Blue River Partners Provides a Comprehensive Solution as Cybersecurity Continues to Threaten the Investment Management Industry

DALLAS (October 5, 2016) – Recent headlines continue to shed light on the growing worldwide cybersecurity crisis. We have witnessed enormous, real-life cybersecurity breaches in every major industry, including banking, media, technology, transportation, government, and financial services. The alternative asset management industry is no different, with new reports of cyber hacks occurring on almost a […]

Fed Gives Banks Until 2017 To Sell Hedge Fund Stakes

Dec 23 2014 | 8:06am ET – FINalternatives.com Call it a Christmas present: the Federal Reserve has given banks an extra two years to divest themselves of hedge fund, private equity and venture capital stakes in compliance with the so-called Volcker rule. That said, it’s not quite what the banks had asked for—they wanted an […]

SEC Launches ‘Sweep’ Of Alternative Mutual Funds

Aug 13 2014 | 11:16am ET – FINalternatives.com The Securities and Exchange Commission is casting a skeptical eye on one of the fastest-growing trends in alternative investments: hedge-fund like mutual funds. The regulator has begun a “sweep” of the alternative mutual fund industry, The Wall Street Journal reports. For now, the SEC’s mission is information-gathering, […]

SEC Plans Sweep Of Alternative Mutual Funds

Jul 9 2014 | 6:23am ET – FINalternatives.com The Securities and Exchange Commission is set to turn its wary eye on so-called alternative mutual funds. The regulator plans to begin a set of examinations of such funds, known as a sweep, later this summer or in the fall, the head of its investment management division, […]

First SEC Action re Retaliation Against a Dodd-Frank Whistleblower

The SEC has brought its first action against an investment adviser for retaliating against a Dodd-Frank whistleblower. http://www.sec.gov/litigation/admin/2014/34-72393.pdf

SEC Enforcement to Target Individuals at Firm

SEC Chair Mary Jo White, in a recent speech to a group of white collar criminal attorneys, stressed the importance of prosecuting individuals. She said that a corporation acts through individuals and that “if an enforcement program is to have a strong deterrent effect, it is critical that responsible individuals be charged.” Ms. White cited […]

Private Fund Salesperson Pays $22 Million for Failing to Register

An unlicensed salesperson agreed to pay over $22 Million in disgorgement, penalties, and interest to settle charges that he sold interests in a private fund without registering as a broker-dealer or becoming associated with a broker-dealer. The SEC asserts that the defendant “met with prospective investors in person, spoke with them on the telephone, or […]

SEC Targets Alt. Mutual Funds

SEC Targets Alt. Mutual Funds Apr 23, 2014 – evestment.comJing Chen The Securities and Exchange Commission is coming for alternative mutual funds. Bloomberg Businessweek reported that the U.S. regulator is planning to test around 25 alternative mutual funds that utilize riskier hedge fund strategies over the next several months to make sure they comply with […]

SEC Finds PE Funds Overcharging Portfolio Firms

Apr 14 2014 | 11:06am ET – FINalternatives.com The U.S. Securities and Exchange Commission examined 400 private equity firms and found that more than half inflated the fees and expenses charged to portfolio companies. Citing a person “with knowledge of the SEC’s findings,”Bloomberg reported that while some of the problems seem to represent mistakes, some […]

NASAA Issues Report on Exam Findings of State Registered Advisers

NASAA Reports Similarities in Deficiencies Among Existing and Switching Investment Advisers Download: 2013 IA Examination Report (pdf) WASHINGTON, D.C. (October 7, 2013) – State securities regulators report little difference in the type or frequency of deficiencies between existing state investment and those advisers who switched from federal to state oversight as a result of the Dodd-Frank […]