SEC Chair White Identifies the SEC’s Top Concerns Arising Out of 2014 Examinations of Private Fund Managers and Alternative Mutual Funds

In testimony on March 24, 2015 before the House Committee on Financial Services, SEC Chair Mary Jo White discussed, among other topics, the SEC’s risk monitoring initiatives with respect to asset managers; potential SEC rulemaking on enhanced data reporting for funds and advisers; common deficiencies found in 2014 presence examinations of private fund managers; focus areas in 2014 examinations of alternative mutual funds; and top SEC concerns relating to cybersecurity at fund managers.  This article highlights the main points from White’s testimony on each of these topics.  See also “SEC’s Rozenblit and Law Firm Partners Explain the SEC’s Enforcement Priorities and Offer Tips on How Hedge Fund and Private Equity Managers Can Avoid Enforcement Actions (Part Three of Four),” Hedge Fund Law Report, Vol. 8, No. 2 (Jan. 15, 2015).

To read the full article

Continue reading your article with a HFLR subscription.