A panel of current and former regulators at PLI’s Hedge and Private Fund Enforcement & Regulatory Developments 2015 event discussed the use of “big data” by the SEC; explored the risk of CCO liability; and offered advice on preparing for SEC examinations. The program, entitled “SEC Inspections and Examinations of Private Equity and Hedge Funds,” was moderated by Barry R. Goldsmith, a partner at Gibson Dunn, and featured Lindi Beaudreault, an attorney at Murphy & McGonigle; Marc E. Elovitz, a partner at Schulte Roth & Zabel; Igor Rozenblit, a co-leader of the Private Funds Unit of the SEC Office of Compliance Inspections and Examinations (OCIE); and John H. Walsh, a partner at Sutherland Asbill & Brennan and former OCIE acting director. This article summarizes the principal takeaways from the presentation. For more on SEC inspections, see “Hedge Fund Managers Advised to Prepare for Imminent SEC Examination” (Jan. 28, 2016).