Fri, Jul 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Trends in SEC investigations of private fund managers

Monday, May 13, 2013

amb
Stephen J. Crimmins
Benedicte Gravrand, Opalesque Geneva:

There are more investigations coming from the Securities and Exchange Commission, according to Stephen Crimmins, Washington and New York-based partner at K&L Gates LLP, an international law firm.

"The world of SEC regulations of the investment management space generally changed pretty dramatically around the beginning of 2009," he said during a webinar held on May 2nd, "when the SEC had a new Chairman Mary Shapiro, who retained a new enforcement director, Robert Khuzami. [The agency was] reeling from the scandals and various other difficulties, and announced there would be a major shake up of the enforcement program and that they would have five new specialised units. This all seemed like a good idea, and it was a good idea."

At the beginning of 2010, the SEC announced a new Market Abuse unit to deal with market manipulations and insider trading, a new Products Unit to deal with financial crisis and other matters, a CPA Unit, and a Securities and Public Pensions Unit.

"But what really knocked us off our chairs was that the fifth specialised unit was the new Asset Management Unit, dedicated......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag