedge funds will eventually be subject to the same supervisory rules as banks, under a tightening of Britain’s system of regulation. The changes, which will require banks and other lenders to build up their reserves in […]

Hedge Fund Haven to Tighten Rules

Street.Com – Financial authorities on the Cayman Islands are promising a legislative crackdown to bolster investor confidence in the post-Madoff era. But while the Caymans — long a hedge fund haven due to tax advantages and light regulation — may […]

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