SEC Chairman Cox – Video of Announcement Regarding IDEA and XBRL The SEC’s announcement this week of its full-fledged implementation of the IDEA interactive database for reporting companies’ and mutual funds’ information should be a welcome announcement for hedge funds that invest in public companies. The robust architecture of the IDEA database, which will allow [...]
Richard Ketchum CNBC Interview 8/13/08 In a landmark agreement announced today, the NY Stock Exchangeand FINRA have taken responsibility for the monitoring of insider trading for ten US exchanges. NYSE and NYSE-Arca listed securities trading will now be monitored by NYSE, and AMEX and NASDAQ-listed securities trading will be overseen by FINRA. This brings surveillance, [...]
As the summer draws to a close and it seems like half your office is at the beach, should your hedge fund compliance program take a vacation too? Absolutely not! Now is the time to: -Check your compliance calendar: Have you completed all your tasks? Check back to the beginning of the year. And, if [...]
The resignation of David Aufhauser as General Counsel of UBS’s Investment Banking Division this week raises an important compliance question: who, if anyone, at UBS was reviewing his personal trading? Did UBS have a complete “circle of review” such that even the top executives doing the reviewing were themselves being reviewed? Mr. Aufhauser resigned after [...]
