SEC Names Asset Management Enforcement Co-Chiefs, Legislative Director
Julie Riewe, Marshall Sprung to jointly run unit in enforcement division, while Timothy Henseler will direct Office of Legislative and Intergovernmental Affairs.
SEC Targeting 4 Hedge Fund Developments in 2013
Bruce Karpati, head of the SEC’s Asset Management Unit, housed within the agency’s Enforcement Division, told compliance officers that overseeing hedge funds’ compliance will continue to be a priority for the agency next year.
The Case of the Aspirational AUM: SEC Says RIA Inflated AUM Tenfold
A New York-based firm inflated its AUM to qualify for SEC registration—literally moving decimals on a spreadsheet—while a San Francisco-based firm dithered for 18 months in delivering mutual fund records to the SEC.
NASCAR-Related Index Fund Shut Down After SEC Scrutiny
The SEC's Asset Management Unit charged David Dube and his firm, Peak Wealth Opportunities, on Friday with failing to provide examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks.
SEC Charges Falcone, Harbinger Capital With Fraud
The charges "read like the final exam in a graduate school course in how to operate a hedge fund unlawfully," the agency says.
Exclusive: Biggest SEC Enforcement Effort Is Advisor Misconduct
In exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.
SEC Charges N.Y. Fund Manager in Fraudulent LP Deal
The SEC announced Friday that it brought charges against a New York-based fund manager and his two firms for luring investors into a trading program that would “purportedly maximize their profits but instead spent their money in unauthorized ways.”
SEC Settles Charges With AXA Rosenberg and TD Ameritrade
Separate matters result in payments of $242 million from AXA Rosenberg and $10 million from TD Ameritrade, much of that going to investors.