Page Perry

The SEC has hired hedge fund industry professionals to assist in its investigation of problems and abuses in the hedge fund industry. Three SEC enforcement units are involved in the investigations: the Asset Management unit headed by Bruce Karpati, the Market Abuse unit, and the Structured and New Products unit. The SEC has brought over 100 enforcement actions against hedge funds since 2010, and sees this area of enforcement as a top priority in 2013 (“SEC Targeting 4 Hedge Fund Developments in 2013,” AdvisorOne).