(HedgeCo.Net) The Securities and Exchange Commission has instituted two related enforcement actions against Nomura Securities International Inc., which has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. The SEC orders […]

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against ADM Investor Services Inc. (ADMIS), a registered futures commission merchant located in Chicago, Illinois. The Order requires ADMIS to pay a civil monetary penalty […]

(HedgeCo.Net) For a third straight year, the U.S. insurance industry as a whole pulled back from hedge fund investments, by roughly $2 billion in 2018 to $14.4 billion, with the life/annuity segment reporting a year-over-year reduction of more than 18%, […]

(HedgeCo.Net) A Texas federal court ordered two defendants—one using the name Morgan Hunt (Hunt), purportedly of Arlington, Texas (Hunt), and the other using the name Kim Hecroft (Hecroft), purportedly of Baltimore, Maryland (together, Defendants)—to pay nearly $400,000 in civil monetary […]

(HedgeCo.Net) Five federal financial regulatory agencies announced on Tuesday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act. The Volcker Rule generally restricts banking […]

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against an accountant and her friend, whom she illegally tipped with confidential information in advance of her company’s quarterly performance announcements in exchange for all-expense paid travel and other […]

(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a settled amended final judgment against a New York-based broker who was previously charged by the SEC with defrauding retail customers. The SEC charged Jovannie Aquino, […]

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has issued, “There’s Nothing to Like about Scammers on Social Media,” a Customer Protection Advisory that warns customers to beware of and avoid unregistered brokers and advisers, as well as fake testimonials and […]

(HedgeCo.Net) The Commodity Futures Trading Commission has announced an award of approximately $2 million to two model whistleblowers who provided the agency with significant information that prompted the CFTC to open an investigation. The CFTC found numerous violations of the […]

(HedgeCo.Net) The Securities and Exchange Commission has charged Fieldstone Financial Management Group LLC and its principal Kristofor R. Behn, both of Foxboro, Mass., with defrauding retail investment advisory clients by failing to disclose conflicts of interest related to their recommendations […]

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Elephas Investment Management Ltd. (Elephas), a Hong Kong based hedge fund, for violating wheat futures speculative position limits. The Order requires Elephas to pay […]

(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Respondent, Eagle Market Makers, Inc. (Eagle), an Illinois firm, for engaging in wash sales and noncompetitive transactions which were traded on the Chicago […]