SEC Eyes "Gatekeepers," Hedge Funds

Law360, New York (March 28, 2006, 12:00 AM EST) -- The SEC convened its annual conference, entitled “SEC Speaks,” in Washington, D.C. in early March, at which Staff from the SEC’s Division of Enforcement highlighted themes that are likely to feature prominently in the near future. As set forth below, the Staff articulated a focus on counsel as “gatekeepers” and on hedge funds, and reaffirmed its commitment to coordinating enforcement actions with criminal authorities.

1.FOCUS ON LAWYERS AS “GATEKEEPERS”

The Enforcement Staff made it clear that it continues to focus on professionals, including attorneys, in the...
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