Trading
Virginia Retirement to co-lead suit against Corzine over MF Global losses
Virginia Retirement System, Richmond, and the Canadian province of Alberta will lead a group lawsuit against Jon Corzine seeking compensation for losses from MF Global Holdings' collapse.
January 26, 2012 | 03:15 pm
7 charged in federal hedge fund insider-trading probe
Seven people were charged Wednesday in U.S. District Court in New York with securities fraud and conspiracy as part of a five-year federal investigation of insider trading at hedge funds.
January 18, 2012 | 03:46 pm
CBOE CEO Brodsky embarrassed by Illinois pension fund problems
CBOE Holdings Inc. CEO Bill Brodsky derided the state of Illinois for financial problems, such as underfunding of state pensions, just weeks after the state passed a new law that will reduce the...
January 12, 2012 | 10:52 am
BNY Mellon close to settling federal forex case
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to...
January 10, 2012 | 09:47 am
Using social media data as a trading indicator
If your New Year's resolution is to harness social media and really make it work for you, a collaboration between Gnip Inc. and StockTwits could provide an easier way to meet your goal.
January 09, 2012
Fidelity, Och-Ziff seek stiffer collateral rule before CFTC vote
The U.S. Commodity Futures Trading Commission may complete rules next week that set protections for swap traders' collateral as some hedge funds and mutual funds push for additional safety measures...
January 04, 2012 | 09:38 am
New swaps rules put pension execs between rock, hard place
The missing-money controversy surrounding MF Global Holdings Ltd. is putting large corporate and public pension plans that use swaps in a no-win situation, regardless of its outcome.
December 26, 2011
CVC drops takeover of ConvergEx amid federal probes
ConvergEx, a trading-software company partially owned by Bank of New York Mellon, said its July agreement to be bought by CVC Capital Partners was terminated amid regulatory investigations of its...
December 23, 2011 | 02:14 pm
Iowa Public Employees seeks cost analysis, forex broker services
Iowa Public Employees' Retirement System, Des Moines, issued separate RFPs for transaction cost analysis services and for agency brokerage services for foreign-exchange transactions.
December 23, 2011 | 10:17 am
BNY Mellon urges court to dismiss N.Y. forex suit
Bank of New York Mellon asked a court to dismiss the New York attorney general’s lawsuit accusing it of defrauding clients in foreign-exchange transactions.
December 14, 2011 | 12:16 pm
BNY Mellon loses bid to end Virginia lawsuit
Bank of New York Mellon lost a bid for dismissal of a lawsuit brought by the state of Virginia that accuses it of defrauding pension funds in foreign-currency trades.
November 18, 2011 | 04:29 pm
Aiding risk oversight
The Securities and Exchange Commission's concept release on the use of derivatives by mutual funds, exchange-traded funds and other investment companies could serve as a valuable guide for other...
November 14, 2011
MF Global broker-dealer unit cuts its 1,066 workers
The trustee for MF Global, the broker-dealer unit of the collapsed New York-based parent, said Friday that its 1,066 employees will be cut as part of that unit's liquidation.
November 11, 2011 | 01:48 pm
MF Global CEO resigns 4 days after bankruptcy filing
Jon Corzine, who joined MF Global Holdings 20 months ago to transform the futures broker into an investment bank, quit Friday amid regulatory probes and after the firm filed the eighth-largest...
November 04, 2011 | 01:37 pm
CME claims MF Global didn’t segregate client collateral
MF Global Holdings, under investigation by U.S. regulators after filing for Chapter 11 bankruptcy protection, violated requirements that it keep clients’ collateral separate from its own accounts, CME Group CEO Craig Donohue said Tuesday.