Category Archives: Hedge Fund Regulation
SEC Charges RBS Subsidiary with Misleading Investors
New York (HedgeCo.net) – RBS Securities Inc., is under fire by the SEC for misleading investors in a 2007 subprime residential mortgage-backed security (RMBS) offering. RBS agreed to settle the matter and pay more than $150 million, which the SEC […]
Defrauding Investors: Whistleblower Awarded More Than $150,000 By SEC
New York (HedgeCo.Net) – The SEC today awarded more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors. “This is continued momentum and success for the SEC’s whistleblower program that is bringing […]
Hedgie Scaramucci Speaks Out On Stephen Cohen
New York (HedgeCo.Net) – Hedge fund millionaire Anthony Scaramucci spoke to CNBC yesterday regarding the looming SAC Capital settlement with the SEC, saying “The Department of Justice and the SEC are gone crazy in these matters.” “I think it’s sad […]
The SEC’s Proposal on Crowdfunding
New York (HedgeCo.Net) – The SEC yesterday voted unanimously to propose rules under the JOBS Act to permit companies to offer and sell securities through crowdfunding. “There is a great deal of excitement in the marketplace about the crowdfunding exemption, […]
Steven Cohen’s Hedge Fund Deal Nears Resolution
New York (HedgeCo.Net) – CBS News reports that according to an anonymous source, SAC Capital has “reached a tentative deal with federal prosecutors to settle the case and pay more than $1 billion in fines and forfeitures.” Although the deal […]
Survey: Hedge Fund Managers Are Investing In Compliance
New York (HedgeCo.Net) – Hedge fund managers are making significant investments in their firms’ infrastructure to comply with new regulatory requirements, according to a new global survey. The average spend on compliance was at least $700,000 for small fund managers, $6 […]
SEC Charges Hedge Fund Firm With Violations of Market Access Rule
New York (HedgeCo.Net) – Hedge fund Manager Knight Capital Americas LLC has agreed to pay $12 million to settle charges that it violated the SEC’s market access rule in connection with the firm’s Aug. 1, 2012 trading incident that disrupted […]
Falcone Sells Hedge Fund Shares In Bid To Liquidate Assets
New York (HedgeCo.Net) – Philip Falcone has sold 18.6 million shares of Harbinger Group to “mini Berkshire Hathaway” Leucadia National Corp, Bloomberg reports. Falcone sold the shares worth $158m as part of a move to raise funds for his SEC settlement of more […]
Breaking: Hedge Funds Start Advertising Blitz
New York (HedgeCo.Net) – Thanks to Obama’s Jumpstart Our Business Startups Act (Jobs Act), the ban on hedge fund advertising has been lifted starting today. The JOBS Act became law in March 2012 and made the initial recommendation to allow “general […]
NY Hedge Fund Adviser Fined For Breaching Fiduciary Duty Due To Conflict Of Interest
New York (HedgeCo.Net) – One of the founders of New York hedge fund firm Vicis Capital is under fire by the SEC for engineering an undisclosed transaction in which he had a financial conflict of interest. Without admitting or denying […]
Former Goldman Hedge Fund Trader Found Liable For Fraud
New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been found liable for fraud by a jury in Manhattan on six of seven counts of fraud. The SEC in 2010 filed securities fraud charges […]
Former Hedge Fund General Council Named Director Of FBI
New York (HedgeCo.Net) – Former General Counsel at hedge fund Bridgewater Associates has been named by the senate as the new director of the FBI by a 93-to-1 margin. James Brien Comey, Jr. will succeed Robert S. Mueller III, the Washington Post reveals. […]
