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.
IRS Limits Use Of Life Hedge Fund Wrappers
By Allison BellByFederal officials have completed regulations that could discourage wealth advisors from wrapping clients stakes in "alternative investments" such as hedge funds inside life insurance and ...
February 22, 2005
SEC Moves to Freeze Northshore AssetsCHICAGO (HedgeWorld.com)--In an emergency action filing, the U.S. Securities and Exchange Commission is requesting a freeze on Northshore Asset Management LLC's assets. The commission alleges that the firm committed fraud in diverting US$37 million in two hedge funds. The case follows reported investor complaints and the arrest of former Northshore...
February 22, 2005
IRS Settlement Program Refers To AnnuitiesTax regulators want to block an arrangement that some executives have used to cut taxes related to stock options.[@@]The Internal Revenue Service has unveiled ...
February 22, 2005
Roye Says Extended Lock-Ups May Raise Red FlagsKEY BISCAYNE, Fla. (HedgeWorld.com)--Hedge fund managers who extend their funds' lock-up periods beyond two years risk raising the suspicions of investors and the U.S. Securities and Exchange Commission, Paul Roye, director of the SEC's Division of Investment Management, told attendees at a Managed Funds Association seminar on hedge fund regulation....
February 22, 2005
Roye Says He's Leaving SECWASHINGTON (HedgeWorld.com)--Paul Roye plans to leave the U.S. Securities and Exchange Commission and take a job in the private sector. Mr. Roye, who has headed the...
February 17, 2005
Hedge Fund's Loss Prompts SEC InvestigationNEW YORK (HedgeWorld.com)--Not quite two years have passed since Francis Saldutti sold his Ardent Capital Management's technology hedge fund to NorthShore Asset Management, Chicago. Now, though, a report in the Wall Street Journal says the Securities and Exchange Commission is probing a significant loss of money at the New York-based...
February 16, 2005
NSCC Continues With Plans To Serve SMA MarketA major securities clearing company still wants to help sellers of separately managed accounts automate their business.[@@]The company, the National Securities Clearing Corp., New ...
February 16, 2005
NSCC Publishes New Insurance Transaction FeesNU Online News Service, Feb. 16, 2005, 7:11 p.m. ESTA major securities clearing company is raising processing prices for some insurers and cutting prices ...