Private Fund Adviser Charged for Excessive Fees and Conflict Disclosure
SEC charges private fund adviser for miscalculating and not disclosing fees related to permanent impairment criteria.
July 27, 2023
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SEC Charges Adviser with Selective Disclosure of Fees, Compliance Program Violations
SEC charges adviser for failing to disclose foreign exchange fees and Compliance Rule violations.
April 07, 2023
SEC Fines PE Fund Adviser $4.5 Million in Connection with Fee Calculations
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December 21, 2021
SEC Updates Performance Fee Rule to Remove Specific Dollar Amounts
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November 22, 2021
Adviser, Principals Fined for Charging Clients Fees Without Providing Advice
A Michigan-based investment adviser and two of its principals are paying more than $900,000 to settle SEC charges related to a breach of their fiduciary duties and failing to disclose conflicts of interest.
October 05, 2021
Increases in AUM, Net Worth Thresholds for Qualified Clients Effective Aug. 16
The inflation adjustments that increased the assets-under-management and net worth tests in the definition of “qualified client” under the Advisers Act became effective as of August 16, 2021.
August 24, 2021
SEC Increases AUM, Net Worth Thresholds for Qualified Clients as of August 16
The SEC has published an order that makes an inflation adjustment to the assets-under-management and net worth tests in the definition of “qualified client” under the Advisers Act.
June 29, 2021
BDC Adviser Fined Over $800,000 for Accepting Fees Without Board Knowledge or Approval
The SEC has settled charges against a California-based investment adviser and its co-principal and managing member in connection with their failure to disclose or seek approval for material conflicts of interest in relation to their management of a business development company.
June 15, 2021