There is concern over allegations that certain hedge funds may have been using their dual roles as investors and bankers in a way that allowed them to misuse otherwise nonpublic information in their trading activity. Regulators now hope that their concerns can be addressed in one of two ways: further regulation by the Securities and Exchange Commission or self-regulation by the hedge fund industry.
This week’s New Jersey Legal Update podcast will discuss the Employee Retirement Income Security Act (ERISA) of 1974. This podcast will give a brief summary of the act, and how ERISA can impact hedge funds.
Stark & Stark’s Securities group, authored Operational Risk Management for the October issue of The Active Manager, the bimonthly journal of the National Association of Active Investment Managers.
The article discusses the SEC‘s operational risk assessment audit that subjects adviser’s to inquiries about their risk assessment documentation, including the inventory of compliance risks, minutes from risk committee meetings, and standard operating procedure.
You can read the article here.
Stark & Stark’s Investment Adviser Regulation group is pleased to announce that the latest Investment Adviser Compliance Update has been published and is available for download. The Summer 2006 edition covers topics including, Risk Assessment, States Impose Compliance Manual Requirements and the NASD’s Exam Priorities/Frequent Violations release.
Brian Carlis, a Shareholder in the Securities Practice group, was quoted in the N.J. Insurer Claims Hedge Fund Meddled With Stock Price Moves in the October 2, 2006 New Jersey Law Journal.
This week’s New Jersey Legal Update podcast will discuss business succession planning for investment advisors and other financial professionals.
Brian Carlis recently commented on the question “What do you do when you receive a class-action lawsuit letter?” for the “Ask the Biz Brain” column in the Star Ledger.
This week’s New Jersey Legal Update podcast will discuss the issue of hedge fund marketing. This podcast will address the how to sell interest in hedge funds while still adhering to the rules and regulations set forth by the SEC.
You can download the New Jersey Legal Update Podcast # 42 here. (6 MB)
Technorati Tags: New Jersey : Podcast : Hedge Funds
the Chairman of the Securities and Exchange Commission (“SEC”) has recently commented that hedge funds “should not be, and will not be unregulated.”
As recently reported in The Wall Street Journal, a provision in the pension bill moving through Congress would allow hedge funds to manage appreciably more pension-fund money.
