Top SEC Officials Discuss Hedge Fund Compliance, Examination and Enforcement Priorities at 2014 Compliance Outreach Program National Seminar (Part One of Three)

On January 30, the SEC hosted the 2014 version of its annual Compliance Outreach Program National Seminar for senior professionals at hedge fund managers and other investment advisers.  Panelists at the seminar included senior SEC officials and CCOs from hedge and private equity fund managers.  The seminar provided first-person insight into the concerns of regulators with direct jurisdiction over hedge fund managers, and also highlighted private sector best practices.  This is the first article in a three-part series summarizing the more noteworthy points made at the seminar.  This article covers SEC Chairman Mary Jo White’s opening remarks, then details the compliance, examination and enforcement priorities outlined by the heads of the relevant SEC divisions.  See also “SEC Provides Recommendations for Establishing an Effective Risk Management Program for Hedge Fund Managers at Its Compliance Outreach Program National Seminar,” Hedge Fund Law Report, Vol. 5, No. 14 (Apr. 5, 2012); “Trading Practices Session at SEC’s Compliance Outreach Program National Seminar Addresses Need for Holistic Compliance Procedures Dealing with Allocations, Best Execution and Cross Trades,” Hedge Fund Law Report, Vol. 5, No. 8 (Feb. 23, 2012).

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