SEC Files Complaint Alleging Hedge Fund Manager Failed To Maintain And Enforce Adequate MNPI Policies And Procedures To Separate Public And Private Side Employees
By EsqSocial Corporation 24/12/24
On December 12, 2024, the Securities and Exchange Commission (“SEC”) filed a litigated complaint (the “Complaint”) in United States District Court for the District of Connecticut against a hedge fund manager (the “Firm”) registered with the SEC as an investment adviser alleging that the Firm violated Section 204A and 206(4) of the Investment Advisers Act of 1940 (“Advisers Act”) by failing to maintain and enforce policies and procedures reasonably designed to prevent the misuse of material...
By: A&O Shearman