The US will create a special unit for checking private investment funds

The US Securities and Exchange Commission (SEC) will create a special group that will take care of private investment companies and hedge funds. It is reported by Reuters with reference to unnamed sources. The department refused to give comments on this.

According to the news agency, the specialists of the new SEC division will analyze how exactly private investment funds evaluate their assets, according to what principles they charge a fee for their services, as well as how they interact with their depositors. The actions of the commission are primarily aimed at increasing the transparency of the work of private investment structures.

It is assumed that the SEC will increase the number of employees of employees by 316 people. Now a total of 450 employees are performed in the commission in the commission. At the same time, since 2010, there is a special group specializing in investigations in the field of asset management.

The SEC regularly conduct inspections of various financial institutions, however, the work of analysts of a commission with private investment funds is often criticized. In particular, the SEC experts were accused of that they could not recognize the signs of the financial pyramid in the work of the investment company Bernard Madoff Madoff Securities. The latter was recognized by the SEC financial pyramid only at the end of 2008 and is considered the largest in the history of the United States. Meidoff, found guilty of fraud and financial fraud, was sentenced to 150 years in prison in 2009.