Tag: Fees and Expenses
SEC Issues Risk Alert on Economic Conflicts of Interest
June 9, 2026 Risk Alert discussing the SEC staff’s observations from examinations related to investment advisers’ obligations concerning economic conflicts of interest and associated fee practices.
June 10, 2026
Tags: Conflicts of Interest, Examinations, Fees and Expenses
Marketing Rule Toppled by Off-Channel Communications for Top Compliance Concern
Advisers’ concerns of off-channel communications eclipsed the Marketing Rule as the top compliance concern, according to the 2024 Investment Management Compliance Testing Survey published today.
July 17, 2024
Tags: Climate, Compliance Testing Survey, Conflicts of Interest, Cybersecurity, Fees and Expenses, Marketing Rule, Off-Channel Communications, Private Funds, Recordkeeping, Research
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
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
Tags: Fees and Expenses, SEC Enforcement
SEC Marketing Rule Continues To Be Top Compliance Concern, Survey Shows
The 2022 Investment Management Compliance Testing Survey identified advertising/marketing, cybersecurity, and climate change/ESG as the top concerns for compliance officers.
June 30, 2022
Tags: Climate, Compliance Testing, Conflicts of Interest, Cybersecurity, Digital Assets, ESG, Fees and Expenses, Marketing Rule, Private Funds, Research, Survey, Valuation
SEC Fines PE Fund Adviser $4.5 Million in Connection with Fee Calculations
The SEC has fined an adviser to private equity funds $4.5 million for not offsetting management fees as discussed in fund disclosures.
December 21, 2021
Tags: Disclosure, Fees and Expenses, Private Equity, SEC Enforcement
SEC Updates Performance Fee Rule to Remove Specific Dollar Amounts
The SEC has amended the rule that allows advisers to charge performance-based fees to qualified clients, to remove specific dollar amounts.
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
Tags: Conflicts of Interest, Disclosure, Fees and Expenses, Fiduciary, SEC Enforcement
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
Tags: Fees and Expenses
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
Tags: Fees and Expenses
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