Friday, 28 November 2014
Last updated 1 hour ago
Sep 27 2011 | 12:25pm ET
A former fund of hedge funds executive has been barred from the financial services industry for her alleged role in a $4.7 million Ponzi scheme.
The Securities and Exchange Commission issued the ban against Janis Barzuk earlier this month. She was controller of West End Financial Advisors, whose CEO was arrested in January 2010, accused of using phony property deals to rip investors off.
According to the SEC, Barzuk—who was sued by the SEC in January alongside CEO William Landberg, chief operating officer Kevin Kramer and CFO Steven Gould—aided and abetted West End's fraud and that of affiliate Sentinel Investment Management. The four defendants are currently waiting for a proposed settlement to win the approval of the SEC and the courts.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...