SEC Wrap Fee Case Focuses on Account Monitoring and Fees
SEC fines adviser for failing to monitor whether wrap fee program continued to be in clients’ best interest.
September 20, 2022
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Advisers Charged with Valuation, Compliance, Oversight Failures
SEC fines fund adviser and sub-adviser in connection with overvaluation of fund assets, oversight, compliance failures.
June 27, 2022
SEC Charges Adviser for Violating Short Selling Restrictions
SEC fines adviser for violating short selling rule, notes adviser’s self-reporting.
June 20, 2022
SEC Charges PE Adviser for Disproportionate Expense Allocations to Fund
SEC fines private equity fund adviser for failure to disclose disproportionate allocation of expenses to fund.
June 20, 2022
Regulatory Game Changers on the Horizon
The SEC has unleashed a flurry of rule proposals that, if enacted as proposed, will significantly alter the regulatory, disclosure and reporting obligations for managers who cater to the private fund market.
May 31, 2022
SEC Charges Adviser and Portfolio Managers with Fraud in Connection with Complex Options Strategy
SEC charges adviser and portfolio managers and bans adviser from registered fund business in connection with fraud related to complex strategy.
May 25, 2022
New York-Based Adviser Fined for Causing Brokers to Violate Short Sale Rules
Firm fined for mismarking short orders as long, causing brokers to violate Regulation SHO.
May 13, 2022
Adviser, Principal Fined for Misrepresentations and Compliance Issues
The enforcement case found hedge fund misrepresentation, principal trading without consent, and lack of policies and procedures.
January 04, 2022