Halls of Justice

A court filing in Manhattan federal court has revealed that a junior trader at Visium Asset Management secretly recorded more than 125 conversations, or some 200 hours of material, with former colleagues at the $8 billion hedge fund firm.

As private debt strategies heat up in the U.S. and Europe, Chinese banking regulators moved aggressively on Wednesday to curb the country's exploding peer-to-peer lending sector, warning that nearly half of the 4,000-odd online lending platforms are "problematic."

Reuters is reporting Kerrisdale Capital’s Sahm Adrangi was arrested on suspicion of impaired driving after an accident in the Hamptons over the weekend.

U.S. authorities have accused a San Francisco hedge fund manager with fraud for allegedly misrepresenting the amount of money the firm had under management and misappropriating investor capital.

Two months after she lost a constitutional challenge to the SEC's use of administrative proceedings, the saga surrounding Lynn Tilton's Zohar CLO funds continued in Delaware court on Wednesday as the Patriarch Partners founder testified about the level of disclosure provided to the funds' collateral manager.

Embattled hedge fund manager Platinum Partners has hired former Southern District division chief and Madoff receiver Bart Schwartz of Guidepost Solutions as an independent monitor to oversee the liquidation of its two main hedge funds, as investigations by U.S. authorities continue.

The SEC is reportedly looking into whether Elon Musk's Tesla Motors should have told investors about a fatal May 2016 crash of a Model S electric car that was operating on the firm's much-heralded autopilot system.

Former Park Hill Group managing director Andrew Caspersen has pled guilty to charges that he defrauded investors out of over $38 million in order to feed a gambling addiction he could not control.

The FBI's New York office is working "about 50" suspected insider trading schemes, around 30 of which have not yet been publicly disclosed, the agency said last week in the latest indication that investigators have resumed their focus on insider trading despite the infamous 2014 Newman ruling.

A former accountant for Swiss multi-asset hedge fund manager Gottex Fund Management has been accused of stealing more than $3.3 million from the firm between April 2011 and November of last year.