Hedge Fund Enforcement Issues and Regulatory Developments 2007

With more than $1.6 trillion in assets under management and an ever increasing number of SEC enforcement actions, hedge funds are coming under increased regulatory and enforcement scrutiny. Over the last four years, the SEC has brought more than 100 enforcement actions involving hedge funds and regulators are now probing new areas such as the use of paid research consultants, valuation issues, side-by-side management and the relationship between hedge fund managers and their prime brokers.

Further, recent multi-million dollar insider trading cases have implicated hedge fund managers and are likely to have an impact on the industry going forward.

In addition, at its open meeting on July 11, 2007, the SEC approved one of two rule proposals aimed in part at hedge funds. The new rule is an antifraud rule that many in the hedge fund community believe is overly broad and there is concern that the new rule will significantly enhance the SEC's clout as concerns hedge funds. 

At this program, a panel of distinguished regulators, practitioners and in-house experts will examine current enforcement and compliance priorities.

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