Hedge Fund Investor Group AOI Publishes Best Practice Principles

Hedge Fund Investor Group AOI Publishes Best Practice Principles Alignment of Interest Association (“AOI”) recently published guidelines to serve as a platform for discussion among hedge fund industry participants. Formed in 2008, AOI is an informal group of like-minded institutional investors who want fairer terms from hedge fund managers. Membership to the group is restricted… READ MORE

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Oyster Consulting Hires George Jennison as President

Former Associate Director expands the executive team of the growing firm.   Oyster Consulting announced today that George Jennison has been named President. Prior to being named as President, George served as Associate Director, helping clients trade more efficiently and effectively while reducing operational risk, meeting regulatory reporting requirements, and serving customers’ needs. George brings… READ MORE

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Municipal Issuers and Underwriters: Have You Made Your Continuing Disclosures?

Municipal Issuers and Underwriters: Have You Made Your Continuing Disclosures? What’s Happening: The SEC offered a safe harbor period until December 1, 2014 that allowed for self-reporting of failure to comply with MSRB Rule 15c2-12, or the Municipal Continuing Disclosure Cooperation Initiative (MCDC), and has recently solicited comments on the impact of the rule on… READ MORE

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ETMFs: Preparing for a New Breed of Funds

ETMFs: Preparing for a New Breed of Funds By: Julie Gibbs What’s Happening: The SEC recently approved investment management firm, Eaton Vance Corp’s, application to launch a new type of exchange-traded fund that is not required to disclose its holdings as frequently as traditional ETFs. Exchange-traded managed funds (“ETMFs”) are a hybrid of traditional exchange-traded… READ MORE

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You may be exempt from Reg SCI, but you still need SCI!

What’s Happening? On November 19, 2014 the Securities and Exchange Commission (SEC) voted to adopt new rules designed to strengthen the technology infrastructure of the US securities markets, requiring entities to have comprehensive policies and procedures in place for market impacting technologies. These Regulations for Systems Compliance and Integrity, dubbed “Reg SCI” in the financial… READ MORE

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SEC Scrutinizing Private Equity Performance Figures

By George Jennison What is Happening: The alternative investment industry is under pressure to simplify its fee and expenses structures, making their performance figures more intelligible to investors. As part of this increased scrutiny, the SEC is now examining how private equity firms report how they calculate average net returns in past funds in their… READ MORE

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SEC Releases Findings of Broker Dealers Involved in Sale of Securities of Microcap Companies

By: Evan Rosser What’s Happening: On October 9, 2014, the SEC released findings from its examination of 22 broker-dealers identified as being frequently involved in the sale of the securities of microcap companies. Specifically, the SEC evaluated compliance with the firms’ obligations to (1) perform a “reasonable inquiry” in connection with customers’ unregistered sales of… READ MORE

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