By
Adrianne Appel2025-11-10T21:16:00
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.
2025-09-26T11:00:00Z By Alishia Farr, CW guest columnist
For me, being a compliance professional is not about checking boxes or reacting only when issues evolve, it’s about building and sustaining a culture. At its core, compliance is about honesty, courage, and standing firm in the moment, even when it’s uncomfortable or difficult.
2025-08-29T16:23:00Z By Neil Hodge
In September, the U.K. will enforce its third “failure to prevent” offense under sweeping anti-corporate crime laws, but experts question whether it will actually change corporate behavior or embolden whistleblowers.
2025-07-14T15:36:00Z By Ruth Prickett
Serious bullying and harassment count as misconduct in regulated financial services firms, per a July 1 clarification by the U.K. Financial Conduct Authority, which said non-financial misconduct rules now applied only to banks will extend to 37,000 more firms starting September 1, 2026.
2025-11-07T22:18:00Z By Adrianne Appel
First Trust Portfolios has been fined $10 million by FINRA for allegedly providing excessive meals, gifts, and other incentives to broker-dealers.
2025-11-06T19:01:00Z By Adrianne Appel
Four U.S. citizens were arrested in California Wednesday in connection with a massive, $346 million international credit card fraud scheme based in Germany, in which compliance officers were allegedly complicit, according to the DOJ.
2025-11-05T18:35:00Z By Oscar Gonzalez
Approximately $9 billion of potential shadow-banking flows tied to Iranian networks in 2024, according to a new analysis from FinCEN. The report highlights how illicit funds are making their way through financial institutions as they meet the requirements of the Bank Secrecy Act (BSA).
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