Hedge Fund Administrator Completes SAS 70 Type II (Press Release)
GlobeOp Successfully Completes SAS 70 Type II Examination for Second Consecutive Year
LONDON, UK; NEW YORK, NY, USA – 4 December 2008 – GlobeOp Financial Services (“GlobeOp®”, LSE:GO.) today announced that, for the second consecutive year, it has successfully completed a SAS 70 Type II examination of specified middle-, back-office and fund administration controls by accounting [...]
Open Letter to CEOs of SEC-Registered Firms (SEC Release)
Open Letter to CEOs of SEC-Registered Firms
December 2, 2008
Dear CEO of SEC-Registered Firm:
During this time of financial and market turmoil, the Office of Compliance Inspections and Examinations of the Securities and Exchange Commission reminds leaders of SEC-registered firms, including broker-dealers, investment advisers, investment companies and transfer agents, of the critical role played by your firm’s [...]
SEC Staff Reminds CEOs Of Registered Firms of Importance of Compliance Programs (SEC Release)
SEC Staff Reminds CEOs Of Registered Firms of Importance of Compliance Programs
FOR IMMEDIATE RELEASE
2008-283
Washington, D.C., Dec. 2, 2008 — The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations today issued an open letter to chief executives of SEC-registered firms, including broker-dealers, investment advisers, investment companies and transfer agents, to remind them of the [...]
Hedge Fund Accounting Firm Named Tops in 2008 (Press Release)
Rothstein Kass Rated Top Accounting Firm in 2008 Hedge Fund Service Providers Survey by Alpha Magazine
NEW YORK, Dec 01, 2008 /PRNewswire via COMTEX/ — CPA firm Rothstein Kass rated first among accounting firms in the 2008 Alpha Awards(TM), an annual ranking of hedge fund service providers sponsored by Institutional Investor’s Alpha Magazine. Results were based [...]
Hedge Funds Regulation - Survey Indicates More Regulation Expected
The following is a press release from Rothstein Kass.
HEDGE FUND MANAGERS ANTICIPATE INCREASED REGULATION UNDER NEW PRESIDENTIAL ADMINISTRATION ACCORDING TO NEW SURVEY FROM CPA FIRM ROTHSTEIN KASS
Majority of Senior Partners at U.S. Firms Expect Rising Compliance Costs Will Make Hedge Funds More Costly to Operate
Congress to examine Hedge Fund AML Requirements Next Year
In an article yesterday we discussed the withdrawal of proposed rules which would require hedge funds to implement anti-money laundering compliance programs (see Hedge Funds and AML Requirements). Yesterday Senator Carl Levin, a democrat from Michigan, released a statement condemning the withdrawal of proposed hedge fund AML rule by the Treasury. Senator Levin statement said, [...]
NFA Suspends Commodity Hedge Fund Firm
The NFA suspended the membership of SNC Investments, a firm which ran commodity hedge funds and commodity managed accounts. The original post can be found here.
For Immediate Release
For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org
NFA takes emergency enforcement action against SNC Investments, Inc. and its principal, Peter Son
October 31, Chicago - [...]
Investment Advisor and Investment Advisor Representative IARD System Fee Waiver
The SEC and NASAA have waived two separate charges for Investment Advisors for the 2009 calendar year. The first charge being waived is a systems charge for the Investment Advisor to access the IARD system. This fee used to be $30. The second charge is the fee to access the IARD system for each investment [...]
Offshore Hedge Fund Law Firms
Generally speaking offshore hedge funds utilize both domestic and offshore law firms when launching the hedge fund. In a recent survey offshore hedge fund law firms were ranked, please see press release below.
Walkers named Top Offshore Law Firm in 2008 Alpha Awards
28-Oct-2008
Underlining its reputation as the offshore law firm of choice in the hedge fund [...]
Prime Brokerage Survey Results
The following is a press release regarding the results from a prime brokerage survey.
Alpha Magazine Survey Ranks Merlin Securities as the #1 Prime Broker for Small Hedge Funds in 2008
Merlin Securities Receives Top Honors for Second Year Running
SAN FRANCISCO, Oct 28, 2008 — Merlin Securities, a leading prime brokerage services and technology provider for hedge [...]