SEC Scrutinizing Due Diligence Processes at Advisers of Alternative Investment Funds

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations is reviewing compliance and supervisory practices at investment advisers of private pools of…

SEC Rulemaking under Dodd-Frank Begins with Interim Rule to Register Municipal Advisers

In its first rulemaking under the financial regulatory reform act, the Securities and Exchange Commission Sept. 2 announced that it has adopted a temporary rule to require…

Former IBM Executive Sentenced for Part in Large Hedge Fund Insider Trading Ring

A former International Business Machines Corp. senior executive was sentenced in the U.S. District Court for the Southern District of New York Sept. 13 to six months in prison after he confessed to…