A private fund manager and chief investment officer settled SEC charges for compliance deficiencies that led to inaccurate valuations of client assets.
SEC Office of Compliance Inspections and Examinations Director Peter Driscoll highlighted key risks facing retail investors caused by bad actors and poor internal controls.
NFA barred a former CPO and its principal from NFA membership for one year for using misleading promotional materials concerning the CPO's performance.
The Federal Reserve Board, the Office of the Comptroller of the Currency and the FDIC proposed to exempt residential real estate transactions of $400,000 or less from appraisal requirements.
A former managing director of a major bank agreed to settle CFTC charges for illegally "mismarking" swap valuations in an effort to hide significant trading losses.
A floor broker who traded options on the Chicago Board of Trade agreed to settle CFTC charges that he defrauded his employer by falsely inflating the value and profitability of options positions and misrepresenting the number of options and risk associated with his position.
In testimony before the U.S. House Committee on Financial Services, SEC Division of Investment Management Director Dalia Blass outlined the underlying aims of the Division's policy initiatives.
The SEC charged an SEC-registered investment adviser with engaging in a scheme to inflate the value of securities held by several private investment funds.
