At the recent Sidley Austin Private Funds 2020 conference, a panel of attorneys discussed recent regulatory and enforcement matters relevant to private fund managers, including CFTC and SEC regulatory amendments and initiatives; potential enforcement activity concerning manufactured credit events and short selling; and private litigation involving alternative investment managers. The program featured Sidley partners Laurin Blumenthal Kleiman, Kate L. Lashley, Benjamin R. Nagin and Nader H. Salehi. This article reviews the key takeaways from the presentation. For more from Sidley attorneys, see “The Global Whistleblowing Legal Landscape and Best Practices in the U.S. and U.K.” (Mar. 12, 2020); and our two-part series “How Funds Are Achieving Performance Compensation Equilibrium”: Considerations on Hurdles, Benchmarks, High Water Marks and Clawbacks (Jan. 9, 2020); and Designated Investments, “1 or 30” Structures, Caps and First Loss Arrangements (Jan. 16, 2020).