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The Securities and Exchange Commission announced it has charged hedge fund advisor Steven Cohen with failure to supervise two senior employees. The charges also included failing to prevent the duo from insider trading.
July 22 -
Hedge fund managers now no longer have to hide behind their websites because they are free to advertise openly to investors who meet their investment requirements courtesy of President Obama's JOBS Act.
July 21 -
One service provider is looking to take advantage of the migration of hedge funds into the mutual funds space by offering its hedge fund clients its Investment Company Compliance Services offering.
July 19 -
The Senate Banking Committee unanimously agreed to recommend the full Senate confirm Kara Stein and Michael Piwowar as Securities and Exchange Commission members and approve chairman Mary Jo White to serve a full term.
July 19 -
Readers reacted loudly to news that the CFP Board sanctioned former chairman, Alan Goldfarb for selecting fee only and, later, salary to describe his income on a form on the FPA website.
July 17
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Sen. Elizabeth Warren, the Massachusetts Democrat credited with conceiving the Consumer Financial Protection Bureau, said confirmation of a director for the agency is both a major step and a call to vigilance.
July 17 -
The Senate Banking Committee will meet Thursday to vote on whether to recommend the Senate confirm two nominees to the Securities and Exchange Commission.
July 17 -
Kenneth R. Lench, the chief of the structured and new products unit at the SECs division of enforcement, is leaving at the end of the month.
July 17 -
Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.
July 17 -
A Financial Industry Regulatory hearing panel has suspended former broker Anthony Grey for two years, fined him $30,000, and ordered him to disgorge $16,000 in ill-gotten gains for routing muni bond trades through his personal accounts before selling them, through his firm, to retail customers at excessive markups.
July 15
