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New SEC Regulations Go Into Effect 9.10.07 Are Your Hedge Fund Clients Prepared? You need the experts. You need S. H. Smith. When the new anti-fraud rules aimed at money managers goes into effect, your hedge fund clients will be facing:
At S. H. Smith, our experts are well-versed in not only the new regulations, but also how to make sure your clients' liability coverage is the right coverage. With our staff's unmatched years of experience, we know the pitfalls--and the opportunities. On The Hot Seat. The SEC is currently investigating several hedge funds for adequate disclosures, having just settled with one hedge fund, Quattro Global Capital, LLC, for a $100,000 penalty for not disclosing its investment positions. This settlement comes as politicians and regulators continue to debate whether hedge funds are disclosing adequate information about their investments. Hedge funds certainly have been one of the fastest growing segments within the unregistered investment market. Not only are they growing in quantity, but also in litigation and enforcement actions involving fraud, misappropriation and misrepresentation. The result of all this increased scrutiny and new regulations? A dramatic increase in the need for liability coverage.
We offer a complete range of insurance solutions for Hedge Funds and Financial Institutions. Our Professional & Management Liability department is composed of dedicated brokers who specialize in the placement of D&O and professional liability insurance. Today, S. H. Smith writes nearly $100 million in D&O and E&O premium and handles more than 100 classes of E&O in more than 35 admitted and non-admitted markets, with a capacity of $100+ million. Few companies offer so much D&O experience. If you have any questions or would like more information, please contact:
Offices in Connecticut, Massachusetts, Minnesota, New York, Ohio and Florida For general information about S. H. Smith, feel free to call or email anyone at any of our offices. For any state not listed below, please contact Bruce Anderson, Chief Marketing Officer. S. H. Smith & Co. is a national firm, licensed to write in all 50 states.
S.H. Smith & Company is a national, independently-owned excess and surplus lines insurance broker, managing general agency and program administrator. Our specialists in each of our divisions have a depth of experience which we believe is unmatched in the industry. For more information, please call Scott Smith, president, at 860.561.3600 or email by clicking here. Our main office is located at 41 North Main Street, Suite 300, West Hartford, CT 06107 and can be contacted by phone at (860) 561-3600. This newsletter is subscription based and is not unsolicited email. If you would like to unsubscribe, please e-mail marketsmarts@shsmith.com. | |||||||