Election 2016: Wall Street’s Political Contributions Risk Running Afoul Of Federal Laws

June 11 2015 | Owen Davis – International Business Times Election 2016: Wall Street’s Political Contributions Risk Running Afoul Of Federal Laws Every campaign season, hedge funds and private equity firms spend vast sums to influence political contests. If 2016 keeps pace with previous electoral cycles, the two finance sectors will pump more than $200 […]

SEC May Start Monitoring Hedge Funds’ Social Media Activity

June 17, 2015 | Michelle Jones – ValueWalk SEC May Start Monitoring Hedge Funds’ Social Media Activity As social media rises in popularity, much of Wall Street, including Hedge Funds and registered investment advisors (RIAs), is turning to Twitter Inc (NYSE:TWTR), Facebook Inc (NASDAQ:FB) and other social networks to share information. Unfortunately most people view […]

Little investors falling prey to shady small-time operators

April 26, 2015 | John Aidan Byrne – NYPost.com Little investors falling prey to shady small-time operators Average Joes are finding big trouble in little pools. The smaller investors looking to land big hedge-fund and private-equity returns are falling prey to small-time operators, according to an industry study. While the bulk of asset managers are […]

SEC To Focus On Liquid Alts In 2015

Jan 21 2015 | 8:39am ET – FINalternatives.com SEC To Focus On Liquid Alts In 2015 The U.S. Securities and Exchange Commission will be taking a close look at liquid alternatives products in 2015. The SEC’s Office of Compliance and Inspections and Examinations pledged to examine the raft of new financial products aimed at retail […]

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, […]

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 […]

New SEC Examination Initiative

Regulatory Compliance Association – February 21, 2014 On February 19th, the SEC announced that OCIE launched an initiative targeting “never-examined” Fund Managers & RIAs. The thrust of this Initiative is to “examine a “significant percentage” of Advisers”, which have eluded a comprehensive inspection since their registration. These detailed examinations will include a complete inspection of […]

Hedge Fund Firms Spend Significant Costs on Compliance

KPMG, together with the Alternative Investment Management Association and the Managed Funds Association, conducted a survey of global hedge fund managers, which reports that firms spend more than 7% percent of their total operating costs and over 10 basis points (as a percentage of AUM) on compliance. Small firms (less than $250 Million in AUM) […]