Hedge Fund News From HedgeCo.Net


Dodd-Frank Wall Street Reform To Focus On Hedge Funds

SEC Chairwoman Mary SchapiroNew York (HedgeCo.Net) – Reuters is reporting that because of the Dodd-Frank Wall Street Reform and Consumer Protection Act the SEC is putting together a team specifically to investigate private equity and hedge funds.

The Dodd-Frank Act contains more than 90 provisions that require SEC rulemaking, and dozens of other provisions that give the SEC discretionary rulemaking authority. “To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ‘‘too big to fail’’, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.” The SEC says.

“The examiners will look at areas including how private equity and hedge funds value their assets, disclose their fees, and communicate with investors.” Reuters said, “The agency has responded by adding more specialist examiners, covering areas ranging from financial markets to derivatives, and coordinating among examiners nationally.

“The SEC’s new private fund unit is co-chaired by Igor Rozenblit and Marc Wyatt, the sources said. Rozenblit joined the asset management unit of the SEC’s enforcement division in 2010 and is a former private equity professional. Wyatt is a hedge fund veteran who joined the SEC in 2012 as a private funds examiner.” Reuters said.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Hedge Fund Regulation, HedgeCo News. Bookmark the permalink.

One Response to Dodd-Frank Wall Street Reform To Focus On Hedge Funds

  1. Andrew says:

    Interesting developments. SEC has come up with new regulations after the Dodd frank reforms and has increased its vigilance on almost all financial institutes . There are increased examinations on private equity and hedge funds which require them to be well prepared prior to the commissions audit which will certainly help in avoiding penalties by the enforcement division. I work for McGladrey and there’s a whitepaper on our website that offers useful information on the above topic @ http://bit.ly/1bEjpzs

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>