The SEC’s new guns

Asset management enforcement co-chief Bruce Karpati lays down the law about insider trading, valuation of illiquid assets, side pocket investigations and expert networks


By Lawrence Delevingne

Bruce Karpati: Some portfolio managers may be incentivized to overvalue portfolios

The new-look Securities and Exchange Commission—belatedly overhauled following the financial crisis and Bernie Madoff scandal—is making headlines for its policing of hedge funds.

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