Insider Trading Remains Popular Topic in Hedge Fund Regulation Insider trading by hedge funds and the use of expert networks has been a hot compliance topic in 2010 and 2011. The topic remains in the spotlight as Massachusetts recently passed new expert network regulations. Under the new regulations, registered investment advisers [...]

Futures Industry Association Annual Expo CFTC Chairman Gary Gensler today spoke at the Futures Industry Association’s annual expo in Chicago. While most of the Chairman’s speech  focused on the proposed regulation of the OTC derivatives markets, Chairman Gensler also discussed the recent SEC and CFTC Harmonization report. As you can [...]

Technology Solutions for Registered Hedge Fund Managers http://www.hedgefundlawblog.com It is the final quarter of this year’s political season and it has become clear that the earlier clamor for hedge fund registration has been overshadowed by larger political issues – namely health care legislation and the cap and trade bill.  Recent [...]

Embarrassed Agency Would Get Much Needed Funding “The SEC’s failure to catch Bernie Madoff shows a level of incompetence unseen since FEMA’s handling of Hurricane Katrina” — Charles Schumer To say that the SEC is or should be embarrassed about the Madoff scandal is an understatement (please see our most [...]

President Discusses Future Financial Regulations in Advance of G20 Earlier today President Obama gave a speech in New York discussing the administration’s future plan for greater regulation of the financial markets in the wake of the financial crisis of 2008/2009.  Speaking strongly the President said: So I want everybody here [...]

How to get an IA application approved quickly Occasionally we find the opportunity to comment on other blog posts from other legal professions within and outside of the investment management industry.  A legal blogger who I regularly follow is David Feldman from the Reverse Mergers & SPAC Blog.  David is [...]

Bart Mallon, Esq. http://www.hedgefundlawblog.com ****UPDATE 10/27/2009**** The House Financial Services Committee voted on October 27, 2009 to pass the Private Fund Investment Advisers Registration Act of 2009 as H.R. 3818 (full text of bill as passed – please note that it is different from the earlier version of the bill [...]

Bart Mallon, Esq. http://www.hedgefundlawblog.com Treasury Announces New “Private Fund Investment Advisers Registration Act of 2009” After much discussion in the press over the last 8 to 10 months abut the possibility for hedge fund registration, the Treasury today announced the Obama Administration’s bill which requires managers to “private funds” to [...]

Assistant Secretary Michael Barr Testifies Before House Committee Regarding President’s Proposal to Establish New Consumer Financial Protection Agency On July 8th, 2009, Assistant Secretary Michael Barr delivered a statement before the House Committee on Energy and Commerce regarding the Administration’s recent proposal to establish a new financial regulatory agency designated [...]

SEC Commissioner Aguilar Proposes Registration For Funds with as little as $25MM of AUM Just today I had an opportunity to review the transcript of a speech by SEC Commissioner Aguilar in which he advocates that funds with as little as $25MM of AUM should register with the SEC.  Such [...]