Tag: SEC

Lack of Clarity: The US Securities And Exchange Commission Hints That...

New SEC Framework Signals the SEC is Open to Recognizing that Tokens Are Not Securities, But Does Little to Advance Clarity On Wednesday, April 3,...

Costs Associated with Starting a Hedge Fund

General Costs Typically, a hedge fund startup costs are around $55,000 to $ 110,000. These costs include the investment incurred on branding, website development,...

Hedge Fund Industry Today – Part 1

Today, the Alternative industry and special the Hedge Fund industry has come a long way from what it was in the 1950s when it...

Hedge Funds: Constant Vetting Required

by Timothy Mohr, Principal & National Financial Services Advisory leader, BDO Consulting The hedge fund industry is undergoing a period of immense and rapid change....

Regulation Systems Compliance and Integrity

In March 2013, the Securities and Exchange Commission (SEC) proposed new rules designed to strengthen the technology infrastructure of certain participants in U.S. securities...

Holistic Medicine for Hedge Funds

A December 2013 survey polled hedge-fund managers as to which regulators posed the greatest challenge for compliance dollar costs and difficulty in satisfying the...

‘Bad Actor’ Granted Hedge Fund Waiver – For Now

America’s second largest bank was suspended from trading in hedge funds last summer by the Securities and Exchange Commission (SEC) as part of a...

Cherry-Picking Season for Hedge Funds

In the wake of increased hedge fund and private-equity fund registration as mandated by the Dodd-Frank Wall Street Reform Act, the Securities and Exchange...

Lead Auditors Must Rotate – Or Pay Fine

The Public Company Accounting Oversight Board (PCAOB) — a non-profit corporation created by the Sarbanes-Oxley Act of 2002 — was established to oversee accounting...

Keeping Custodians Clean

One of the salient regulatory rules to emerge from the Dodd-Frank Wall Street Reform Act was the “custody rule” mandating that an investment adviser...

“Marking The Close” – A Prohibited Practice

“Marking The Close” is a technique of purchasing a security at the very end of the trading day — often within minutes of the...

Six Agencies Approve Final Risk Retention Rule

Six federal agencies have approved the final rule requiring sponsors of securitization transactions to retain risk in those transactions. The rule is an implementation...

Broken Engagement? SEC uses data against advisers

Much hype has surrounded the outreach efforts of the Securities and Exchange Commission (SEC) to “engage” the private fund industry. The campaign supposedly is...

Guide to Research on Hedge Funds: Part 5: The Differences between...

Sometimes people use the terms hedge funds and mutual funds interchangeably, which is incorrect as they have some marked differences between them.  First, let’s...

“Accredited Investor” Test Under Review

In 2012, the U.S. Congress passed the Jumpstart Our Business Startups Act (JOBS Act) that enhanced the ability of startup entrepreneurs and those growing...

SEC Fines Former Hedge Fund Manager $358 Million

  A former hedge fund manager has been ordered to pay more than $358 million in a Securities and Exchange Commission (SEC) lawsuit that charged...

SEC: Penny Stock Gatekeeper Violations

The Securities and Exchange Commission (SEC) has announced an enforcement action against an online brokerage for allegedly having violated their “gatekeeper” obligations by engaging...

MSRB Confabs with SEC and FINRA

The Municipal Securities Rulemaking Board (MSRB) is a congressionally chartered regulatory organization governed by a 21-member board of directors and is subject to oversight...

SEC Weighs New Asset Management Rules

The Securities and Exchange Commission (SEC) is considering new rules for oversight and stress testing of the asset management industry. In response to concerns...

SEC Charges Reg Cap Violations

America’s second largest bank has been charged with violating federal securities laws based on alleged overstatement of regulatory capital. The Securities and Exchange Commission...

Largest Ever SEC Whistleblower case

The Dodd-Frank Wall Street Reform Act of 2010 (Dodd-Frank) empowered the Securities and Exchange Commission (SEC) to extend monetary awards to whistleblowers who provide...

Guide to research on Hedge Funds: Part 1 Introduction

]What Are Hedge Funds and Why They Are So Popular? A hedge fund is simply a fund that enables the investor to generate a healthy...

SEC Probes Hedge Fund Research Firm

Did a Washington securities research firm illegally obtain information about an imminent government health care policy change? Did hedge funds knowingly trade on such...

SEC Charges Minneapolis Hedge Funds with Fraud

The Securities and Exchange Commission (SEC) has charged a Minneapolis hedge fund manager, his investment advisory firm and an employee with multiple counts of...

Family Office Hedge Funds

On March 31, 2012, rules governing family office hedge funds were radically changed. The Dodd-Frank Wall Street Reform Act mandated that many family office...