Regulatory

SEC, European regulators make oversight agreement

The Securities and Exchange Commission has announced it has established supervisory arrangements with financial regulators of the member states of the European Union (EU) and the European Economic Area (EEA) as part of long-term strategy to improve the oversight of certain entities in the asset management industry that operate across national borders, including investment advisors and investment fund managers.

By Staff |July 22, 2013

1 min read

Advisor charged for failing to prevent insider trading

The Securities and Exchange Commission (SEC) has announced charges against hedge fund advisor Steven A. Cohen for failing to supervise two senior employees and prevent them from insider trading under his watch.

By Staff |July 19, 2013

2 min read

CSA announces results of continuous disclosure reviews

The Canadian Securities Administrators (CSA) today published Staff Notice 51-339 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2013, which summarizes the results of the CSA’s continuous disclosure (CD) review program.

By Staff |July 19, 2013

2 min read

SEC slaps $13.9 million penalty on Rajat Gupta

The Securities and Exchange Commission (SEC) today obtained a $13.9 million penalty against former Goldman Sachs board member Rajat K. Gupta for illegally tipping corporate secrets to former hedge fund manager Raj Rajaratnam.

By Staff |July 19, 2013

2 min read