Thursday, 27 November 2014
Last updated 13 hours ago
Jun 7 2007 | 11:22am ET
Mark Conway, who duped investors out of some $20 million via his market-timing shop Groundswell Partners, was sentenced to seven years in prison last month, according to the Securities and Exchange Commission.
Last October, Conway pleaded guilty to 13 counts of mail and wire fraud in connection with a scheme in which he defrauded approximately 50 investors.
Conway’s seven-year stint in the big house is to be followed by three years of supervised release, a $1,300 special assessment fine and payment of restitution in the amount of $20 million.
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...