Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
No-Show Hedge Fund Faces Court Judgment, Fines
By Staff WriterWALTHAM, Mass. (HedgeWorld.com)--A hedge fund manager has been ordered to pay $21 million in disgorgement and prejudgment interest following the firm's failure to appear and respond to the Securities and Exchange Commission's allegations. The SEC won a default judgment against the adviser Groundswell Partners LLC, barring the hedge fund firm...
July 27, 2006
House Panel OKs Reinsurance Regulation BillThe House Financial Services Committee agreed by a voice vote Wednesday to approve a measure that could make regulation of reinsurers and surplus lines coverage ...
July 24, 2006
Money Manager Settles SEC Market-Timing CaseA Kansas fund company has agreed to pay a total of $57 million to settle investigations concerning allegations that the company failed to stop speculators ...
July 24, 2006
Money Manager Settles SEC Market-Timing CaseA Kansas fund company has agreed to pay a total of $57 million to settle investigations concerning allegations that the company failed to stop speculators ...
July 21, 2006
IRS Lets Nonprofits Cut Some Workers From 401(k) TestingThe Internal Revenue Service is loosening antidiscrimination requirements for organizations that offer 401(k) retirement plans to some employees and 403(b) plans to others.The new regulations, ...
July 19, 2006
Hearing Witnesses Support Federal Role In RegulationA Treasury official said Tuesday that Congress probably will have to act to solve the regulatory problems facing the U.S. insurance industry.The proposals under review ...
July 19, 2006
Hearing Witnesses Support Federal Role In RegulationA Treasury official said Tuesday that Congress probably will have to act to solve the regulatory problems facing the U.S. insurance industry.The proposals under review ...
July 18, 2006
SEC Has Done Softers a FavorThe president of a consulting firm that assists asset managers (for hedge funds and others) in tracking and optimizing the value of their soft-dollar commissions said July 13 that he believes the use of such commissions will expand in the years to come.