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SEC Obtains Temporary Restraining Order and Asset Freeze Against Massachusetts-Based Purported Hedge Fund Manager

The Securities and Exchange Commission today announced it has charged Andrey C. Hicks of Boston, Mass., and Locust Offshore Management, LLC, his investment advisory firm, with misleading prospective investors about their supposed quantitative hedge fund and diverting investor money to the money manager’s personal bank account. The SEC also announced that Judge Richard Stearns of […]

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U.S. Attorney Charges Massachusetts-Based Purported Hedge Fund Manager with Fraud

The Securities and Exchange Commission today announced that the U.S. Attorney for the District of Massachusetts has charged Andrey C. Hicks of Boston, Mass., in a criminal complaint unsealed on Friday, October 28, 2011. Hicks was charged with committing wire fraud, attempting to commit wire fraud, and aiding and abetting wire fraud, in violation of […]

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MF pushed back against regulation that may have saved the firm

Months before MF Global teetered on the brink, federal regulators were seeking to rein in the types of risky trades that contributed to the firm’s collapse. But they faced opposition from an influential opponent: Jon S. Corzine, the head of the then little-known brokerage firm. As a former United States senator and a former governor […]

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Morgan Keegan sale update

Buyout firms circling Regions Morgan Keegan brokerage unit lowered bids by at least $200 million after financing markets deteriorated and MF Global Holdings Ltd. filed for bankruptcy, according to people with direct knowledge of the process. Thomas H. Lee Partners LP and Jeffrey Greenberg’s Aquiline Capital Partners LLC submitted the highest offer at about $750 million, […]

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MF Global Senior Notes

Investors who purchased MF Global 6.250% Senior Notes due 2016 offered for sale in August of 2011 may wish to seek counsel to understand more about their potential rights.   The note offering consisted of $325 million in aggregate principal amount of 6.250% Senior Notes due 2016. Jefferies served as the sole book-running manager for the offering, with BofA […]

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