New Hire Roundup: BNY Mellon Announces Organizational Changes
Commonfund's president and CEO Verne Sedlacek will step down; Sarr to head ESG investing at Northern Trust Asset Management.
Wachovia Settles SEC's ARS Charges
The SEC announced a settlement with Wachovia Securities LLC that will provide more than $7 billion in liquidity to customers who invested in ARS before the market collapsed.
News & Products
The Securities and Exchange Commission announced on May 31 the institution of proceedings against 15 broker/dealer firms for engaging in violative practices in the $200...
Massachusetts Regulators Say A.G. Edwards Condoned Market Timing
BOSTON (HedgeWorld.com)--Massachusetts' chief regulator, Secretary of the Commonwealth William F. Galvin, filed an administrative complaint Wednesday alleging three employees of St. Louis-based A.G. Edwards & Sons Inc. ran a market-timing operation out of the firm's Back Bay office that benefited two offshore hedge funds. According to the complaint, Mr. Galvin's...