Fraud is here to stay, say industry experts
OPERATIONAL RISK | SEC UNLIKELY TO STAMP OUT FRAUD
The SEC could not stamp out fraud even if regulation of advisers comes to pass, according to industry experts.
The SEC’s recent staff report into hedge funds fails to call for independent administrators -- the lack of which are a major reason for blow-ups and fraud, according to Dermot Butler, chairman at Dublin administrators Custom House.
Independent administration is so important an issue in fighting fraud that some US funds already appoint third party administrators to satisfy investors
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Waters Wavelength
Waters Wavelength Podcast: Episode 229 (World Backup Day)
On this episode of the Wavelength Podcast, Wei-Shen and Tony discuss their backup data habits.
Subscribe to Weekly Wrap emails
Most read
- Sell-Side Technology Awards 2021: All the Winners
- Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
- Not all digital securities were created equal
- Witad Awards 2021: EDM professional of the year (newcomer)—Saori Fotenos, IHS Markit
- A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges