CONTRIBUTED BY
Asher Bearman
asher.bearman@dlapiper.com

Some interesting news today out of the SEC about new enforcement actions by the SEC against hedge funds – specifically, against three separate advisory firms and six individuals for alleged violations initially uncovered through the results of SEC proprietary data analysis.  That final point may be the most interesting since, evidently, the SEC is not simply waiting for whistleblowers under the SEC’s Dodd-Frank whistleblower program, which financially compensates those who ring the alarm bells about fraud and wrongdoing at their companies.  Instead, it appears to be proactively investigating hedge funds, using its proprietary data analysis. These internal investigatory efforts may signal a new front in the SEC’s efforts to police hedge funds and probably other types of funds as well.

Read more after the jump, courtesy of Deborah Meshulam, Perrie Weiner, Nicolas Morgan and Joshua Briones:Continue Reading SEC Stepping Up Fund Enforcement Actions