ComplianceAlert

Compliance Lessons from the Recent “Trading Glitches”

Over the past two years we have seen some rather egregious trading errors take place. Knight Capital, J.P. Morgan, Goldman Sachs, and most recently, NASDAQ, have all had their share of spectacular trade related faux pas. As the markets continue to shift towards greater dependency on technology for speed of execution, it is the quality…

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ComplianceAlert

New SEC Guidance Eases Burden for Private Fund Advisers

The SEC’s Division of Investment Management recently released new guidance for private fund advisers regarding Custody Rule 206(4)-2 of the Advisers Act. This new guidance should come as a relief to the private fund industry. Rule 206(4)-(2)(b)(2) is an exemption for private funds from maintaining the services of a qualified custodian for certain private fund…

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