Comment Letter Regarding SEC Study on the Whether the Establishment of a Self-Regulatory Organization Would Improve the Frequency of Examinations of Investment Advisers

December 16, 2010

Click to expand relevant topics

Topics: investment adviser examination self-regulatory organization, SRO, securities market, hedge fund managers, Securities and Exchange Commission, SEC, Commodities Futures Trading Commission, CFTC, private fund manager, capital formation, broker dealers, oversight, derivative, derivatives trading activities, investment activity, insider trading, short selling, Disclosure, purchase, sale, nregistered securities, broker-dealer, clearing agencies, over-the-counter derivatives, OTC derivatives, swap dealers, swaps, major swap participants, msp, initial margin, variation margin, transparency, Transaction Reporting, systemic risk, assets under management, leverage, trading positions, counterparties, liquidation, Investor Protection, Compliance Policies, chief compliance officer, Obama Administration's Financial Regulatory Reform Proposals, Committee on Financial Services, U.S. House of Representatives, Department of Labor, Department of the Treasury, National Association of Securities Dealers, NASD, over-the-counter securities markets, Office of Compliance Inspections and Examinations, OCIE, forensic accounting, compliance, registration, check-the-box, fiduciary duty, securities transactions, investment advisory firm, financial planners, traditional asset management firm, wealth managers, small advisers, mutual fund, pension, FINRA, Financial Industry Regulatory Authority, clearing, custody, securities lending, reporting, Financial Stability Oversight Council, FSOC, Investment Adviser Association and National Regulatory Services, Dodd-Frank Act,
From: MFA, Richard Baker

To:

Elizabeth Murphy, SEC
Mary Schapiro, Kathleen Casey, Elisse Walter, Luis Aguilar, Troy Paredes

MFA submitted a letter today providing comments to the SEC on Section 914 of the Dodd-Frank Act, which requires the SEC to, among other things, study the extent to which the establishment of a self-regulatory organization (SRO) to augment the SEC_s oversight of investment advisers would improve the frequency of examinations of investment advisers. In our letter we indicate that, based on our experience, we strongly believe that the existing framework of SEC regulation of private fund managers, as enhanced by the Dodd-Frank Act, is effective, and that regulation by an SRO could potentially diminish the quality of oversight private fund managers.

Downloads