Category Archives: Hedge Fund Regulation
Goldman Dumps $285 Million In Hedge Fund Stakes
New York (HedgeCo.Net) – In order to comply with rules implementing the new Volcker regulations, Goldman Sachs announced the sale of all liquid hedge fund assets. The WSJ reports: In a filing on Wednesday, Goldman said it had sold $2.55 billion it […]
SEC Names Hedge Fund Specialist To Run It’s National Exam Program
New York (HedgeCo.Net) – Marc Wyatt has been named Deputy Director of the agency’s Office of Compliance Inspections and Examinations (OCIE). Before joining the SEC, Wyatt was a principal and senior portfolio manager at Stark Investments, a global multi-strategy hedge […]
Rajaratnam Agrees To Pay $840 Thousand To Settle Hedge Fund Insider Trading Case
New York (HedgeCo.Net) – Former hedge fund manager Rengan Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. The SEC filed civil charges in March […]
Hedge Fund Management Fees Are Subject to Social Security Taxes
New York (HedgeCo.Net) – Eurekahedge reports in an article by Mark Leeds and Mayer Brown that a recent Internal Revenue Service (IRS) audit ruling highlights planning traps that can dramatically affect when Social Security taxes can be imposed. On September 5, […]
5 Years Behind Bars For Former Hedge Fund Analyst
New York (HedgeCo.Net) – A former analyst for a hedge fund investment adviser in San Francisco, California, has received a 3 year prison sentence for his part in a $27 million fraud scheme based on insider trading, The New York […]
SEC Takes A Closer Look At Hedge Fund Investment Advisers
New York (HedgeCo.Net) – Hedge fund regulatory adviser FrontLine Compliance reports that the SEC has been exerting its force with the registered investment adviser community this year. Several enforcement cases made public by the SEC have focused on registered advisers […]
Hedge Fund Manager Charged With Lying To Investors Over Madoff Losses
New York (HedgeCo.Net) – Former hedge fund manager Nikolai Battoo has been ordered to pay more than $358 million in a SEC lawsuit stemming from million in losses Battoo hid from investors. “This is an appropriate penalty because of the sheer […]
HFA Seeks Clarification Of “Accredited Investor” In JOBs Act
New York (HedgeCo.Net) – The Hedge Fund Association yesterday submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) as the regulatory agency considers proposed changes to the definition of an “accredited investor” under Rule 501 of Regulation […]
The 100 Most Influential People In Finance
New York (HedgeCo.Net) – Finance and lifestyle magazine for high net worth readers, Worth, has published its annual list of the 100 most powerful people in finance in its October/November 2014 issue. Highlights from the Worth Power 100 are below: […]
Two Charged With Insider Trading On Hedge Fund’s Herbalife Strategy
New York (HedgeCo.Net) – The Securities and Exchange Commission yesterday charged Filip Szymik and Jordan Peixoto for insider trading when they heard hedge fund manager William Ackman and his hedge fund hedge fund, Pershing Square Management, had taken a […]
Hedge Funds Now Allowed to Advertise to Public
New York (HedgeCo.Net) – One year ago, the SEC adopted Title II of the Jobs Act, removing the ban on general solicitation and creating enormous opportunities for capital formation. The elimination of the ‘do not solicit’ rule allows companies with […]
Barclays Capital Pays $15 Million For Compliance Failures After Acquiring Lehman’s Advisory Business
New York (HedgeCo.Net) – Barclays Capital has agreed to pay a $15 million penalty and to undertake remedial measures after being charged by the Securities and Exchange Commission with failing to maintain an adequate internal compliance system to ensure the […]
