SEC sets up hedge fund unit and market intelligence division

WASHINGTON, DC – The US Securities and Exchange Commission (SEC) has created a new hedge fund unit within its enforcement division, to police funds and prevent another scandal on the scale of Bernard Madoff’s $65 billion Ponzi scheme fraud.

The asset management unit will form part of a strengthened enforcement division. It will report to chief enforcer Robert Khuzami, who has named Bruce Karpati and Robert Kaplan as co-heads of the new unit. Karpati currently heads the agency’s Hedge Fund

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: