Wednesday, 1 October 2014
Last updated 14 hours ago
Apr 18 2013 | 12:53pm ET
The Securities and Exchange Commission is still wrestling with a proposed rule that will allow hedge funds to advertise, one of its members said yesterday.
Elisse Walter, who served as interim chairman of the regulator prior to Mary Jo White's confirmation this month, told a House Financial Services subcommittee that the SEC is working on how to balance an end to the 80-year-old hedge fund advertising ban, mandated by last year's JOBS Act, while preventing a spike in fraud. The agency is sifting through letters it received during the comment period for the regulation, which was provisionally introduced in August.
"I believe that the over 200 comment letters that were quite substantive and interesting to me and my colleagues that we did receive showed" that the SEC's corporate finance division was wrong to say that no new information could be gained through public comments.
Walter also warned that the new rule will force the agency to expend more energy guarding against fraud.
"We would have to expand examination and enforcement resources that we would not otherwise have to," she said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...