An expected Securities and Exchange Commission (SEC) crackdown that we first reported in ValueWalk April 30 may be underway, but this shouldn’t be cause for concern for shareholders in alternative asset stocks, says a Sterne Agee report. The issue was recently ignited again when Andrew Bowden, the head of the SEC’s exam program, indicated that the SEC has identified “violations of law or material weaknesses in controls over 50% of the time” in its reviews of funds. The issues center around hidden fees, misallocation of expenses, and inaccurate asset valuations. SEC disclosure crackdown anticipated ValueWalk had first reported on April…
Anticipated SEC Disclosure Crackdown Underway, Sterne Agee Calms Fears
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.