Former Capula CCO alleges misconduct and retaliation at the hedge fund firm

Whistle

The former U.S. chief compliance officer of hedge fund firm Capula Investment Management has blown the whistle against his former employer, alleging he was terminated for raising concerns about improper expensing practices.

Igor Abramov, who had worked at Capula, a $32 billion firm based in London, as CCO and head of legal since 2012, claims his firing was retaliation against him for repeatedly “raising concerns about significant regulatory compliance issues,” according to the lawsuit, filed in U.S. District Court for the Southern District of New York on Nov. 3.

“Management, officers, and principals of Capula attempted to restrict and impede Mr. Abramov’s compliance officer duties, including his ability to ensure regulatory compliance and protection of investor funds, such as in the areas of fund management, fund administration, and trading,” the suit alleges.

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