Articles By Topic
By Topic: Regulatory Overhaul
From Vol. 9 No.36 (Sep. 15, 2016)
Former SEC Asset Management Unit Co-Chief Describes the Agency’s Focus on Conflicts of Interests and Increased Efforts to Crack Down on Private Fund Managers
Julie M. Riewe, a partner at Debevoise & Plimpton and the former Co-Chief of the Asset Management Unit of the SEC’s Division of Enforcement, spoke with The Hedge Fund Law Report about the SEC’s recent enforcement efforts. The discussion centered on the SEC’s focus on conflicts of interest, including its targeting of horizontal allocations between funds and use of analytics to identify the improper cherry-picking of trade allocations. Riewe also explained the SEC’s decision to increase its personnel dedicated to uncovering violations of private fund managers. Riewe will be speaking at the Tenth Annual Hedge Fund General Counsel and Compliance Officer Summit, hosted by Corporate Counsel and ALM, in New York City on September 28-29. Click here for more information and to register for the Summit, using the HFLR’s promotional code available in this article for a discount of $200 off the registration price. For additional insight from Riewe, see “Current and Former SEC, DOJ and NY State Attorney General Practitioners Discuss Regulatory and Enforcement Priorities” (Jan. 14, 2016); and “SEC Settlement Highlights Circumstances in Which Hedge Fund Managers Must Disclose Conflicts of Interest” (Apr. 23, 2015). For more on conflicts of interest, see “Proper Use of Advisory Committees by Private Fund Managers May Mitigate Conflicts of Interest” (Dec. 17, 2015); and “Appropriately Crafted Disclosure of Conflicts of Interest Can Mitigate the Likelihood of an Enforcement Action Against an Investment Adviser” (Oct. 15, 2015).Read Full Article …
From Vol. 1 No.6 (Apr. 7, 2008)
- Paulson’s blueprint merely a starting point for discussion; no action expected in election year.
- Initial reaction: blueprint’s impact on hedge funds likely to be minimal - nevertheless, hedge fund managers urged to study blueprint.
- Blueprint’s proposed merger of SEC and CFTC, adopting CFTC’s regulatory philosophy, could benefit hedge funds.
- Proposed Conduct of Business Regulatory Agency could have responsibility for chartering hedge funds.
From Vol. 1 No.5 (Mar. 31, 2008)
- Treasury Secretary Henry Paulson calls for greater transparency and higher scrutiny of securities firms participating in discounted lending program.
- House Democrats to introduce bill designating unified agency to administer new primary dealer loan program and provide added oversight.
- House Republicans seek support for massive overhaul of the financial industry regulatory regime, potentially including a single oversight agency.
- Bill in Canadian Parliament (S-211) would replace local securities regulators with a federal securities regulator and a new federal securities law.