In line with our new tag line, “Don’t be a Target”, FinServ would like to provide some insight we have gained from our clients who have had the unfortunate experience to go through an SEC Audit. In many conversations we have had with our clients over the past year the concern of an audit has been… Read More
The Slippery Slope of Hedge Fund Regulation and Enforcement
In a recent Feb 26th Bloomberg article titled ‘Hedge-Fund Assets Offshore Exempt from Reporting Rule’, the Internal Revenue Service said “with respect to accounts for calendar year 2009 and earlier, U.S. investors don’t have to report large holdings (exceeding $10,000) in offshore hedge funds and private-equity firms this year under disclosure rules designed to detect… Read More
Third Party Admins – Where do They Fit in the A Newly Regulated Hedge Fund Industry?
It seems evident that Third Party Administrators (TPA’s) will hold a prominent role in the newly regulated alternative asset management industry. However, there are certainly key concerns about the TPA’s ability to provide the services that they will be asked to perform. As a firm that spends all its time at our hedge fund and… Read More
Offshore Accounts Back on the Radar
It appeared based on President Obama’s and Tim Geithner’s comments today that they are taking a serious focus on tax havens like offshore accounts and other vehicles that could potentially be used to avoid taxes. This is certainly not surprising and most people have been expecting these moves for some time. It is all part… Read More
All is Quiet on the Regulation Front…..For Now
After a flurry of regulatory and legislative activity over the past few weeks the holidays saw a slow down and presented some time to reflect and absorb on what we have heard from the Treasury and from the G20. Based on history and the nature of our government, the rule changes and setup of a… Read More
