It was the sale of his company that led Kenneth Akeson to set up a business designed to help individuals and families of substantial wealth to manage their lives better when it came to things like bill paying and administration.
The federal government is stepping up its scrutiny of real estate deals in a crackdown on tax cheating, according to the Canada Revenue Agency. The enhanced enforcement is focused on the Greater Toronto and Greater Vancouver real estate markets, where speculative activity appeared to be on the rise.
Below is a summary of a recent development that may be of interest from our Technology, Media & Telecommunications (TMT) practice Group. Our TMT, Regulatory and Securities Litigation Groups have been working closely with our Hedge Fund Group in counseling hedge fund managers with respect to the complex regulatory, compliance and contractual issues raised by their data aggregation, web scraping and other data science methods and practices (both internally developed and externally sourced). For years, craigslist has aggressively used technological and legal methods to prevent unauthorized parties from scraping, linking to, or accessing user postings for their own commercial purposes....
Morgan Stanley's chief compliance officer Billy Fenrich is leaving the firm just over a year after being named to the position. Fenrich will be replaced by Raul Yanes, according to an internal Morgan Stanley memo reviewed by Reuters, which was confirmed by a firm spokesman. Fenrich is joining quantitative hedge fund AQR Capital Management as its chief legal officer, according to an AQR spokeswoman.
Women have a long way to go on Wall Street, and nowhere is this more true than in the hedge fund industry, where only 15% of CEOs are women. While women often hold marketing and compliance roles, they are rare in investing positions, which usually pay the most. There are a lot of reasons for the gap, among them biases, cliquey hiring, and weaker professional networks. Last year, I spoke with female investors about what it is like working in the industry. We're republishing their stories in honor of International Women's Day on March 8. Some spoke of annoying biases —...
A recent case found that a private equity firm was liable for its portfolio company’s antitrust violations. This client alert explains that private equity firms, when selecting potential investments, need to carry out thorough due diligence of the competition risks that the investments could expose them to. Ensuring that the investment has a competition compliance programme in place is one way to minimise the risk.
<p>Oil prices rose more than 1 percent on Friday after the International Energy Agency (IEA) reported record initial compliance by Opec members implementing last year's landmark deal to curb output in an effort to prop up global oil prices.</p>
The Securities and Exchange Commission recently announced its Office of Compliance Inspections and Examinations’ 2017 examination priorities. Public pension advisers will be in the crosshairs, the agency stated. That’s great news for public pension stakeholders, such as government workers who depend upon these plans for their retirement security and taxpayers who also contribute to them.
<p>Last year was an exciting one in the Alternative Investment industry. Here are 5 predictions that will dominate the industry this year:</p> <p>Regulatory & compliance pressures will continue to increase (even with the new administration of President Trump).</p> <p>Fund Administrators will continue to consolidate, and will become bigger forces in Private Equity & Real Estate, as well as with Family Offices.</p>
<p>The SEC’s Office of Compliance Inspection and Examinations (OCIE) said areas of focus will be electronic investment advice, also known as robo-advice; the financial exploitation of older investors; and money market funds.</p> <p>“These priorities make clear we are continuing to focus on a wide range of issues impacting our markets, from traditional areas such as market-wide risks to new forms of technology including automated investment advice,” said SEC chair Mary Jo White. </p>