In a recent warning that feels a bit like déjà vu for those following the financial markets, the UK’s Financial Conduct Authority (FCA) has spotlighted a new clone firm scandal….
The Securities and Exchange Commission (SEC) has instituted cease-and-desist proceedings against Contrarian Capital Management, L.L.C. (“Contrarian”) for violating Rule 105 of Regulation M under the Securities Exchange Act of 1934….