Over the past decade, regulators have been focused on the hedge fund industry’s trading practices. Government authorities, most notably the US Attorney’s Office for the Southern District of New York and the SEC, have brought several high-profile insider trading actions against individuals, which have had significant monetary and reputational repercussions for their funds and the industry. Given these high stakes, we suggest that funds and their managers adhere to the practices below to avoid or address potential enforcement actions for alleged insider trading.