Category Archives: Hedge Fund Regulation
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. […]
Warren Proposes Legislation To Break up Megabanks From Riskier Investments Like Hedge Funds
New York (HedgeCo.Net) – A of group of U.S. senators led by senior United States Senator Elizabeth Warren, yesterday introduced legislation that would break up Wall Street’s megabanks by separating traditional banking activity from riskier financial services such as investment banking, […]
Hedge Fund Investors Continue Leaving SAC
New York (HedgeCo.Net) – San Francisco-based fund of hedge funds Ironwood Capital Management is planning to pull about $100 million from hedge fund billionaire Steven Cohen’s SAC Capital Advisors, according to a Reuters report. Since the SEC insider trading investigation […]
Hedge Fund Manager Highland Wins Investor Lawsuit
New York (HedgeCo.Net) – Dallas-based hedge fund manager Highland Capital Management LP won a court ruling against some of it’s investors who believed they were misled regarding the health of two of it’s hedge funds. Investors alleged that as a […]
Hedge Fund Managers: AIFMD To Be Implemented on July 22
New York (HedgeCo.Net) – The Alternative Investment Fund Managers Directive (the “Directive”) will be implemented on July 22, 2013 and will impact the reporting requirements of alternative investment fund managers (“AIFMs”) covered by the Directive, including hedge funds based in […]
SEC To Focus On Trade Allocation at Hedge Funds
New York (HedgeCo.Net) – The Securities and Exchange Commission recently discussed its exam priorities for 2013. Topics they will focus on include conflicts of interest related to trade allocation at hedge funds and fund governance, Corgentum’s Due Diligence News reports. The […]
Final FATCA Regulations Have Been Issued
The Foreign Account Tax Compliance Act (FATCA) provisions were introduced in response to instances where foreign assets of U.S. taxpayers were discovered to have been hidden in offshore accounts and held through foreign entities. This resulted in a substantial amount of […]
