Dodd-Frank: More New Rules for Investment Advisers and Hedge Funds

The Securities and Exchange Commission now has new rules implementing core provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding investment advisers, including those that advise hedge funds.

The Securities and Exchange Commission has adopted rules that now require advisers to hedge funds and other private funds to register with the SEC, establish new exemptions from SEC registration and reporting requirements for certain advisers, and reallocate regulatory responsibility for advisers between the SEC and states. View More…

Insider Trading by Accountants, Attorneys and Other Professionals

Why do people, who should presumably know better than most i.e. accountants and attorneys, continue to engage in insider trading by misappropriating material non-public information from the companies they serve? In doing so, either through ignorance or pure greed (or both) they end up leaving a “paper trail” long enough for the SEC to follow right to their door and the doors of their family members and friends.

The SEC’s most recent case against a former Deloitte partner continues a long line of such cases. View More…