On November 17, 2016, the Hedge Fund Industry Practice team hosted an event at the New York Yacht Club titled “The Ins and Outs of the SEC Enforcement Program and Its Arsenal against Hedge Funds.” More than 50 hedge fund professionals, including hedge fund Principals, Chief Compliance Officers (“CCO”) and General Counsels (“GC”), attended the event and it featured a panel discussion on specific areas like the pay-to-play rule’s implications for fund managers, SEC administrative proceedings and the whistleblower program, an analysis of key SEC exam priorities, and the handling of SEC investigations.
Marc Powers, leader of BakerHostetler’s Hedge Fund Industry and Securities and Regulatory Enforcement Practice Groups moderated the panel while Mark Kornfeld and Walter Van Dorn, Partners in BakerHostetler’s New York Office, and Michelle Chopper, Director at Arthur Bell, served as panelists. Van Dorn discussed the SEC’s pay-to-play rules while Kornfeld addressed the SEC’s whistleblower program and the use of administrative proceedings. Powers spoke on best practices in managing SEC exams and investigations. Finally, Chopper provided the CPA and auditor perspective for these topics.
Read the brief.