Jul. 2, 2015
Jul. 2, 2015
SEC Commissioner Calls for Increased Examination of Alternative Mutual Funds
In a recent speech, SEC Commissioner Kara M. Stein argued that alternative mutual funds operate in a “gray area” of mutual fund regulation and called for increased examination of those funds and their operation within the restrictions of the Investment Company Act of 1940. Using the 75th anniversary of the Investment Company Act as an occasion for her speech, Stein discussed the history of the regulatory framework for investment companies; argued that mutual funds and other registered companies have drifted from the principles of the Investment Company Act; and provided her thoughts on alternative mutual funds and retail investors. This article summarizes Stein’s statements. For additional insight from SEC officials, see “SEC Commissioner Speaks Out Against Trend Toward Strict Liability for Compliance Personnel,” Hedge Fund Law Report, Vol. 8, No. 25 (Jun. 25, 2015); and “Acting OCIE Director Discusses the Office’s Focus on Private Equity Managers and Emphasizes the Importance of Disclosure by Advisers,” Hedge Fund Law Report, Vol. 8, No. 21 (May 28, 2015).
Read full article …RCA Panel Highlights Conflicts of Interest Affecting Fund Managers
Dechert Global Alternative Funds Symposium Highlights Portfolio Management and Global Trends for Private Equity and Real Estate Funds
K&L Gates-IAA Panel Addresses Cyber Insurance Plans for Investment Advisers (Part Two of Two)
Jones Day Launches Luxembourg Fund Formation Practice in Paris with Arrival of Catherine Martougin
Most-Read Articles
-
Jan. 2, 2025
Five Steps Hedge Fund CCOs Should Take to Start 2025 Off Right -
Jan. 16, 2025
What Hedge Fund Managers May Expect From the SEC in 2025 -
Jan. 30, 2025
SEC Charges Hedge Fund Manager With MNPI Failures Related to Consultant -
Jan. 30, 2025
Key Benefits Offered by Hybrid Funds and Different Liquidity Mechanisms to Unlock Them (Part One of Two) -
Jan. 30, 2025
ACA Compliance Testing Survey: Electronic Communications Displace Marketing As Top Concern