SEC Reveals Its 2014 Exam and Enforcement Priorities
Officials at the Securities and Exchange Commission have ushered in an era of more transparency, parting the curtain for advisory firms on what they’ll be scrutinizing as well as which rulemakings are priorities this year.
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.
Morgan Stanley Pays $3.3 Million in SEC Crackdown on Fee Arrangements
The SEC on Wednesday charged Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they weren’t actually receiving from a third party.