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Category Archives: Hedge Fund Regulation

SEC To Crack Down On The $76 Billion Alternative Mutual Fund Market

New York (HedgeCo.Net) – Securities and Exchange Commissioner Luis Aguilar yesterday stated that the commission is having a closer look at the alternative mutual fund market, which grew from about $76 billion in assets at the end of 2009 to over $311 […]

SEC Wants Broker-Dealers To Join The National Securities Association

New York (HedgeCo.Net) – Hedge fund law specialist Sadis & Goldberg reports that the United States Securities and Exchange Commission has announced a proposal to amend Rule 15b9-1 under the Exchange Act to require broker-dealers who trade in off-exchange venues […]

SEC: Confidentiality Agreements Cannot Stifle Whistleblowers

New York (HedgeCo.Net) – The Securities and Exchange Commission today announced its first enforcement action against a company for using restrictive language in confidentiality agreements with the potential to stifle the whistleblowing process. The SEC charged Houston-based global technology and […]

Industry Standards Board Wants Changes in Hedge Fund Disclosures

New York (HedgeCo.Net) The Hedge Fund Standards Board wants to improve the disclosures to investors regarding potential conflicts of interest. One proposal in particular would require managers to disclose any parallel funds if the proposal is adopted. Yet another proposal […]

Former Federal Reserve Governor Joins NY Hedge Fund

New York (HedgeCo.Net) – Former Federal Reserve governor Jeremy C. Stein has agreed to consult at $20 billion hedge fund BlueMountain Capital Management, the Wall Street Journal reports. Stein is also a Harvard economics professor. The WSJ says: “Hedge funds, […]

Rep. Mike McKell: Utah Is “A Hot Bed For Financial Fraud”

New York (HedgeCo.Net) – A White Collar Crime Registry has been included in the Utah Code of Criminal Procedure allowing the public to check up on traders, hedge fund managers, investment advisors and the like, the NYT reports. “Utah is […]

Connecticut Hedge Fund Controller Admits To Embezzling $9 Million

New York (HedgeCo.Net) – Lawrence Herzing, the the former controller of hedge fund Contrarian Capital Management has pleaded guilty to one count of wire fraud stemming from his theft of more than $9 million from Contrarian, Reuters reports. Contrarian Capital […]

Hedge Fund People: Norm Champ To Leave SEC

New York (HedgeCo.Net) – The SEC director that oversaw the adoption of the Volcker Rule, will be leaving the commission after a 5 year run, the SEC announced. Norm Champ, Director of the Division of Investment Management, played a key role […]

Bank Of America Dumps Hedge Funds

New York (HedgeCo.Net) -Bank of America’s shares fell 1.5% to $16.43 in trading yesterday after the bank severed ties with approximately 150 hedge funds in its prime brokerage group, The Street reported today. Bloomberg says: “The second-largest U.S. bank made the […]

F-Squared Settles ETF Case by Paying $35 Million

New York (HedgeCo.Net) – Investment management firm F-Squared Investments has agreed to pay $35 million and admit wrongdoing to settle charges that it defrauded investors through false performance advertising about its flagship product. The SEC separately charged the firm’s co-founder […]

Governor Cuomo Vetoes New Bill Expanding Pension Allotment To Hedge Funds

New York (HedgeCo.Net) – Andrew Cuomo, the Governor who banned fracking in NY state, de-criminalized the use of medical marijuana and signed same-sex marriage legislation into law, yesterday vetoed a bill that aimed to raise the amount of assets New […]

White: SEC To Focus On Asset Management Risks In 2015

New York (HedgeCo.Net) – SEC Chair Mary Jo White announced in a speech at The New York Times DealBook Opportunities for Tomorrow Conference, that she has chosen to focus on the regulation of funds and their advisers. “We are now embarking on […]

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