C3 - Hedge funds are expected to be subject to mandatory registration and regulation proposed by the Obama administration in conjunction with the Treasury department and the SEC. These initiatives are expected to pass Congress by the end of the year. The C3 product creates a virtual compliance infrastructure for hedge funds, other investment advisors subject to registration, and broker dealers. This infrastructure is mandated by the SEC which looks for a "culture of compliance" within the entities it regulates and audits. Additionally, the SEC is beefing up its enforcement staff in the wake of the Madoff scandal leaving hedge funds and other investment advisors under ever-increasing scrutiny.It is also important to note that investors and potential investors increasingly look at all fund infrastructure (trading systems, risk, compliance) when looking to allocate or redeem.C3 provides a cost effective compliance infrastructure solution for as little as $3500 per year. The system features include: 1) Secure, virtual filing for all critical documents relating to funds/entities, investors, employees2) Automated routing to assure appropriate document approvals 3) Automated employee monthly statement approval routing and reporting4) Searchable database for easy document location5) Automated compliance calendarThe system is effective and affordable for even the smallest funds.