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.
Hedge Fund Denies SEC Allegations
By Staff WriterSAN 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...
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...
March 05, 2006
Action Unlikely This Year On Bills Modernizing Insurance RegulationLegislation modernizing the insurance regulatory system will be introduced this spring in both the House and Senate, but the likelihood of passage this year is ...
March 05, 2006
Action Unlikely This Year On Bills Modernizing Insurance RegulationLegislation modernizing the insurance regulatory system will be introduced this spring in both the House and Senate, but the likelihood of passage this year is ...
March 03, 2006
SEC: MetLife Still A Well-Known IssuerThe U.S. Securities and Exchange Commission says a financial services giant can continue to have easy access to the U.S. capital markets.Mary Kosterlitz, an official ...