Practice

The Hong Kong Securities and Futures Commission said Monday it is seeking court orders to issue a trading ban against New York-based Tiger Asia hedge fund over alleged insider trading and market manipulation.

Ladenburg is making to deal to expand its trust services for its advisors.

WASHINGTON -- Industry leaders are worried that newly proposed regulations-such as the financial reforms being debated by the Senate and the Securities and Exchange Commission's large trader reporting system-would seriously hinder market activity. But officials argue that such changes are necessary to bring markets out of the dark.

The Securities and Exchange Commission’s Office of Inspector General found that at least 33 SEC employees and contractors used government computers to view pornographic images in the past five years.

The Department of the Treasury is asking primary dealers what impact the SEC’s revisions to Rule 2a-7 will have.

PE manager Onyx Capital Advisors charged with committing fraud against area pension funds

It appears the best way to broker a compromise on a hot-button issue in the regulatory reform bill is to study it. That, at least, is the approach taken in Senate Banking Committee Chairman Chris Dodd's 1,300-plus-page bill, which includes more than two dozen studies on topics from industrial loan companies to contingent capital to the implementation of the Volcker Rule.

The Financial Industry Regulatory Authority announced Thursday it has reached settlements with units of HSBC and U.S. Bancorp related to the sale of auction-rate securities that became illiquid when auctions froze in February 2008.

The civil suit filed against Goldman Sachs by the Securities & Exchange Commission alleging securities fraud could strengthen the argument to establish a universal fiduciary standard, according to legal experts.

The Department of the Treasury on Friday issued a questionnaire to primary dealers asking them how the SEC’s new money market fund rules, which take effect on May 5, could impact demand for Treasuries and the broader Treasury repo and cash market functioning. Treasury is seeking the information ahead of a meeting with the dealers on April 30.