Volcker Rule Approved

Dec 10 2013 | 3:05pm ET – FINalternatives.com Six years after the financial crisis began and more than three since it was mandated by Congress, U.S. regulators have approved the Volcker rule, barring banks from proprietary trading and strictly limiting their alternative investment activities. The Commodity Futures Trading Commission, Federal Deposit Insurance Corp., Federal Reserve […]

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 […]

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 – Investmentnews.com Registered investment advisers who haven’t seen much of their regulator may get a knock on the door in 2014. The Securities […]

Hedge Funds Focus More Time, Personnel On Compliance

Oct 28 2013 | 1:22pm ET – FINalternative.com Hedge fund chief compliance officers are dedicating up to 50% more time to legal compliance and regulatory matters, according to a new mini-poll from Deutsche Bank Markets Prime Finance In July 2013, DB surveyed 44 European and US hedge fund managers representing nearly $325 billion in assets […]

Steve Cohen Charged by SEC

Jul 22, 2013 – evestment.com 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 […]

SEC To Vote On Hedge Fund Advertising Rules

Jul 5 2013 | 9:43am ET – FINalternatives.com The Securities and Exchange Commission is set to end an 80-year-old ban on hedge fund advertising next week. The regulator will vote on a much-delayed proposal to allow solicitation for private offerings, including hedge funds, on Wednesday. It is all but certain to be approved, with the […]

White Said To Favor Quick Action On Hedge Fund Advertising

Apr 29 2013 | 3:15pm ET – FINalternatives.com The Securities and Exchange Commission’s new chairman seems more eager to pass new rules allowing hedge funds to advertise than either of her predecessors. While the regulator has received more than 200 comment letters about the proposal to end the 80-year-old ban on hedge fund marketing, Mary […]

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 […]

Former Prosecutor Likely Next SEC Chief

Jan 22 2013 | 12:56pm ET – FINalternatives.com In picking a new head for the Securities and Exchange Commission, President Barack Obama appears poised to break new ground. The president, who was inaugurated for his second term in office yesterday, is set to name Mary Jo White chairman of the SEC. White would be the […]

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 […]