Hedge Fund Blogs From HedgeCo.Net


Category Archives: compliance

New SEC and FINRA Updates

FrontLine Compliance reports that the SEC and FINRA have both been active over the past few months issuing new final rules and interpretive guidance on recent rule changes. For example, the following recent regulatory announcements will affect your firm’s procedures SEC Rule 15b1-6 for Broker-Dealers FINRA Rule 5123 FINRA Guidance on Rule 2111 FINRA Rule 2210 All of the new […]

FinCEN Issues Notice and Request for Nominations to the Bank Secrecy Act Advisory Group (BSAAG)

FinCEN in inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group (BSAAG). New members will be selected for 3-year membership terms. Nominations must be received by February 15, 2013. More information is available on FinCEN’s Web site at the following link: http://www.fincen.gov/statutes_regs/frn/pdf/Fed_Reg_Notice_re_BSAAG_Applications_S.pdf .

Advise Technologies recommends 10 Form PF tips learned from the first round of filers

While 2012 may go down in the books as the year of Form PF, it does not mark the end of Form PF — in fact, it’s only the beginning. In the next phase of the rule, advisers that manage at least $150 million RAUM in private funds will need to file either 60 or 120 days after year-end, depending […]

How to Steer Clear of Unprincipled Advisors and Fraudsters

Guest Post by: By Neil Behrmann Be very careful if you recently retired or came into money and you’re looking for a safe investment. You could be a very attractive target for a crook. Once your money is gone, it can be impossible to get it back. Mass Market Fraud Mass Market Fraud is a type of fraud which aims to […]

Hedge Fund Compliance: Adviser SRO Begins To Take Shape

The Investment Adviser Oversight Act of 2012 (HR 4624) was introduced yesterday in Congress, according to FrontLine Compliance. The bill provides for the formation of a registered national investment adviser association which would serve as an advisory industry SRO. In summary, the bill calls for the following: The creation of an advisory industry SRO with full rule-making and examination authority […]

Proposed FINRA Rule 5123: Enhanced Investor Protection or Unnecessary Regulatory Burden?

Originally proposed on October 5, 2011, FINRA Rule 5123 (the “Rule”) would, if adopted, significantly increase the regulatory burden on certain issuers, such as private funds, and FINRA members involved in the private placement of securities such as third party marketers, placement agents, solicitors and finders and may encourage issuers to rely on the services of unregistered intermediaries to facilitate […]

FLAIA Legislative Update | House Bill 1417

The Florida Senate has approved the Ring / Oliva Bill, which increases the Florida State Board of Administration’s cap on alternative investments from 10% to 20%.  Specifically, the House Bill 1417 now goes to Governor Rick Scott for his approval and signature. The Senate approved without any debate a proposal that will double the amount of money the State Board of Administration, […]

Hedge Fund Managers Beware the New Ides of March

This guest blog entry was submitted to us by McGladrey & Pullen financial services Once again the onus has been put on the financial community to be the eyes, ears and to a lesser extent an enforcement arm for various governmental agencies with respect to foreign investment by US persons and entities. Faced with the prospect that the previously announced  mandatory […]

Hedge Fund Cloud Security: Let’s Get Physical (and Virtual Too)

The transition to cloud computing services is at a high in the hedge fund industry and will continue to increase throughout 2012 and beyond.  Efficiencies, scalability and cost-savings are three of the most commonly listed benefits of moving to the cloud, while concerns around security remain one of the biggest perceived risks. The reality is that cloud security is a […]

Hedge Fund Compliance: SEC Private Fund Registration Deadline

Private fund adviser registration is here, meaning a whole new world of compliance risk has become a reality. Successful registration means more than just filling out a form and the March 2012 deadline is fast approaching. Remember, in order to be registered by the deadline, you must file by February. If you haven’t already taken the steps necessary to protect your […]