Hedge fund and other private fund managers will have to revisit whether they know enough about their clients under recently proposed anti-money laundering rules, experts said.
September 07, 2015
An investment firm that is being acquired by Blackstone Group agreed to settle a U.S. regulator's claims that it improperly paid brokers to sell its mutual funds.
September 04, 2015 | 04:10 pm
A constitutional challenge to the Securities and Exchange Commission’s use of administrative proceedings in enforcement cases was rebuffed Monday by a three-judge panel in the 7th U.S. Circuit...
August 25, 2015 | 04:00 pm
Defined contribution plan executives must ask many questions of service providers about the scope of their cybersecurity policies and practices. The questions should be asked not only of current...
August 24, 2015
Citigroup Global Markets agreed to pay $15 million to settle SEC charges that it failed to adequately review thousands of securities transactions by several of its trading desks over 10 years.
August 19, 2015 | 02:19 pm
The Securities and Exchange Commission's solicitation of perspectives on the state of exchange-traded products produced a fruitful, if predictable, bounty of views from the asset management industry.
August 18, 2015 | 05:45 pm
Bank of New York Mellon Corp. will pay $14.8 million to settle SEC claims that it broke anti-bribery laws in awarding internships to family members of officials with ties to a Middle Eastern...
August 18, 2015 | 01:36 pm
The Securities and Exchange Commission must stop an administrative enforcement proceeding because its appointment of judges hearing such cases is likely unconstitutional, U.S. District Judge Richard...
August 13, 2015 | 02:44 pm
Investment Technology Group agreed to pay $20.3 million to settle SEC charges that the dark-pool operator misused confidential trading information of its subscribers in a secret trading desk.
August 12, 2015 | 11:03 am
An SEC proposal to require money managers to submit additional information about separately managed account clients should proceed carefully, said several letters filed Tuesday.
August 11, 2015 | 03:52 pm
The SEC's inspector general has not found evidence to support allegations of bias in the agency's administrative proceedings, but will continue its investigation, said an interim report.
August 11, 2015 | 03:17 pm
The pressure on private equity and hedge fund firms to disclose more about what investors pay them continues to build from Washington regulators questioning long-held traditions.
August 10, 2015
Guggenheim Partners Investment Management agreed to pay $20 million to settle charges of failing to disclose a $50 million loan to a senior executive from an advisory client.
August 10, 2015 | 03:45 pm
The implementation of the Volcker rule last month is expected to accelerate the trend among institutional money managers to break up their block trades in fixed income, causing concern that the...
August 10, 2015
The SEC on Wednesday recommended establishing registration rules for security-based swaps dealers and major swap participants that also would allow those that are subject to enforcement actions to...