SEC Hedge Fund Enforcement Chief Out

May 10 2013 | 12:05pm ET

The Securities and Exchange Commission's point-man on hedge fund enforcement is leaving the regulator.

Bruce Karpati will become chief compliance officer for Prudential Financial's mutual fund business, Pru said yesterday. The two sides have been in talks for months and were first linked at the beginning of March.

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.

"Bruce has been a pioneer in the use of complex data analysis to detect securities fraud," SEC enforcement co-chief George Canellos, himself rumored to be mulling an exit from the regulator, said.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note