Regulation:
Linda Thomsen has been appointed as the SEC’s director of the division of enforcement, following the departure of Stephen Cutler. Cutler becomes the second director involved in hedge fund regulation at the SEC to have left in as many months. He follows Paul Roye, who resigned as director of the division of investment management in April.
Roye was crucial in the design of the new hedge fund regulation that will force most managers with US clients to register as investment advisers, while Cutler led the division that took action against fraudulent hedge funds.
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