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ARTICLE · 02 JANUARY 2015

A Compilation Of Enforcement And Non-Enforcement Actions - December 2014

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SEC Looks to Step Up Oversight of the Fund Industry

United StatesConsumer Protection
Peter Fetzer
Peter Fetzer
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Non-Enforcement

  • SEC Looks to Step Up Oversight of the Fund Industry
  • SEC Provides Guidance on Key Employee Trusts Under the Family Office Rule

Enforcement

  • SEC Charges Advisory Firm and Its Two Co-Owners With Fraud in Connection With Statements Made to Clients to Induce Investments in Hedge Fund
  • False Performance Claims by Investment Management Firm Results in SEC Sanctions

Non-Enforcement

SEC Looks to Step Up Oversight of the Fund Industry

At a recent conference, Mary Jo White, SEC chairman, announced that the SEC will look to increase its scrutiny of the mutual fund asset management segment to ensure that appropriate risk controls by such investment managers are in place. According to Chairman White, it is not clear that the industry has implemented risk controls sufficient to meet the risks provided by new products and strategies.

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