CFTC Orders Former Hedge Fund Portfolio Manager to Pay More Than $700,000 in Monetary Sanctions for Fraudulently Mismarking Swaps
July 18, 2019
July 18, 2019
WASHINGTON, July 18 -- The Commodity Futures Trading Commission issued the following enforcement news release:
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Swapnil Rege, a former portfolio manager for a Connecticut-based hedge fund registered with the CFTC as a commodity pool operator (CPO), for fraudulently mismarking swap valuations to artificially inflate the profits of his employer's trading book in order to obtain an . . .
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Swapnil Rege, a former portfolio manager for a Connecticut-based hedge fund registered with the CFTC as a commodity pool operator (CPO), for fraudulently mismarking swap valuations to artificially inflate the profits of his employer's trading book in order to obtain an . . .