{"id":43995,"date":"2014-09-12T07:35:01","date_gmt":"2014-09-12T11:35:01","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43995"},"modified":"2014-09-12T07:35:01","modified_gmt":"2014-09-12T11:35:01","slug":"sec-tightens-regulatory-oversight-for-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2014\/sec-tightens-regulatory-oversight-for-hedge-funds.html","title":{"rendered":"SEC Tightens Regulatory Oversight For Hedge Funds"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/03\/download.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-34612\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/03\/download.jpg\" alt=\"\" width=\"333\" height=\"226\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/03\/download.jpg 470w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/03\/download-300x203.jpg 300w\" sizes=\"auto, (max-width: 333px) 100vw, 333px\" \/><\/a>New York (HedgeCo.Net) &#8211; The Securities and Exchange Commission is creating a new office within the Division of Economic and Risk Analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range of SEC activities.<\/p>\n<p>Since its creation in 2009, DERA has collaborated with market experts throughout the SEC to develop risk assessment tools. One example, the Aberrational Performance Inquiry, launched in 2009 to proactively identify atypical hedge fund performance, led to eight enforcement actions and is one of the tools used by the Division of Enforcement to assess private funds.<\/p>\n<p>Similarly, DERA developed a broker-dealer risk assessment tool that helps SEC examiners allocate resources by assessing a broker-dealer\u2019s comparative riskiness relative to its peer group. It also is working closely with the Enforcement Division\u2019s Financial Reporting and Audit Task Force and the Division of Corporation Finance on developing a tool to assist in identifying financial reporting irregularities that may indicate financial fraud and help assess corporate issuer risk.<\/p>\n<p>\u201cThe Office of Risk Assessment will build on the existing expertise of DERA\u2019s staff, which includes economists, accountants, analysts, and attorneys, to provide sophisticated assessments of market risks. The establishment of this new office reflects the Commission\u2019s ongoing focus on deploying data-driven analytics to assist in routing scarce resources to areas of the greatest risks to the market,\u201d said DERA Deputy Director Scott W. Bauguess, who oversees the division\u2019s risk assessment activities.<\/p>\n<p>Initial staffing of the new Office of Risk Assessment will be drawn from across DERA and the division will seek a new assistant director to head the office. The office will continue to develop and use predictive analytics to support supervisory, surveillance, and investigative programs involving corporate issuers, broker-dealers, investment advisers, exchanges, and trading platforms. In addition, the office will support the SEC\u2019s ongoing work related to the Financial Stability Oversight Council.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; The Securities and Exchange Commission is creating a new office within the Division of Economic and Risk Analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-43995","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43995"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43995\/revisions"}],"predecessor-version":[{"id":43996,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43995\/revisions\/43996"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}