SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
ACLI Objects To SEC Market Timing Proposal
By Arthur D. PostalLife insurers are concerned that a regulation proposed by the Securities and Exchange Commission to curb abusive market timing will put variable annuities at a ...
April 03, 2006
Hedge Fund Denies SEC AllegationsSAN FRANCISCO (HedgeWorld.com)--The in-house legal counsel to Global Crown Capital LLC is publicly denying the Securities and Exchange Commission's fraud allegations against Global Crown's Cogent Capital Management hedge fund. Yesterday, the SEC made public its cease-and-desist order proceedings against the hedge fund and its owners, charging that the hedge fund...
April 01, 2006
A Less Scary SEC?When the talk turns to Securities and Exchange Commission examinations and inspections, advisors tend to take notice. How can they do otherwise? The SEC conducted...
March 13, 2006
SEC Bars Hedge Fund ManagerBOSTON (HedgeWorld.com)--In what amounts to a bit of housekeeping and not much else, the Securities and Exchange Commission has barred a hedge fund manager accused of insider trading from associating with any investment adviser. Michael K. C. Tom, who ran Global Time Capital Management LLC, used inside information about a...
March 13, 2006
SEC Sues Hedge Fund for Investment in Another FundCHICAGO (HedgeWorld.com)--The case of a Lake Forest, Illinois, hedge fund that got swindled by group of alleged fraudsters took a strange twist on March 2 when the Securities and Exchange Commission sued the hedge fund and its principal, Sharon E. Vaughn, in federal district court, alleging she defrauded her own...
March 13, 2006
Legal Roundup: Two Actions and a 'No Action'BRIDGEPORT, Conn. (HedgeWorld.com)--The former chief operating officer of Durus Capital Management LLC was sentenced to one year of probation and a fine of $10,000 Monday [March 6]. Douglas Schmidt had pleaded guilty five months before to a charge of aiding and abetting the filing of false reports with the Securities...
March 06, 2006
Lawsuits Against Georgia Hedge Fund Piling UpATLANTA (HedgeWorld.com)--A potential hedge fund blowup is bubbling over in the former homeland of the boll weevil. A Georgia hedge fund management firm, International Management Associates LLC, and a related entity, International Management Associates Advisory Group LLP, have seemingly dissolved overnight. Some $150 million in investor assets is thus far...