Bruce Karpati

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  SEC Targeting 4 Hedge Fund Developments in 2013

  By Melanie Waddell, AdvisorOne  |  December 18, 2012

  Bruce Karpati, head of the SEC’s Asset Management Unit, housed within the agency’s Enforcement Division, told compliance officers that overseeing hedge funds’ compliance will continue to be a priority for the agency next year.

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  The Case of the Aspirational AUM: SEC Says RIA Inflated AUM Tenfold

  By Melanie Waddell, AdvisorOne  |  November 20, 2012

  A New York-based firm inflated its AUM to qualify for SEC registration—literally moving decimals on a spreadsheet—while a San Francisco-based firm dithered for 18 months in delivering mutual fund records to the SEC.

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  NASCAR-Related Index Fund Shut Down After SEC Scrutiny

  By Melanie Waddell, AdvisorOne  |  August 10, 2012

  The SEC's Asset Management Unit charged David Dube and his firm, Peak Wealth Opportunities, on Friday with failing to provide examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks.

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  SEC Charges Falcone, Harbinger Capital With Fraud

  By John Sullivan, AdvisorOne  |  June 27, 2012

  The charges "read like the final exam in a graduate school course in how to operate a hedge fund unlawfully," the agency says.

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  Exclusive: Biggest SEC Enforcement Effort Is Advisor Misconduct

  By Melanie Waddell, AdvisorOne  |  June 5, 2012

  In exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.

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  SEC Charges N.Y. Fund Manager in Fraudulent LP Deal

  By Melanie Waddell, AdvisorOne  |  May 25, 2012

  The SEC announced Friday that it brought charges against a New York-based fund manager and his two firms for luring investors into a trading program that would “purportedly maximize their profits but instead spent their money in unauthorized ways.”

• SEC Settles Charges With AXA Rosenberg and TD Ameritrade

  By Kathleen McBride, AdvisorOne  |  February 4, 2011

  Separate matters result in payments of $242 million from AXA Rosenberg and $10 million from TD Ameritrade, much of that going to investors.