{"id":6937,"date":"2007-12-27T00:00:00","date_gmt":"2007-12-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"federal-commodities-regulators-settle-hedge-fund-supervision-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2007\/federal-commodities-regulators-settle-hedge-fund-supervision-case.html","title":{"rendered":"Federal commodities regulators settle hedge-fund supervision case"},"content":{"rendered":"<p>CNBC- Futures and options broker MF Global Ltd. agreed Wednesday to pay more than $77 million (euro53.5 million) to settle federal charges that it failed to watch over a hedge fund charged with fraudmore than two years ago.<\/p>\n<p class=\"textBodyBlack\">  The Commodity Futures Trading Commission settled the charges with MF Global, formerly known as Man Financial.<\/p>\n<p class=\"textBodyBlack\">  The government said the company did not adequately supervise accounts used by Philadelphia Alternative Asset Management Co., a hedge fund that regulators charged with fraud in summer 2005.<\/p>\n<p class=\"textBodyBlack\">  The CFTC, which pursued the case with the receiver in charge of the hedge fund&#8217;s assets, said it settled the charges with both MF Global and a former account executive, Thomas Gilmartin, who also  had an ownership stake in the hedge fund and failed to tell his employer.<\/p>\n<p class=\"textBodyBlack\">  <a href=\"http:\/\/www.cnbc.com\/id\/22400948\/for\/cnbc\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC- Futures and options broker MF Global Ltd. agreed Wednesday to pay more than $77 million (euro53.5 million) to settle federal charges that it failed to watch over a hedge fund charged with fraudmore than two years ago. The Commodity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6937","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6937"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6937\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}