Thursday, 25 December 2014
Last updated 22 hours ago
Jul 24 2009 | 11:48am ET
The National Futures Association has taken an emergency enforcement action against Raleigh Capital Management, and its principal, Richmond Hamilton. The agency said the action was deemed necessary to protect the commodity futures markets, investors and NFA members because RCM and Hamilton.
The NFA said Hamilton has provided information regarding his ability to honor redemption requests from investors in the Raleigh Fund that contradicts information provided to NFA by the investors in the fund. Hamilton has also allegedly taken money from the fund, characterized as loans, but has failed to pay back the loans.
Additionally, it appears that the fund bought real estate property from Hamilton without providing investors with a full disclosure of the transactions.
Effective immediately, RCM and Hamilton are prohibited from soliciting or accepting any investors and are prohibited from trading on behalf of any investors or pools. Additionally, RCM and Hamilton are prohibited from disbursing or transferring any funds from any accounts in the name of RCM or pools it operates without prior approval from NFA.
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.