SEC asset management unit's enforcement priorities for 2015 – conflicts of interest. Issue 2 (6th July 2015)

• Record Type: Journal Article
• Authors: Weiner, Perrie Michael; Hunnius, Patrick; Crain, Sean R.
• Is Part Of: Journal of investment compliance. Volume 16:Issue 2(2015)
• Page Start: 22
• Page End: 25
• Publication Date: 2015-07-06
• Subjects: Enforcement -- Securities and exchange commission (SEC) -- Asset management unit -- Priorities; Institutional investments -- Law and legislation -- Periodicals; Securities -- Periodicals; 332.6
• DOI: 10.1108/JOIC-04-2015-0031
• Languages: English
• ISSNs: 1528-5812

Abstract

Abstract : Purpose: – To address "Conflicts, Conflicts Everywhere, " a speech at the recent IA Watch 17th Annual Compliance Conference by Julie M. Riewe, co-chief of the Securities and Exchange Commission's Enforcement Division's Asset Management Unit (AMU). Design/methodology/approach: – Provide information on the AMU's creation, the AMU's 2015 priorities for each of the primary investment vehicles it polices –registered investment companies; private funds (both hedge funds and private equity funds); and other client accounts, such as separately managed accounts/retail accounts – and the AMU's central concern across all of the investment vehicles it polices: conflicts of interest. Findings: – Conflicts of interest will be receiving much attention from the Commission in the coming months. In order to help avoid an SEC inquiry or, worse yet, an enforcement action, corporations and individuals should seek counsel. Originality/value: – Practical explanation and guidance from experienced securities and financial services lawyers.