Advisor One – Bruce Karpati, head of the SEC’s Asset Management Unit, housed within the agency’s Enforcement Division, told compliance officers Tuesday that overseeing hedge funds’ compliance will continue to be a priority for the agency next year.
Speaking at the Regulatory Compliance Association’s conference in New York, Karpati said that from 2010 to present, the SEC’s Enforcement Division has brought more than 100 cases against hedge fund managers, “a significant majority of which involved conflicts of interest, valuation, performance, and compliance and controls.”
