SEC Chief: 150 Active Hedge Fund Probes

Apr 28 2009 | 2:05am ET

The Securities and Exchange Commission has about 150 active hedge fund investigations, the agency’s chairman said yesterday.

Speaking at a conference of business journalists in Denver, Mary Schapiro said that at least some of the hedge fund investigations are looking into potential Ponzi schemes, performance smoothing and misappropriations. In addition to the hedge fund probes, she saidthe SEC has more than 50 other active probes involving derivatives, and about two dozen municipal securities probes.

Schapiro, who took the helm at the SEC in January, also said she may ask Congress to give the regulator greater powers over hedge funds.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...