January 9, 2014

Compliance Outreach Program Scheduled for January 30, 2014

The SEC will hold its next Compliance Outreach Program at its Washington, D.C.’s headquarters on January 30, 2014. The program covers various broad topics applicable to larger advisory firms and investment companies. The topics focus on compliance-related issues relevant for CCOs and other senior officers of larger advisers. Certain topics…

Continue reading...

January 9, 2014

OCIE Announces Its Exam Priorities for 2014

The Office of Compliance Inspections and Examinations through its National Examination Program announced its exam priorities for 2014.  In making this announcement, OCIE noted that its Investment Adviser/Investment Company Program has primary examination authority for approximately 11,000 registered investment advisers and 800 registered investment company complexes. With respect to investment…

Continue reading...

January 8, 2014

SEC Brings Enforcement Action Against Adviser in Connection with Hedge Fund’s Investments in a Company Affiliated with the Adviser

The SEC brought an administrative action against Patrick G. Rooney, the founder, sole owner, and managing partner of Solaris Management LLC, an unregistered investment adviser. Since 2003, Solaris has been the general partner and investment adviser to the Solaris Opportunity Fund, LP, a hedge fund, and an offshore feeder fund.

Continue reading...

January 3, 2014

SEC Co-Director of the Division of Enforcement to Resign

George S. Canellos, co-director of the SEC’s Division of Enforcement, will resign later in January.  Andrew Ceresney, who is also currently a co-director of the Division, will continue to serve as director of the SEC’s Enforcement Division after Mr. Canellos’ resignation. Mr. Canellos joined the SEC in July 2009 as…

Continue reading...

Menu