Investors in Infinity Q Capital Management’s (Infinity Q) funds filed a proposed class action against the firm last week after the fund’s founder was charged with securities fraud and obstruction of justice for allegedly...more
The U.S. House Committee on Financial Services (Committee) met last Wednesday to discuss the rapidly growing cryptocurrency market exchange and the regulatory landscape that currently governs it.
Executives from six major...more
On Tuesday, March 2, 2021, New York State Attorney General Letitia James and New York City Corporation Counsel James E. Johnson released a statement announcing their recovery of a $105 million settlement from a hedge fund...more
3/8/2021
/ Attorney's Fees ,
Deferred Compensation ,
False Claims Act (FCA) ,
Hedge Funds ,
New York ,
Penalties ,
Qui Tam ,
Shell Corporations ,
State Attorneys General ,
Tax Evasion ,
Third-Party ,
Whistleblowers
As financial services firms increasingly turn to artificial intelligence (AI), banking regulators warn that despite their astonishing capabilities, these tools must be relied upon with caution.
Last week, the Board of...more
The risk of becoming infected with COVID-19 while incarcerated is significant and widely documented in the U.S. On Thursday, the Federal Bureau of Prisons reported that 4,718 federal inmates and 2,049 bureau staff members...more