Saturday, 27 December 2014
Last updated 3 days ago
Jun 3 2009 | 3:31am ET
Would-be hedge fund fraudsters and Ponzi schemers beware: Wall Street has a new top regulatory cop.
The Securities and Exchange Commission yesterday named George Canellos, a former federal prosecutor, to head its New York enforcement office. Among Canellos’ responsibilities will be overseeing the hedge fund industry in New York and New Jersey.
“I’m confident that he will help the commission provide rigorous oversight of Wall Street and advance our efforts to restore investor confidence,” SEC Chairman Mary Schapiro said.
Canellos joins the SEC from law firm Millbank Tweed Hadley & McCloy, where he is a partner in the litigation group. Before returning to the private sector, Canellos spent eight years in the U.S. Attorney’s Office in Manhattan, where he worked with newly-minted SEC enforcement chief Robert Khuzami.
As a federal prosecutor in New York, Canellos led the major crimes unit and was senior trial counsel for its securities and commodities fraud task force.
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.