The CFTC reports that it has simultaneously filed and settled charges against Cargill, alleging that the Minnesota-based agricultural, commodity, and financial services giant sent swaps counterparties and a swaps data repository (SDR) “inaccurate marks” that obscured “up to ninety percent of Cargill’s mark-up.” The settlement order means that Cargill, Inc. will pay a $10 Million… Read More >>
Employee-Owned Spinoffs Are an Option in Tough Markets
Employee-owned securities firms spun off from larger concerns are one solution when market conditions become challenging and staff members face layoffs. Such is the case for Black River Asset Management, which just experienced the spinoff of Argentem Creek Partners, an independent emerging market credit specialist focused on institutional investors that launched Dec. 30. The founders… Read More >>
