The SEC initiated a Rule 102(e) proceeding against a partner with a Big Four firm that sought to bar him from practicing before the Commission. The partner had audited certain hedge funds that had misappropriated assets from the investment adviser. The SEC alleged that the audit partner for the funds violated PCAOB auditing standards and engaged in improper professional conduct relating to his audit. StoneTurn served as an expert in the matter, advising the client on SEC policy relating to Rule 102(e), evaluating whether auditing private hedge fund constituted practice before the SEC, and evaluating the accounting and disclosure of the relevant funds and auditing procedures performed.