Hedge fund managers must contend with a gathering storm of SEC examinations and heightened attention from the SEC’s Division of Enforcement.  This guest article describes the context and goals of the increased examination and enforcement activity, and provides seven practical recommendations to assist private fund managers in preparing for and navigating heightened examination and enforcement scrutiny.  The authors of this article are Marc Fagel, previously Director the SEC’s San Francisco Regional Office and now a partner at Gibson, Dunn & Crutcher LLP, and Kenneth Burke, a litigation associate at Gibson Dunn.