Tag Archives: securities-and-exchange
SEC needs hedge fund authority-Schapiro
Guardian Unlimited – The U.S. Securities and Exchange Commission needs authority to require hedge fund advisers to register with the agency plus the power to examine funds’ books, the agency’s chairman said on Tuesday. U.S. lawmakers are working to give […]
Hedge fund bill to give SEC registration authority
Guardian Unlimited – A U.S. Senate bill to make the $1.3 trillion hedge fund industry more transparent would give federal regulators the authority to require fund managers to register with the Securities and Exchange Commission, one of the bill’s authors […]
SEC has about 150 hedge fund probes
Reuters – U.S. securities regulators have about 150 active hedge fund investigations and more than 50 probes involving credit default swaps and other derivatives, Securities and Exchange Commission Chairman Mary Schapiro said on Monday. The SEC also has about two […]
Hennessee Group and co-founder settle with SEC over due diligence on Bayou hedge funds
Los Angeles Times – When a well-known investment advisor gave the Securities and Exchange Commission some unsolicited advice this week about protecting investors in hedge funds, he had already been talking to the agency about his own behavior. About half […]
SEC Charges Hennessee On Bayou Hedge Fund Miss
Post Chronicle – U.S. securities regulators charged a prominent hedge fund industry executive on Wednesday with failing to properly review collapsed hedge fund Bayou Group before recommending that their clients invest. Hennessee Group and its principal Charles Gradante, who runs […]
NY AG and SEC probe pension fund investments
MSN MoneyCentral – A corruption scandal at the state’s retirement fund is the latest in a long string involving politically connected intermediaries called placement agents sometimes hired by investment firms hoping to land rich investment deals with pension officials, experts […]
New York, SEC investigates Carlyle Group
SmartBrief – Carlyle Group is being investigated by New York prosecutors and the Securities and Exchange Commission for allegations that it made improper payments to get investments from the state’s pension fund. The payments allegedly were made to intermediaries and […]
Hedge fund fraudster to pay $2.78M
Bizjournals.com – A Massachusetts federal court has ordered a British man to pay $2.78 million in restitution, interest and penalties for orchestrating a scheme to defraud more than 60 investors who invested in his phony hedge fund operation based in […]
N.Y. hedge-fund manager accused of Ponzi scheme
Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances. Stein, who […]
SEC draws flak for decision to contact (hedge fund) clients directly
Wealth Bulletin – The Securities and Exchange Commission’s decision to expand its examination of advisory firms to include contact with clients has irked the advisers, according to an investmentnews report. The advisers fear that their clients might panic and get […]
Madoff faces 150-year sentence after guilty plea
Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]
MAG Capital and owner settle U.S. SEC charges
Reuters – Investment adviser MAG Capital and its owner settled U.S. regulators’ claims that it took warrants from three hedge funds it advised without compensating them, the U.S. Securities and Exchange Commission said on Tuesday. The Los Angeles-based investment adviser […]
