News

More than half of managers use mock SEC exams

Managers have their say on SEC exam trends


FCA moves to bring investment consultants under its control

Launches consultation on referral to the Competition and Markets Authority

SEC using AI technology to root out misconduct

The US regulator rolls out machine learning to spot market risks and potential fraud in its massive datasets



Over three-quarters of managers yet to agree Mifid II pricing terms

More than a third of managers have yet to decide how to pay for research


Hayman Capital hires new GC and CCO

Blake Jones joined in June from Panda Power


FCA warns firms to expect increase in investigations

Regulator says firms need to think differently about the purpose of regulatory probes


CFTC commissioner blasts ‘frozen’ agency in shock resignation

Sharon Bowen said markets are damaged by lack of commissioners


Carlson Capital hires SEC enforcer as CCO

Michael Umayam becomes latest to move into private sector


Weekly news round-up: Visium PM sentenced to 18 months in prison

Ray Dalio on politics echoes of the 1930s; EC pushes on post-Brexit clearing rules; and more…


Tudor creates CLO position as co-GC departs for academia

$11bn firm becomes latest large manager to create chief legal officer position


More CFTC exams planned with added budget

Giancarlo outlined the agency’s spending plans before House legislators


House intelligence counsel joins Eversheds Sutherland

Michael Bahar also previously served as a deputy legal advisor to the National Security Council


MFA seeks return of CFTC reg exemption

Many hedge funds had to register with derivatives regulator as a result of post-financial crisis rule changes



SS&C hits back with counter claim in Tillage cyber-fraud case

Admin giant says commodities manager to blame for allowing fraudsters to steal from its fund


Weekly news round-up: No more Mifid II delays

Scaramucci eyes government job; Esma warns on Mifid II and UK political donations


Mifid II tops reg concerns for Japanese funds

Managers spending up to 10% of total expenses on compliance, Eurekahedge/Aima survey finds


NFA adds risk metric reporting requirement

Swap dealers will need to submit monthly reports


Forced relocation of euro clearing would harm EU, FIA warns

Move would be ‘severely detrimental’ to the economic interests of the union