Increased Regulatory Scrutiny Affecting Hedge Funds

February 4, 2014
Laurel FitzPatrick ,
Deborah A. Monson

On Feb. 4, Ropes & Gray hosted the GAIM Regulation Conference in New York. Throughout the day, regulators from groups such as CFTC, SEC, ESMA, FINRA, NFA, NAIC, FCA and CIMA engaged with compliance officers and general counsel from hedge funds, funds of funds and other institutional investors to address the biggest enforcement trends, what regulators look for during an audit, and how to integrate and prepare for new rules.

Click here for the full agenda and click here for more information.

The Hedge Fund Law Report recently published a Q&A article with Ropes & Gray partners Laurel FitzPatrick and Debbie Monson about this conference and some of the topics that will be covered. Click here to view the full article: “Ropes & Gray Partners Share Experience and Best Practices Regarding the JOBS Act, the Volcker Rule, Broker Registration, Information Barriers, Examination Priorities, Multi-Year Incentive Fees and Swap Execution Facilities.”

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  • Amelia A. Cottrell, Associate Regional Director, Division of Enforcement, Securities and Exchange Commission
  • Marc Wyatt, Senior Specialized Examiner, U.S. Securities and Exchange Commission
  • Majid Mahmood, taff Accountant, U.S. Securities and Exchange CommissionGeorge DeAngelis, Assistant Regional Director (Examinations), Securities and Exchange Commission (New York Office)


  • Gary Barnett, Director of the Division of Swap Dealer and Intermediary Oversight, The Commodity Futures Trading Commission (CFTC)

U.S. Attorney’s Office

  • Eric Corngold, Partner, Friedman Kaplan Seiler & Adelman LLP/Former Chief Assistant U.S. Attorney in the Eastern District of New York
  • James McGovern, Assistant U.S. Attorney, U.S. Attorney's Office
  • Sarah Coyne, Assistant U.S. Attorney, Eastern District of New York


  • Patricia L. Cushing, Director, Compliance, National Futures Association 
  • Regina Thoele, Senior Vice President, Compliance, National Futures Association 


  • Susan Schroeder, Senior Vice President, Deputy Chief, Financial Industry Regulatory Authority 
  • Joseph J. Sheirer, Director & Counsel, Financial Industry Regulatory Authority 

Other Agencies

  • David Chaves, Senior Special Agent, Securities Fraud Program Manager for the New York Division, FBI
  • Jiri Krol, Deputy CEO, Head of Government and Regulatory Affairs, The Alternative Investment Management Association Limited (AIMA)

Compliance Officers and Company Speakers

  • Deborah A. Monson, Partner, Ropes & Gray
  • Laurel FitzPatrick, Partner, Ropes & Gray
  • John Liftin, General Counsel, D.E. Shaw
  • Bruce Karpati, Chief Compliance Officer, Prudential Investments /Former Chief of the Enforcement Division's Asset Management Unit
  • Mike Neus, Managing Partner and General Counsel, Perry Capital LLC
  • Jonny Frank, Partner, StoneTurn Group
  • Marc Baum, General Counsel and Chief Administrative Officer, Serengeti Asset Management
  • Mark Schein, CCO, York Capital Management
  • Suzanne McDermott, Chief Compliance Officer and Associate General Counsel, Halcyon Asset Management LLC
  • Colleen Marencik , Senior Principal Consultant, ACA Compliance Group
  • Matthew Maulbeck, Partner, EisnerAmper LLP
  • Gerard O'Beirne, Partner, EisnerAmper LLP
  • Steve Farmer, Chief Compliance Officer - Hedge Fund of Funds, Mesirow
  • Leslie MacDonald, Legal Counsel, Pacific Alternative Asset Management Company, LLC
  • Mike Cohn, Chief Compliance Officer and Deputy General Counsel, Fortress Investment Group LLC
  • Brendan Kalb, General Counsel, AQR Capital Management, LLC
  • D. Forest Wolfe, General Counsel & Chief Compliance Officer, Angelo, Gordon & Co., L.P.
  • Ian Roffman, Partner, Nutter McClennen & Fish LLP
  • Linda Smith, Managing Director, SEC3 Compliance Consultants, Inc.
  • Tram N. Nguyen, partner, Stroock & Stroock & Lavan LLP 
  • Christopher G. Samios, Chief Compliance Officer, Greywolf Capital Management LP