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From Kirsten Bischoff, Opalesque New York:

It is widely expected the SEC investigations across the financial markets and including hedge funds will continue to rise. Law firms have issued warnings to financial clients, such as the one sent by Sadis & Goldberg in August which read, "The SEC appears determined to issue more subpoenas and give people more incentives to cooperate with investigations as it works to enhance its oversight of the financial markets," (Opalesque Exclusive: SEC investigations expected to rise as regulatory removes internal approval hurdles to allows staff to be more aggressive)

"There is going to be an onslaught of regulatory investigations - that is just the world we live in," Neil Levy, CPA and manager, Financial Institutions Risk Group, at New York-based Compass Benefit Planning, LLC. Levy, who hosted a free webinar on Wednesday to answer questions from current and potential hedge fund industry clients about insurance options (recording available here: Source), says that hedge fund managers he speaks with regarding coverage are equally concerned about the threat of regulation as they are the threat of litigation from private parties (which in the p......................

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