SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
October 26, 2004
Legal Analysis Highlights Need for Clarity in SEC's Hedge Fund RuleNEW YORK (HedgeWorld.com)--Attorneys with the American Bar Association and officials at the Managed Funds Association have challenged key provisions of the SEC's proposal to regulate the hedge fund industry and have argued that some of the proposed rules would actually contradict the SEC's own current interpretation of existing regulations. "The...
October 26, 2004
A Compliance Guide to the Investment Advisers Act of 1940Part III: The Registered Investment Adviser's Relationship with Its Clients This article is the third in a series I have designed to give guidance to managers of hedge funds for complying with regulations proposed by the Securities and Exchange Commission. If the proposed regulations are adopted, they will require the...
October 08, 2004
RS Investments Settles With RegulatorsOct. 6, 2005 -- RS Investment Management LP will pay $25 million to settle Securities and Exchange Commission charges that the company permitted rapid-fire trading...
September 30, 2004
The SEC One Year After The Canary ScandalThis September marks the one-year anniversary of the settlement of late trading and market timing charges against hedge fund manager Canary Capital Partners.That case, first ...
September 27, 2004
Anti-Farallon Student Coalition Submits HF Comments to SECNEW HAVEN, Conn. (HedgeWorld.com)--The campus-based coalition that has demanded hedge fund Farallon Capital Management LLC provide greater disclosure of its investments filed a comment letter with the Securities and Exchange Commission urging registration of hedge fund managers as investment advisers. The group, which calls itself the Unfarallon coalition, submitted the...
September 21, 2004
SEC May Sue AIGThe U.S. Securities and Exchange Commission has warned American International Group Inc. and a subsidiary that it may sue the firms in connection with ...
September 20, 2004
SEC: Put Information Disposal Rules In WritingThe U.S. Securities and Exchange Commission wants investment advisors and other companies it regulates to put their procedures for disposing of personal consumer report ...
September 17, 2004
Comment Period Ends: Leaving Something from EverybodyWASHINGTON (HedgeWorld.com)--Despite calls for extension, the Securities and Exchange Commission has let the clock run out on the comment period for its proposed rule requiring most hedge funds to register as investment advisers. A comment from the National Futures Association proposed that any final SEC rule exclude from its coverage...
September 10, 2004
Parent of Thomas Weisel Asset Management Settles SEC ChargesSAN FRANCISCO (HedgeWorld.com)--Thomas Weisel Partners LLC, a brokerage firm and investment bank, concluded a settlement with the Securities and Exchange Commission resolving charges that relate to the inappropriate influence allegedly exerted by its investment bankers upon its research analysts. The SEC's complaint alleged that Thomas Weisel Partners analysts participated in...
September 10, 2004
Renaissance Favors Selectively Extending SEC's Financial Statement DeadlineNEW YORK (HedgeWorld.com)--Multibillion-dollar hedge fund firm Renaissance Technologies Corp. officially joined the ranks of those criticizing one particular aspect of the Securities and Exchange Commission proposal to require that hedge fund managers register as investment advisers. In a Sept. 7 letter to the SEC, Renaissance Vice President Mark Silber wrote...