Publications
Michael Swartz Discusses Section 16(b) Litigation and Strategies for Risk Mitigation in Hedge Fund Legal & Compliance Digest
Hedge Fund Legal & Compliance Digest
April 6, 2017
Hedge fund managers’ trading activities have been closely scrutinized by regulators for years for evidence of insider trading, market timing or other suspicious or illegal activity. Now, managers face another risk in trading: short swing profit litigation brought by civil plaintiffs, which has seen a significant upswing in recent years. In this interview with Hedge Fund Legal & Compliance Digest, partner Michael Swartz discusses how short swing profit rule litigation is currently impacting hedge funds and what managers can do to mitigate the risk of litigation.
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The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]