Browsing: Compliance

Hedge Fund Settles Washington DC Insider Trading Case

05/14/2018
Last week hedge fund, Visium Asset Management agreed to pay more than $10 million to settle SEC insider trading charges that it had traded drug company stocks based on inside ...
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Notes from London: The Impact of MiFID II Is Concerning

05/03/2018
Following a trip to London last week, the feedback we received from all market participants was that MiFID II was likely to have a larger than expected impact on the ...
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Political Intelligence Consultant on Trial for Providing Insider Tips

04/23/2018
Over the past few weeks, David Blaszczak, a former U.S. government employee who has developed a reputation for providing “political intelligence” to hedge funds has been on trial for passing ...
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European Boutiques Ask For Exemption From MiFID II Rules

04/20/2018
Arguing that “the current market for research under MiFID II is not functioning effectively,” the trade organization representing European independent research providers is requesting that European regulators exclude independents from ...
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Web Crawling Protected By First Amendment

04/13/2018
A recent ruling by a Washington DC District Court argues that web crawling is protected by the First Amendment, in an extension of a recent US Supreme Court decision. The ...
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New Alternative Data Standard-Setting Body Begins Soliciting Feedback On PII Practices

04/09/2018
The Investment Data Standards Organization (IDSO), a non-profit comprised of producers, distributors and users of alternative data, is starting member review of draft standards for Personally Identifiable Information (PII) with ...
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Death of the Equity Salesperson: MiFID II ‘Nails Coffin Shut’

04/06/2018
One MiFID II consequence which has not been broadly discussed is how the new research unbundling rules are gutting the traditional equity sales role.  Gone are the days of calling ...
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Research Funding Update: Fidelity International Sets Large Research Budget While AQR Eats Research Costs Globally

04/04/2018
In their 2018 guidance, many of the larger publicly traded asset managers indicated that research costs under MiFID II would not be material, but we calculate that Fidelity International will ...
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MiFID II Complicates Payments to US Brokers

03/29/2018
The following is a guest article by Melissa Umans, US Director of Business Development for Commcise Software Limited, a provider of commission management software.  Paying US-based broker-dealers for research is not ...
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MiFID II Will Cut Research Payments By $2 Billion According To Oliver Wyman/Morgan Stanley

03/28/2018
MiFID II research unbundling will reduce research payments by $2 billion by 2019 representing 10% of global cash equities, according to a report from consulting firm Oliver Wyman and Morgan ...
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