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Cady Bar the Door Insight & Commentary on SEC Enforcement Actions and Related Issues

Category Archives: Hedge Funds

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SEC Takes Oddly Aggressive Stance on Payment of Monetary Sanctions

Posted in Hedge Funds, Investment Advisers, Investment Frauds

When Mary Jo White was installed as the SEC’s chair in April, I had little doubt she would be well-suited for her new role.  She is extremely well regarded in the securities bar, and doubts about “ties to Wall Street” compromising her effectiveness seemed overblown to me.  I wondered, though, whether her tenure would change the… Continue Reading

SEC Puts Some Color on Its New Admissions Policy

Posted in Hedge Funds, Microcap Fraud, SEC Litigation

Earlier this summer, SEC chair Mary Jo White told a Wall Street Journal conference that the Commission would in some circumstances depart from its longstanding policy of allowing defendants to settle cases without admitting or denying wrongdoing.  She didn’t let Labor Day hit before putting the new plan into action. You may remember that the… Continue Reading

SEC’s Asset Management Unit Gets Ahead of the Curve

Posted in Hedge Funds

Bernie Madoff was arrested just over three years ago. The SEC’s side of the Madoff narrative is by now well known. In 2005 Harry Markopolos sent a lengthy memo outlining Madoff’s giant Ponzi scheme, in painful detail, to the SEC’s Boston office. Markopolos’s concerns were then directed to the Commission’s New York office. While members… Continue Reading