What the SEC social media exam sweep means for hedge funds

Ocie is focused on the retention and maintenance of records related to electronic communications


In recent weeks, the SEC’s Office of Compliance Inspections and Examinations (Ocie) has sent requests to hedge funds and other registered investment advisers targeting electronic communications on advisers’ systems or on third-party applications. These requests are explicitly not focused on firm-provided email accounts, but rather on other electronic messages (e.g.