Latest Dodd-Frank Posts
SEC Uses Risk Analytics to Nab Hedge Fund
Investment Advisers, Litigation, Private Equity The SEC charged a London-based hedge fund adviser and its former U.S.-based holding company with internal controls failures that led to the overvaluation of a fund’s assets and inflated fee revenue for the firms. The case arose from the SEC’s Aberrational Performance Inquiry, an initiative by the Enforcement Division’s Asset Management Unit that uses proprietary […] Read more →
Volker Rule Has Vague Guidance About Prohibited Compensation
Banking, Broker-Dealer, Employment, Executive Compensation The so-called Volker Rule, as required to be implemented by the Dodd-Frank Act, generally prohibits any banking entity from engaging in proprietary trading. The final rule has... Read more →
SEC Grants First Rule 506 Bad Actor Waiver
Public Companies and Securities The SEC has granted the first bad actor waiver under Rule 506 to RBS Securities. RBS pointed out the following to the SEC: The disqualifying judgment arose out of a single... Read more →
Second Recent CFTC “Banging the Close” Case Results in Various CEA Violations, Fines, Trading Bans
Energy On November 25, 2013, the Commodity Futures Trading Commission (CFTC) settled with Daniel Shak and SHK Management LLC (collectively Respondents) for violating the Commodity... Read more →