October 3, 2012

SEC Brings Fraud Charges Against Hedge Fund Managers

The SEC brought administrative actions against two hedge fund managers for mishandling their investors’ money. The SEC alleges that Hausmann-Alain Banet and his firm Lion Capital Management, located in San Francisco, stole more than $500.000 from a retired schoolteacher.  She had thought she was safely investing her retirement savings in…

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October 2, 2012

SEC Holds Roundtable on Market Technology

The SEC held a market technology roundtable that addressed the relationship between the operational stability and integrity of the securities markets and the ways that market participants design, implement, and manage complex and interconnected trading technologies.  The roundtable focused on the prevention of errors, including discussion about current best practices…

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