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Regulatory News

SEC Charges California-Based Hedge Fund Manager for Operating Ponzi-Like Scheme

SEC Charges Massachusetts-Based Money Manager in Multi-Million Dollar Ponzi Scheme

SEC Proposes Rule Amendments to Strengthen Regulatory Framework for Money Market Funds

SEC Charges Madoff Solicitors and Feeder With Fraud

SEC Charges Two Accountants and Antiguan Regulator for Roles in Stanford Ponzi Scheme

FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Investment Company Securities

SEC Charges Former Quest Executives With Fraudulently Concealing Millions of Dollars of Self-Dealing

SEC Approval and Effective Date for New Consolidated FINRA Rules

SEC, DOL Announce Panelists, Agenda for Joint Hearing on Target Date Funds

SEC Halts Ponzi Scheme Run by Convicted Felon Siphoning Investor Funds for Sports Talk Venture

Information for Investors in the Reserve Primary Fund

SEC Approves Amendments to NASD Rule 2821 Governing Purchases and Exchanges of Deferred Variable Annuities

SEC Obtains Asset Freeze to Halt Nationwide Prime Bank Scheme

SEC and ASC Charge Alabama Broker-Dealer for Rampant Churning and Extensive Supervisory Violations

FINRA Reminds Firms of Sales Practice Obligations Relating to Leveraged and Inverse Exchange-Traded Funds

Chairman Schapiro Statement on Executive Compensation

SEC Charges New York-Based Investment Adviser for Stealing Client Funds

SEC Charges Operators of $80 Million Ponzi Scheme Targeting Korean-Americans

SEC Charges Evergreen for Overvaluing Holdings in Mortgage-Backed Securities and Making Selective Disclosures to Investors

SEC Charges Former Countrywide Executives With Fraud

SEC Office of the Chief Accountant Releases Staff Accounting Bulletin

SEC Approves Rule Establishing an Interim Pilot Program on Margin Requirements for Transactions in Credit Default Swaps

SEC Finalizes ARS Settlements With Bank of America, RBC, and Deutsche Bank

SEC Announces Creation of Investor Advisory Committee

FINRA Requests Comment on Proposed FINRA Rule Addressing the Origination and Circulation of Rumors

SEC Announces $78 Million Fair Fund Distribution to Harmed Investors in AIM Mutual Funds

SEC Charges 10 Brokers with Fraud for Disguising Risks of Investing in Mortgage- Backed Securities

FINRA Reminds Firms of Their Obligation to Provide Accurate Information in Disseminating, or Using Services to Disseminate, Indications of Interest

SEC Halts Foreign Exchange Offering Fraud by College Professor and Houston-Based Lawyer

SEC Takes Steps to Strengthen Existing Rules Governing Securities Trading by Personnel

SEC, DOL Accepting Requests to Participate in Joint Hearing Examining Target Date Funds

SEC Obtains Asset Freeze Of Wisconsin-Based Investment Adviser Charged in Kickback Scheme

SEC Charges Florida Trader for Issuing Fake Press Release to Manipulate Stock Price

SEC Charges Eight Participants in Penny Stock Manipulation Ring

Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update

SEC Votes to Propose Rule Amendments to Facilitate Rights of Shareholders to Nominate Directors

SEC Approves New FINRA Rule 5122 Relating to Private Placements of Securities Issued by a Member Firm or a Control Entity

SEC Announces $843 Million Fair Fund Distribution to Harmed AIG Investors

SEC to Hold Public Seminar on New Interactive Data Reporting Requirements

SEC Charges Monster Worldwide Inc. for Backdating Scheme

Proposed Consolidated FINRA Rules Governing Suitability and Know-Your- Customer Obligations

SEC Announces First Distribution From $267 Million Bear Stearns Fair Fund

SEC Brings Emergency Charges Involving Fraudulent Securities Sold on Craigslist

SEC Approves Amendments Expanding the Definition of "TRACE-Eligible Security"

SEC Proposes Rule Amendments to Strengthen Safeguards of Investor Funds Controlled by Investment Advisers

SEC Approval of Proposed Changes to Forms U4 and U5 and FINRA Rule 8312 (FINRA BrokerCheck Disclosure)

SEC Charges Los Angeles-Based "Finder" in Kickback Scheme Involving N.Y. Pension Fund

SEC, DOL to Hold Joint Hearing Examining Target Date Funds

Michael Lauer to Pay More Than $62 Million in Hedge Fund Fraud Case

SEC Charges Investment Adviser for Proxy Voting Rule Violations



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NEW AND IMPROVED SECURITIES LAW FORUMS! Every day the discussions continue in the Securities Law Forums, where attorneys, investors, brokers, journalists and others with an interest in the markets, and the laws surrounding the markets, discuss hot topics of the day. View the active topic list, or go directly to the forums.


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tionwide representation of hedge funds, hedge fund managers and investors.

Featured Books:

The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund -

The Hedge Fund Compliance and Risk Management Guide- From Wiley Finance, according to Amazon, "The Hedge Fund Compliance and Risk Management Guide provides you with a broad examination of the most important compliance and risk management issues associated with today’s hedge funds. Straightforward and accessible, this invaluable resource covers everything from how hedge funds continue to generate lucrative returns to why some use sophisticated instruments and financial engineering to get around fundamental regulatory laws." Read the entire review here.

US Regulation of Hedge Funds - From the American Bar Association, an analysis of the federal securities laws and rules applicable to the organization, capitalization and operations of private U.S. domestic investment partnerships that invest and trade mainly in the public securities markets.

Hedge Fund Course - A self-study course that reviews the technical and quantitative knowledge necessary to properly manage a hedge fund

Investment Adviser Regulation: A Step-by-Step Guide to Compliance and The Law

Hedge Fund Disclosure Documents Line by Line: A User's Guide to Private Placement Memoranda for Funds Formed as Limited Liability Companies

Featured Articles

Registration and Regulation of Investment Advisers - an overview of the requirements and procedures for registration of investment advisers and hedge fund managers.

Commentary

Schwab Says It's Going On Offense - As If It Weren’t Already
Schwab Chairman Chuck Schwab told institutional investors at a regular business update in San Francisco today that the company is preparing to go on the offense to gain market share -both in terms of winning client assets and recruiting breakaway brokers.

SEC eyes whether BofA broke law on Merrill bonuses
Failure to disclose a material event is securities fraud….

Feeder Fund Manager Charged with Madoff Fraud
The manager of a Madoff feeder fund has been charged with civil fraud by the New York Attorney General's office for steering 2.4 billion dollars to Madoff.

Information and Lists

Top 25 Highest-Earning Hedge Fund Managers
From Institutional Investor, the April 2009 list of the top earning hedge fund managers.

News Items

Supreme Court Might Side With Investors on Fees
After years of the court system siding with the mutual fund industry on the discrepancy between retail and institutional mutual fund fees, the case that the Supreme Court will hear this fall might be a watershed one for investors.


Past Articles and Commentary
Every month The Securities Law Home Page brings together commentary and updates from securities law practitioners and regulators. Past articles are collected here in chronological order, or simply search for the topic you are interested in.


 

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Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article. SECLaw.com was created by and is sponsored by Mark J. Astarita, Esq., a securities attorney and partner in the law firm of Beam & Astarita, LLC, who represents financial professionals in a wide variety of matters. Mr. Astarita can be contacted by email at astarita@beamlaw.com.

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