Friday, 26 December 2014
Last updated 2 days ago
Oct 4 2012 | 11:28am ET
The Securities and Exchange Commission has sued a husband-and-wife team, accusing them of ripping off investors in their hedge fund.
Norman Goldstein and the appropriately-named Laurie Gatherum took at least $147,000 more than they were entitled to through excessive fees and capital withdrawals. While the Chicago couple's GEI Financial Services returned $3.6 million to investors after losing their state license last year due to a number of violations, they still owe the rest, the SEC said.
"For years, the defendants have demonstrated a complete disregard toward the securities laws, their clients and the state of Illinois," the regulator said in its complaint. "They long ago abandoned their fiduciary responsibilities towards their clients."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.