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SEC Charges Hedge Fund Adviser with Failure to Prevent Insider Trading

SEC Charges Hedge Fund Adviser with Failure to Prevent Insider Trading WHAT HAPPENED? On August 21, 2017, the SEC charged a hedge fund advisory firm with failing to implement and enforce adequate policies and procedures designed to prevent insider trading.  The adviser’s policies and procedures required only an initial review [...]

Hedge Fund Manager Charged with Misappropriating Investor Funds

Hedge Fund Manager Charged with Misappropriating Investor Funds WHAT HAPPENED? On August 11, 2017, the SEC charged a hedge fund manager with misappropriating investor money between different funds he managed.  These improper allocations were used to pay for legal and administrative expenses incurred by certain hedge funds during ongoing litigation [...]