Alexander Brokaw contributes to The Edge on a weekly basis with his posts on the latest frauds perpetrated in the financial industry. Favorites, favorites are no fun—especially when the SEC gets involved. The SEC’s enforcement division barred and filed charges against the former co-head of Rochdale Securities, Hal Tunick, and his subordinate Patrick Burke yesterday.

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Greetings, Once again we begin with the United States where the Fed has struck a decisively hawkish tone. The central bank made it clear that a December hike should not be discounted. If the October payrolls report is not terrible, the Fed is likely to raise rates – otherwise it risks losing credibility. Yellen is

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  Founders’ shares generally reduce management fees by up to 50 basis points, while incentive fees may be reduced by up to 5 percent. Founders’ shares are generally offered for a limited time for only early mover investors and are discontinued when a specific asset level or time threshold is passed. Founders’ Shares, and their

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