Tag Archives: regulators


SEC remains unfit to prevent next Madoff

Sentinel and Enterprise – After Bernard Madoff’s Ponzi scheme collapsed, having bilked charities, hedge funds and retirees of as much as $65 billion, the temptation is to say: “We’ve learned our lesson. That will never happen again.” Barring an overhaul […]

Blistering report faults SEC for Madoff misses

Reuters – U.S. securities  regulators missed “numerous” red flags that may have led to  Bernard Madoff’s $65 billion Ponzi scheme and never did a  “thorough and competent” probe despite complaints dating to  1992, a federal watchdog has concluded. The U.S. […]

Korea Beral shares rally on Icahn M&A hopes

Reuters – Shares in Korea Beral soared more than 11 percent after a unit controlled by activist investor Carl Icahn raised its stake in the car parts maker, fanning speculation about a possible unsolicited takeover bid. F-M International Ltd, which […]

Pequot Trading in Google, Cox, Premcor Sparked Warnings to SEC

Bloomberg – Pequot Capital Management Inc., once the world’s biggest hedge-fund manager, was cited in at least 44 private reports from exchange watchdogs in the past four years alerting U.S. regulators to potential insider trading, market manipulation or other misconduct, […]

Ex-Chief of AIG Settles SEC Case for $15 Million

The Ledger – Federal regulators announced an agreement with Maurice R. Greenberg on Thursday to settle accusations that he oversaw an accounting fraud at the American International Group. But Mr. Greenberg did not go quietly. Shortly after the announcement from […]

Strong payout near resolution

Milwaukee Journal Sentinel – Five years after regulators forced the sale of Strong Funds to Wells Fargo and Co. at the height of a national mutual fund scandal, investors in 24 former Strong Funds are moving closer to receiving their […]

Big oil speculator defends practice in Washington

The Daily Advertiser – John Hyland’s funds control billions of dollars that flow in and out of energy markets, making him one of the biggest oil speculators in the world and also one of the biggest potential targets for federal […]

Hedging on Hedge Fund Scrutiny Fine With Court: Ann Woolner

Bloomberg – Let’s say you hand a million dollars or more to an investment advisory firm that boasts a sterling reputation, grand results and a promise to thoroughly investigate hedge funds before recommending them. For all the claims of super […]

Activist funds eye resurgence in friendlier climate

Alibaba News Channel – European companies emerging from the credit crisis should start looking over their shoulders: activist investors are set to return from hibernation, working more closely than ever with institutions to effect change. The activists, who favour methods […]

Major U.S. exchange chief urges SEC-CFTC merger

Bloomberg – The two main regulators of U.S. financial markets should merge, the chief executive of America’s largest options exchange says in remarks to be delivered to a congressional panel on Friday. William Brodsky, CEO of the Chicago Board Options […]

Highland Park-based hedge fund manager granted bail

Chicago Tribune – Illinois hedge-fund manager Gregory Bell, who was charged with wire fraud for his role in an alleged Ponzi scheme, was granted $1.5 million bail and required to wear an electronic monitor, a federal judge in Minnesota ruled […]

Oil Little Changed on Concern Demand Recovery Yet to Occur

 Bloomberg – Crude oil was little changed near $60 a barrel in New York amid concerns the global recovery has yet to take root, postponing a rebound in demand for fuel. Hedge-fund managers and other large speculators reduced their net-long […]

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