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SEC preps for hedge, private equity fund work
From Reuters/XE.com: The U.S. Securities and Exchange Commission is about to learn just how big the private fund industry really is. Then it will take on a new mission: Figuring out where the risks in the industry exist, something private fund advisers should take seriously.
Regulators plan to launch a series of exams that will cover 'a significant percentage' of private equity fund advisers who by March 31 must register with the agency for the first time, an SEC official said Tuesday at the agency's national seminar for investment adviser compliance professionals… Full article: Source
UK looks to bridge regulatory divide with U.S.
From FT.com: Americans and the British are said to be two peoples divided by a common language, and three recent enforcement cases involving financial groups that operate on both sides of the Atlantic have shown that the subtle, and sometimes surprising, differences extend to the way US and UK regulators and law enforcement seek to police their markets.
First David Einhorn, one of the US’s best-known hedge fund managers, and his firm Greenlight Capital, together paid £7.2m for trading ahead of a UK equity raising, even as he protested that he believed he had done nothing wrong… Full article (subscription required):...................... To view our full article Click here
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