Jul 30 2010 | 12:40pm ET
Hedge fund billionaire Samuel Wyly and his brother and business partner, Charles, have been accused of running a $550 million fraud, replete with allegations of insider-trading and hiding assets.
According to the Securities and Exchange Commission lawsuit, filed yesterday in Manhattan, the Wylys set up an “elaborate sham system” of offshore companies and family offices to skirt disclosing their holdings in public companies on which they served as directors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…