Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
The SEC chairman said investigations will go beyond the banks and include the brokerages that sold the investments.
Goldman Sachs, Morgan Stanley and Lehman Bros. had their earnings estimates slashed by Sanford C. Bernstein & Co.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
The firm saw net income slip to $49.6 million from $55.8 million in the year-ago period.
The cost of doing business increased to a 26-year high while housing starts crumbled to a 17-year low.
Confidence among global institutional investors declined this month, led by a steep drop among North American investors.
Under IRC Section 108, certain exceptions allow a taxpayer to exclude COD income from gross income.
Many of the country's largest companies expect corporate charitable giving to remain flat or decrease this year.
Fifty-eight percent of RIAs expected the S&P 500 to gain ground, compared with 46% who felt that way in January.
