Regulations News

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  • The Rich Past and Uncertain Future of the NYSE
    By Phil Albinus | May 17, 2013
    On the anniversary of its founding, the New York Stock Exchange shows signs of strength in an uncertain world.
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  • HFT Firms Flood DC with Donor Dollars
    By Phil Albinus | May 17, 2013
    While lawmakers and regulators take a long hard look at high-frequency trading, the firms that trade near the speed of light are donating money like never before.
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  • New Regulations Rank as Top Risk — DTCC Survey
    By Ivy Schmerken | May 10, 2013
    82 percent of financial firms responding to a DTCC survey ranked new regulations and the time and resources required to implement new regulations as a top 10 risk facing the industry.
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  • DataArt Launches Free Form PF Software for Hedge Funds
    By Ivy Schmerken | May 09, 2013
    As an alternative to licensing expensive software, DataArt is offering free Form PF software that simplifies the implementation of automated filings for hedge funds/investment advisers.
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  • 60 Percent of Derivatives Users Unprepared for Dodd Frank and EMIR —Study
    By Ivy Schmerken | May 08, 2013
    The vast majority of corporate end users of derivatives are underprepared for compliance with both rule sets due to regulatory uncertainty, over cross-border swaps, according to a survey by Chatham Financial.
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  • Susquehanna Renews with SunGard for Compliance
    By Ivy Schmerken | May 07, 2013
    Institutional broker dealer Susquehanna Financial Group extended its relationship with SunGard's Protegent as the firm’s platform for trading compliance of its institutional equities trading business.
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  • Finect Launches Network for Financial Industry's Social Media Needs
    By Ivy Schmerken | April 30, 2013
    Enables financial advisors, asset managers and other professionals to create an online presence by using Twitter, LinkedIn and Facebook, while including tools to ensure compliance with the SEC/FINRA's guidelines.
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  • TradingScreen Adds FX Functionality for Dodd Frank Compliance
    By Ivy Schmerken | April 29, 2013
    The firm's EMS now offers midpoint pricing on FX pre-spot, forwards, NDFs and swap deal types, ahead of the regulation's deadline on May 1st.
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  • Westport Capital Partners Files Form PF via Northpoint
    By Ivy Schmerken | April 25, 2013
    A hedge fund manager focusing on real estate picked Northpoint's Form PF filing services to deal with all operational aspects from data collection to electronic submission.
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  • Regulators vs HFT Firms Debate: Who Blinks First?
    By Phil Albinus | April 19, 2013
    The confusion around high frequency trading and algorithmic trading is not helping the discussion of new regulations.
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  • Paulson Eyes New Hedge Fund for Tax Exiles
    By Phil Albinus | April 12, 2013
    Wounded by huge losses and some staggering tax bills, Paulson eyes new fund to help other tax victims. Plus, funds attract $11B in February and the SEC seeks a hedge fund budget boost.
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  • New Limit Up/Limit Down Rules Start Today
    By Michael J. Levas | April 08, 2013
    New limit up/limit down rules will add additional complexities to the markets in an attempt to curb volatility. Let's see how they actually work.
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  • Corzine Lit Matches for MF Global Meltdown: Report
    By Phil Albinus | April 04, 2013
    Former G man Louis Freeh’s report on the spectacular meltdown of MF Global is out - and Jon Corzine does not get off easy.
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  • Spurred By Bonuses, Hedge Fund Traders Feel Pressure to Break Rules
    By Phil Albinus | April 02, 2013
    A survey reveals the depressing state of a hedge fund trader’s mind: They’ve seen misconduct, would break rules to get ahead and doubt the SEC can do anything to fix the industry.
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  • Cyprus Says Threat Contained, No Plan to Leave Euro
    By Michele Kambas, Reuters | March 29, 2013
    The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate.

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  • Commission Considers Good and Bad of British Banking
    By Matt Scuffham, Reuters | March 29, 2013
    The Archbishop of Canterbury has spent the run up to Easter contemplating the ethics of the trading floor and ways to curb greed in the City of London.

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  • More Trouble for Cohen's SAC Capital as Steinberg Indicted in NY
    By Nate Raymond and Matthew Goldstein, Reuters | March 29, 2013
    U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager with Steven A. Cohen's $15 billion hedge fund, with engaging in insider trading in two technology stocks, the most senior SAC Capital Advisors employee to be charged in the government's long-running probe.

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  • Closing In On SAC, FBI Arrests Portfolio Manager
    By Phil Albinus | March 29, 2013
    Federal agents arrested the portfolio manager of the largest hedge fund in the country. After a week of buying mansions and Picassos, is SAC Capital founder Steve Cohen next?
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  • U.S. Court Doesn't Rule on SAC Capital's SEC Settlement
    By Reuters | March 28, 2013
    A U.S. judge ended a hearing on the U.S. Securities and Exchange Commission's proposed $602 million settlement with a unit of SAC Capital Advisors without making a decision on whether to approve it.
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  • Investors Head Back to Safety of Bonds — Poll
    By Carolyn Cohn and Natsuko Waki, Reuters | March 28, 2013
    Global investors grew more cautious this month, reacting to the crisis in Cyprus by adding to safe-haven bond positions, though cash buffers fell to a two-year low, Reuters monthly poll of asset managers showed on Thursday.
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  • Canada's Top Six Banks to Get Capital Surcharge as of 2016
    By Reuters | March 26, 2013
    Canada's banking watchdog said on Tuesday it sees the country's six largest banks as being of systemic importance to the domestic economy and that it will make them keep 1 percent more capital on hand starting January 2016 to protect them from financial disruption.

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  • Citigroup Spinout Napier Park Picks Infrastructure Provider
    By Ivy Schmerken | March 25, 2013
    In the wake of its spinoff from Citigroup as an internal hedge fund unit, Napier Park Global Capital chose Options' infrastructure-as-a service offering as its technology platform.
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  • U.S. Regulators Approve Plan for Lost Facebook IPO Money
    By Reuters | March 25, 2013
    U.S regulators on Monday approved a plan to compensate market makers who lost money in a botched Facebook Inc public offering in May on the Nasdaq exchange.

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  • Columbia University Professor Analyzes HFT
    By Ivy Schmerken | March 22, 2013
    Based on what it calls 'the first meta-analysis of HFT,' Columbia Business School Professor Charles Jones finds that high frequency trading benefits liquidity and lowers trading costs, echoing other academic studies.
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  • Raj Rajaratnam Brother Charged with Insider Trading
    By Nate Raymond, Reuters | March 22, 2013
    Raj Rajaratnam's younger brother was indicted on charges of conspiring in the insider-trading scheme for which the founder of the Galleon Group hedge fund was convicted nearly two years ago, U.S. prosecutors announced on Thursday.

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