Category Archives: Hedge Fund Regulation
RBC to Pay $2.5 Million for Proxy Statement Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced that RBC Capital Markets LLC has agreed to a $2.5 million settlement for causing materially false and misleading disclosures about its valuation analysis in a proxy statement for Rural/Metro Corporation’s sale in […]
SEC: A “Fox In The Henhouse” Compliance Officer Stealing From His Own Hedge Fund
New York (HedgeCo.Net) – A Long Island man has been accused of stealing from hedge fund brokerage firm Trident Partners. While working as the director of compliance, the SEC alleges that William Quigley opened three brokerage accounts to misappropriate investor […]
SEC Wants New Hedge Fund Reporting Procedures For Derivatives
New York (HedgeCo.Net) – A new monthly portfolio reporting form, Form N-PORT, would require registered funds other than money market funds to provide portfolio-wide and position-level holdings data to the Commission on a monthly basis, the SEC has proposed. Registered […]
Poisoning Suspected In Death Of Second Hedge Fund Lawyer
New York (HedgeCo.Net) – Alexander Perepilichnyy, a Russian whistleblower who died in 2012 of “natural causes,” has been found to have “traces of a rare plant poison in his stomach,” a pre-inquest hearing reported. Perepilichnyy had received death treats after reporting that money […]
Obama Administration Warns Hedge Fund Industry
New York (HedgeCo.NET) Most of the time when you hear that the Obama administration has warned the hedge fund industry about a topic, you automatically think it is in regards to legislation about practices. That wasn’t the case at last […]
Bernanke To Advise At PIMCO After Testing The Hedge Fund Waters
New York (HedgeCo.Net) – The former chairman of the US Federal Reserve has joined another institution not regulated by the Fed. From now on Ben Bernanke will be lead consultant at Deutsche Bank, Pacific Investment Management Company (PIMCO), which monitors assets of […]
Hedge Fund Whistleblower Awarded $600,000
New York (HedgeCo.Net) – An employee who worked at a hedge fund adviser has received the maximum whistleblower award after reporting insider trading activity. NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir also agreed to pay $2.2 million […]
SEC To Crack Down On The $76 Billion Alternative Mutual Fund Market
New York (HedgeCo.Net) – Securities and Exchange Commissioner Luis Aguilar yesterday stated that the commission is having a closer look at the alternative mutual fund market, which grew from about $76 billion in assets at the end of 2009 to over $311 […]
SEC Wants Broker-Dealers To Join The National Securities Association
New York (HedgeCo.Net) – Hedge fund law specialist Sadis & Goldberg reports that the United States Securities and Exchange Commission has announced a proposal to amend Rule 15b9-1 under the Exchange Act to require broker-dealers who trade in off-exchange venues […]
SEC: Confidentiality Agreements Cannot Stifle Whistleblowers
New York (HedgeCo.Net) – The Securities and Exchange Commission today announced its first enforcement action against a company for using restrictive language in confidentiality agreements with the potential to stifle the whistleblowing process. The SEC charged Houston-based global technology and […]
Former Federal Reserve Governor Joins NY Hedge Fund
New York (HedgeCo.Net) – Former Federal Reserve governor Jeremy C. Stein has agreed to consult at $20 billion hedge fund BlueMountain Capital Management, the Wall Street Journal reports. Stein is also a Harvard economics professor. The WSJ says: “Hedge funds, […]
