Jul 27 2009 | 12:48pm ET
NIR Group’s legal troubles may be going from bad to much, much worse.
The Long Island hedge fund and its manager, Corey Ribotsky, are the subject of a criminal probe to determine if they misled investors about returns, The Wall Street Journal reports. The news comes in the wake of a second lawsuit filed against NIR accusing it of lying about its performance.
The story of the criminal probe reportedly comes from a disgruntled former employee of the Roslyn, N.Y.-based hedge fund.
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…