August 12, 2014
The SEC has begun its sweep exams of alternative mutual funds.
As we mentioned in a previous alert, the SEC’s sweep will focus on a variety of areas including liquidity, leverage, and board oversight.
Please click here for a speech by Norm Champ, Director of the SEC’s Division of Investment Management, outlining the areas of focus. Please feel free to contact us with any questions at (212) 867-0200 or email us at firstname.lastname@example.org.