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Unregistered private funds have targets on their back
Regulators seek trading documents, P&Ps, internal communications
'This case is a petri dish about the economic system of the world'
'Do your homework'
'It offers prosecutors easy opportunities to show that they are doing something to hold Wall Street accountable'
"We're going to have a cleanup in aisle three, and the public is going to ask, 'Where was the oversight?'"
'What I found to be very compelling about this letter are lies that Mr. Gad put in the letter'
Outsourcing rare but multiple roles, funds abound
Regulatory 'firsts' land uncomfortably close to private funds
Banks must prove adequate controls, obtain 'non-objection' letter from supervisory offices