Regulators Speak at MFA Outlook 2013 Conference

Various regulators, including SEC Chair Mary Jo White and SEC Director of Investment Management Norm Champ, spoke at the the Managed Funds Association ("MFA") Outlook 2013 Conference. Chair White spoke about the new alternatives market place and emphasized that investors must be protected in this new, publicly-oriented market. She went on to state that the SEC would like to prevent investor harm, not just react after an event has occurred. Additionally, she discussed the growing importance of the hedge fund industry and expressed interest in working closely with hedge fund professionals to maintain openness, enact a comprehensive registration system and propose workable regulations to help protect customer's money.

Norm Champ discussed recent updates to the JOBS Act and hedge fund general solicitation. Director Champ explained that the division has been focused on serving the public, and noted the new website redesign that assembles all of the investment management tools together.

See:Norm Champ Interview (MFA Blog); Video Clips from Chair White's Remarks at MFA Conference.