New York’s attorney general filed suit against RD Legal, accusing the hedge fund of “scamming” 9/11 compensation beneficiaries and NFL concussion victims.
Institutional investors have flocked to private trading venues to protect sensitive information, but new legal actions highlight the need for more regulation.
The twin onslaught of Basel III and U.S. money market reform is pushing CFOs, treasurers and cash investors to find new vehicles to park liquid assets.