Dozens of Stakeholders Raise Concerns on Burdens of FATCA Regime

Dozens of foreign banks, foreign insurance companies, professional associations including several based in Washington, and other stakeholders around the world are asking the Internal Revenue Service for exceptions and clarifications…

SEC Proposes Rules to Bring Transparency to Major Private Investment Fund Advisers

The Securities and Exchange Commission Nov. 19 voted 4 to 1 to propose rules that would implement the Dodd-Frank Wall Street Reform and Consumer Protection Act’s mandate for hedge and private equity fund advisers with at…

Republican-Controlled House Expected to Shape Rulewriting Under Dodd-Frank

The full impact of the 2010 midterm elections is still being sorted out, but for financial services firms, what is clear is that the Republican-controlled House will be changing…

SEC, Connecticut Charge Advisory Firm with Fraud in Valuing Portfolio Assets

BOSTON—The Securities and Exchange Commission and state regulators in Connecticut filed suits Oct. 25 charging hedge fund investment manager Stephen M. Hicks and his investment advisory…

Private Equity Funds Accuse French Bank Unit of Fraudulently Selling Over $70 Million of Subprime Securities

A group of private equity funds Oct. 22 alleged in the New York Supreme Court that Credit Agricole Securities (USA) Inc. and its French fraudulently induced their purchase of more than $70.5 million of subprime…

Geithner, EU’s Barnier Pledge to Cooperate on Regulatory Reform, Agree on Trading Rules Deadline

Treasury Secretary Timothy Geithner and European Union Internal Market and Service Commissioner Michel Barnier reaffirmed their commitment Oct. 29 to cooperate on…

SEC Charges Two Hedge Fund Managers over $1 Billion Sent to Petters Ponzi Scheme

The Securities and Exchange Commission Oct. 14 brought charges against two Florida-based hedge fund managers and their firms over an…

New Financial Stability Oversight Council Seeks Feedback on Asset Managers in Oversight of Nonbank Firms

The Financial Stability Oversight Council has asked for feedback on a long list of factors that might trigger new…

Disclosures by Hedge Fund Advisers Not Reviewed Properly, SEC Inspector General Concludes

No division or office at the agency regularly reviews the periodic reports submitted on a quarterly…

BNA INSIGHTS: SEC Overhauls Registration Form for Investment Advisers … And Misses an Opportunity

The Dodd-Frank Act was on the minds of the five Commissioners of the U.S. Securities and Exchange Commission as they voted in July to overhaul Form ADV, the application and…

« Previous Page — Next Page »