The SEC alleges that the firm violated Regulation S-P while it recruited registered representatives.
London & Capital Investment Advisors Inc. of Miami, the U.S.-based unit of London & Capital PLC, today announced its plan to launch a range of alternative absolute return investment strategies.
The claim centers on investments in Collateralized Mortgage Obligations, or CMOs.
Purchases of existing homes in the Unites States slipped 0.2% in July, the fifth consecutive monthly decline, according to the National Association of Realtors.
S.A.C. Capital Advisors, the world's most expensive hedge fund manager, joined the majority of hedge funds that lost money in the first two weeks of August, posting a 6% drop in its multi-strategy fund, according to an investor.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
Major losses at prominent hedge funds are causing pension fund managers to second guess hedge fund investments.
A federal judge refused to allow investors to seize the assets of two hedge funds of Bear Stearns' for 10 days, but indicated he is considering lifting the funds' U.S. bankruptcy protections.
Regulators continue to leave independent- contractor broker-dealers in the lurch over the tricky issue of how brokers can use clients’ private information when moving accounts to a new firm.
