Hedge Fund Blogs From HedgeCo.Net


Wall Street’s Most Thankless Job – Compliance Officer

February 3, 2016 Dear Friends, This morning the Wall Street Journal published an article on ” The Most Thankless Job on Wall Street” – compliance officer. According to the article, recent enforcement actions that have found compliance officers personally liable are driving experienced people to be more cautious about the profession – compliance officers say they feel unfairly singled out. […]

Top 5 Reasons Managers Need a Research Management Software (RMS)

In today’s competitive market, research management software (RMS) has become a must-have integrated feature for investment management firms. Significant benefits offered via RMS have caused a ripple effect of soaring adoption rates across the global investment industry. In this article we’ll examine how adopting a research management solution could benefit your firm. Central Repository With offices, colleagues and clients spread […]

FINRA Suspends Rep for Failure to Disclose OBAs

Dear Friends, FINRA suspended a registered representative for failure to disclose outside business activities, resulting in a $15,000 fine and a six month suspension from association with any FINRA member. The representative failed to disclose that he was a director and officer of a publicly traded company and the existence of an outside securities account in his name. Additionally, the […]

Supreme Court to Hear Insider Trading Case

January 20, 2016 Dear Friends, The U.S. Supreme Court agreed to review a ruling of the U.S. Court of Appeals for the Ninth Circuit, which could clarify a key element of insider trading – what constitutes a personal benefit –  resolving a dispute between divided federal courts of appeals. Second Circuit Decision: In December 2014, the U.S. Court of Appeals […]

SEC 2016 Exam Priorities

January 11, 2016 Dear Friends, The SEC announced its examination priorities for 2016, as outlined below. Private Fund Advisers: The SEC’s examination of private fund advisers will focus on fees and expenses evaluating, among other things, the controls and disclosures associated with side-by-side management of performance-based and purely asset-based fee accounts. Never-Before-Examined Investment Advisers and Investment Companies: The SEC will […]

CFTC Settles Insider Trading Case

Dear Friends, For the first time, the CFTC settled an insider trading case pursuant to CFTC Regulation 180.1 (“Rule 180.1”), promulgated under The Dodd Frank Act, resulting in a lifetime trading ban for the trader, a civil monetary penalty of $100,000 and a restitution payment of over $200,000. Rule 180.1 enhances the CFTC’s ability to prosecute fraud in connection with […]

SEC Cybersecurity Hit List: 6 Items a Hedge Fund Better Have Covered

Earlier this week we presented at a Wells Fargo Prime Services breakfast briefing on cybersecurity. During the discussion, one panelist reminded attendees that the SEC has clearly defined (and communicated) its cybersecurity expectations. He recapped the following six areas advisers must have covered to demonstrate preparedness to regulators. 1. Risk Assessments 2. Governance 3. Training 4. Access Control 5. Vendor […]

Former SEC Commissioner on Third Party Exams

December 10, 2015 Dear Friends, Former SEC commissioner Troy Paredes recently urged investment advisers to express their opinions regarding a forthcoming SEC rule that would require third parties to conduct examinations, on behalf of the SEC. As SEC Chair White stated in April 2015, the SEC is “advancing rule makings….to require a program of third party examinations of investment advisers to […]

How to Sell the Cloud to Your Hedge Fund CFO

If you’re one of the seemingly few firms who has yet to make the move to private cloud computing, it could be for a variety of reasons. Perhaps you want to maintain total control of your IT environment. Or maybe you’re waiting for a tech refresh to motivate you. Alternatively, it could be that you just haven’t made the proper case […]

Four Smart Hedge Fund IT Resolutions for 2016

A new year is just around the corner so here is Eze Castle Integration’s list of the top 4 IT resolutions that will help keep your hedge fund safe and sound in 2016. If watching the two-minute video isn’t for you, here’s a recap of our four smart hedge fund IT resolutions. Resolution 1: Investigate the Cloud. Everything and everyone […]

10 Tech Holiday Travel Tips to Keep You and Your Data Safe

Traveling with electronic devices puts personal and critical business information at risk. As we embark on the busy holiday travel season, we decided to share some useful tips to help prevent your data and devices from falling into the wrong hands. Here are Eze Castle Integration’s top 10: Back up Your Data Before You Leave: Prior to traveling, back up […]

SEC Charges Political Intelligence Firm

November 25, 2015 Dear Friends, The SEC announced charges against a political intelligence firm for failure to establish, maintain and enforce written policies and procedures, reasonably designed to prevent the misuse of material non-public information (MNPI), resulting in a $375,000 penalty. The political intelligence firm, which has an affiliated state-registered investment adviser and registered broker-dealer, provided regulatory and policy updates […]

SEC Sanctions Investment Adviser for Improper Allocation of Expenses

November 23, 2015 Dear Friends, Today, the SEC issued an order against an investment adviser for improper allocation of expenses to its fund client (the “Fund”) and failure to adopt compliance policies and procedures, specific to Fund expense allocation, resulting in a $250,000 settlement. The SEC found that the firm negligently charged compliance, legal and operating expenses to the Fund. […]

Don’t Overlook These 3 Hedge Fund Technology Priorities

The following article is part of Eze Castle Integration’s Hedge Fund Insiders Article Series, which featured articles on a range of important topics. Today we look at technology (one of our favorite topics!). Technology was historically an afterthought for many hedge funds and a “check-the-box” item at that. Many firms took the approach that they could get away with the bare minimum […]

Firm Agrees to Pay $1 Million Settlement for Custody Rule Violations

November 19, 2015 Dear Friends, Today the SEC announced that an investment adviser and its former CCO have agreed to settle charges that it repeatedly violated the custody rule. The Firm agreed to pay a $1 million penalty, to be suspended for one year from raising any capital, and to have a compliance monitor for three years. The former CCO […]




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