HedgeOp Compliance, a provider of specialized compliance software and consulting services for alternative asset managers, has announced the release of the ComplianceTrak Form SH Platform, a tool for hedge funds to meet new Securities and Exchange Commission reporting requirements for short sales.

The Form SH Platform is an add-on to ComplianceTrakTM software, a tool that enables managers to meet their compliance requirements. It can be purchased as add-on to ComplianceTrak TM, or as a stand-alone product.

On Oct. 15, 2008, the SEC mandated weekly Form SH filing requirements for money managers, to address market volatility. Form SH is based on the interim final temporary Rule 10a-3T, and followed the Sept. 19 temporary ban on short-selling that was implemented amid the financial markets crisis. Form SH is for money managers that are also required to file the quarterly Schedule 13-F on long positions.

The Form SH Platform, which comes with installation and training, is built on intellectual property that enables it to be both intuitive and customizable. End-users can access the tool via a secure Internet portal. A full description of the Form SH Platform, can be found at: http://hedgeop.com/FormSH.aspx