SEC Hedge Fund Enforcement Chief May Join Pru

Mar 5 2013 | 10:11am ET

The Securities and Exchange Commission’s top hedge fund cop may become the latest official at the regulator to head for the doors.

Bruce Karpati, who leads the SEC enforcement division’s asset-management unit, is in talks with Prudential Financial, The Wall Street Journal reports. Karpati would serve as chief compliance officer of the insurance giant’s mutual fund business.

Karpati could join Pru as soon as next month. He would join former SEC Chairman Mary Schapiro and former enforcement chief Robert Khuzami among recent top SEC exits.

Karpati has led the asset-management enforcement unit for three years; since the summer, he has led it on his own, following the departure of co-chief Robert Kaplan.

Karpati, a lawyer, worked at law firm Dechert in Washington, D.C., before joining the SEC.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...