hedge funds news from FierceComplianceIT

We've obviously spent a lot of time expounding the virtues of enhanced compliance programs, which often entail more employees and technology. But no compliance or security system will be fool-proof... Read more...

Alternative investment providers are always looking for non-correlated alpha, and the industry may have stumbled on an interesting new asset class: reward proceeds due to whistleblowers. There are... Read more...

The massive insider trading ring revolving around hedge fund Galleon has focused attention once again on the technological battle to fight insider trading. The SEC and other regulators have invested... Read more...

In the financial services industry, it's easy to see risk management as something of a burden. Sure, its an imperative, but the sense is that it is mainly something necessary to satisfy regulators... Read more...

We're six years into the Sarbanes-Oxley era, and much of the corporate community has made peace with the law. Many companies have gone a few steps beyond the letter of the law to synergize compliance... Read more...

Some hedge funds thought they had found a way to profit from the options backdating scandal. Recall that Sarbanes-Oxley requires every Form 10-Q and 10-K to be signed by senior executives, who thus... Read more...

Why was Joseph Sullivan, chief compliance officer of New York hedge fund Peconic Partners, fired? He claims in a suit he was terminated by William Harnisch, head of the fund, after he complained... Read more...

Hopefully the bailout package that passed will stabilize the markets to the point that the world can start discussing the real issue: how to regulate the financial markets and Wall Street. We've... Read more...

We've noted that a damning report by an independent Justice Department had little good to say... Read more...

Once again, we can ask: Wasn't Sarbanes-Oxley supposed to prevent this? Mortgage fraud has been front-page news. A 581-page report by a bankruptcy court examiner has found that New Century--a... Read more...