Friday, 25 July 2014
Last updated 17 hours ago
Jul 11 2012 | 12:29pm ET
Hedge fund SCO Capital Partners can't have the nearly $180 million it sought from Jefferies & Co. in a dispute over auction-rate securities.
SCO had accused Jefferies of negligence in selling it securities it deemed unsuitable. The hedge fund had asked a Financial Industry Regulatory Authority panel to force the bank to buy back the $18 million in ARS in question—and to force it to pay some $160 million in damages.
The FINRA arbitration panel did not explain its decision.
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…