The SEC is stepping up enforcement in the private equity space, according to a speech by Bruce Karpati, chief of the SEC Enforcement Division's Asset Management Unit. Karpati lauded the SEC for its efforts in this area and noted that in the last few years the Enforcement Division has brought more cases involving private equity firms and hedge funds. And he hinted there are more cases to come, especially "private equity cases, as well as hedge fund and registered fund cases with private equity-like issues." Karpati explained the SEC has "identified enough misconduct to know that enforcement oversight of the private equity industry is important for investor protection."