Is a major shift in US regulatory deterrence and punishment for financial crime underway behind the scenes? SEC sets its sights on individuals With little fanfare, a new Securities and Exchange Commission (SEC) policy sets its enforcement sights on a new target: individuals. The Wall Street Journal is reporting that the agency is increasingly looking to hold individual compliance officers at hedge funds personally liable for the activities of the fund, according to Marc Elovitz, a partner at the law firm of Schulte Roth & Zabel LLP.. Holding individuals accountable for criminal activity in financial firms has been a hot…
New SEC Individual Enforcement Policy Signaling Big Regulatory Shift?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.