Aggressive enforcement, record whistleblower payouts, stronger pursuit of insider trading violations and expanded scrutiny of asset valuation methods and reporting signal the SEC's determination to protect the investment management industry and its investors from illegal activity. It has become clear that fraud prevention is a hot button not only for the SEC, but investment managers and investors alike. In the wake of this greater collective focus, managers may need to revisit and improve their antifraud controls as their vigilance is essential to help uncover and prevent fraud. about fraud prevention in the investment management industry as well as insights on debt security valuation, SEC enforcement actions and establishing an effective fraud prevention program.