ALERT – 2014 SEC Exams Coming for Many RIAs!

SEC to take ‘swipe’ at RIAs that have never been examined Compliance chief Bowden says no game of ‘gotcha;’ but lapse prevention By Trevor Hunnicutt   |  October 31, 2013 – 7:25 pm EST – Registered investment advisers who haven’t seen much of their regulator may get a knock on the door in 2014. The Securities […]

Steve Cohen Charged by SEC

Jul 22, 2013 – Jing Chen   The U.S. Securities and Exchange Commission has charged SAC Capital Advisors’ Steve Cohen with failing to prevent insider trading at his firm. The SEC alleged in a statement last week that Cohen “ignored the red flags” from SAC portfolio managers Mathew Martoma and Michael Steinberg to execute […]

Senior SEC Enforcement Official Says Private Equity Enforcement Actions to Increase

Private Equity Enforcement Concerns by Bruce Karpati Chief, SEC Enforcement Division’s Asset Management Unit U.S. Securities and Exchange Commission Private Equity International Conference New York, N.Y. January 23, 2013 Thank you to Private Equity International for having me here today. I am grateful for the opportunity to speak about our work in the private equity […]

SEC’s Enforcement Program Continues to Show Strong Results in Safeguarding Investors and Markets

Last Two Years Reflect Two Highest Numbers of Total Actions Brought by SEC FOR IMMEDIATE RELEASE 2012-227 Washington, D.C., Nov. 14, 2012 — Building on last year’s record results, the Securities and Exchange Commission today announced that it filed 734 enforcement actions in the fiscal year that ended Sept. 30, 2012, one shy of last year’s […]

SEC Announces Exams Targeting Newly Registered Hedge and Private Equity Funds

October 3, 2012 – Regulatory Compliance Association In October, the SEC shall launch a new Examination Strategy, targeting Advisers of Hedge and Private Equity Funds who registered in response to Dodd Frank. The SEC plans to dispatch “Regulatory Expectation” letters to the Advisers of these Hedge and Private Equity Funds, outlining the new Examination approach, […]

SEC Bans Unlicensed Placement Agent from the Industry

This is a very important development for the alternative asset industry.  Historically many have viewed placement activity for private investment funds as a “grey” area of regulation.  This action by the SEC should be viewed as a lightning rod for our industry to clarify that raising capital for alternative asset funds for a commission requires […]

Connecticut Sanctions Hedge Funds for Failing to File Regulation D Notices

SEC Pursuing Negligence Charges In Enforcement Cases, GRC Panel Warns

by Julie DiMauro on May 9, 2012 – At the Thomson Reuters Governance Risk and Compliance Forum in Boston on Monday, experts discussed SEC regulation and enforcement trends, emphasizing the SEC’s new practice of basing enforcement cases on charges of negligence, and its significance to firms and their executives. The SEC has begun a […]

SEC Hires 130 Examiners As Hedge Registration Deadline Looms

Mar 19 2012 | 11:05am ET – The Securities and Exchange Commission is putting more feet on the ground as it seeks to crack down on illegal trading and live up to its new mandate to oversee hedge funds. The regulator has hired 130 examiners for its Office of Compliance Inspections and Examinations over […]

SEC Releases Risk Alert on Unauthorized Trading

FOR IMMEDIATE RELEASE 2012-33 Washington, D.C., Feb. 27, 2012 – The Securities and Exchange Commission today released an alert to help firms prevent and detect unauthorized trading in brokerage and advisory accounts. The Risk Alert issued by the agency’s Office of Compliance Inspections and Examinations (OCIE) notes that although broker-dealers and investment advisers are subject […]