Category Archives: Hedge Fund Regulation
UK To “Forgive” Backlog of Wealthy Tax Evaders
New York (HedgeCo.Net) – UK bankers, hedge fund managers and celebrities are being offered a chance to settle income tax avoidance schemes estimated to have sheltered more than £3.5bn ($5.6 billion) through film financing structures and other tax-motivated partnerships, the Guardian reports. The […]
2 Prominent Hedge Fund Managers Found Guilty
New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, […]
Treasury Department Reaches Largest Bank Settlement in U.S. History With HSBC
New York (Hedgeco.Net) – The U.S. Department of the Treasury announced settlements amounting to $875 million, the largest collective settlement in the department’s history, with HSBC. In total, more than $1.9 billion were assessed in penalties for HSBC’s conduct in violation […]
Three Unregistered Brokers Charged For Improper Sales Of Hedge Fund Interests
New York (HedgeCo.Net) – The SEC has charged three brokers who raised funds for an Oregon-based hedge fund manager for failing to register as broker-dealers before engaging in securities transactions. “Broker-dealer registration is crucial to protecting investors from Ponzi schemes […]
ESMA proposals will impact EUR 3billion of CTA UCITS assets, says Alix Capital
Alix Capital, the Geneva-based investment boutique specialising in regulated alternatives investments, is publishing a paper which reveals that ESMA proposals limiting the use of indices by UCITS funds will require a change in investment approach for EUR 3 billion of […]
Rajat Gupta To Receive Sentence For Hedge Fund Fraud Today
New York (HedgeCo.Net) – At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison sentence by U.S. District Judge Jed Rakoff. Gupta was found guilty on June 18th 2012 by a jury […]
1504 Hedge Fund and Private Fund Advisers Have Registered Since The Dodd-Frank Act Was Implemented
New York (HedgeCo.Net) – The SEC reported that 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated such registration. While some private fund advisers […]
SEC Alleges Fraud At New York Hedge Fund
New York (HedgeCo.Net) – The SEC yesterday charged $1billion hedge fund Yorkville Advisors LLC., its founder and president, Mark Angelo, and its chief financial officer, Edward Schinik with exaggerating returns in order to hide losses. The SEC alleges in a 35-page complaint filed […]
CFTC Registration Adds Additional Regulatory Layer for Hedge Funds
Earlier in the year, the Commodities Futures Trading Commission (CFTC) repealed a key exemption from registration that a majority of hedge fund advisers had relied on. Set to expire at the end of the year, hedge funds are now gearing […]
Study: Hedge Funds Could Contribute to Disruptions of the U.S. Financial System
New York (HedgeCo.Net) – According to a new study from the RAND Corporation, “Hedge Funds and Systemic Risk,” hedge funds were not a leading cause of the recent financial crisis, but they do have the potential to contribute to disruptions of […]
Hedge Fund Due Diligence: FinCEN Announces a Roundtable Discussion
New York (HedgeCo.Net) – The Financial Crimes Enforcement Network (FinCEN) will host a roundtable discussion to continue gathering information on the Advance Notice of Proposed Rulemaking (ANPRM) on customer due diligence (CDD) requirements for financial institutions, published in the Federal […]
