Enforcement cases and questions for private fund advisers when considering policies and procedures reasonably designed to prevent the misuse of material, non-public information.
September 22, 2022
SEC Compliance Outreach Program Scheduled for November 15
The SEC has scheduled a Compliance Outreach Program for advisers and funds on November 15, 2022.
September 22, 2022
Tags: Compliance, ESG, Fiduciary, Form CRS, Marketing Rule, Mutual Funds, Private Funds, SEC Examinations
The IAA and other trade associations call for an extension of the comment period for the joint SEC-CFTC Form PF proposal to allow for meaningful stakeholder input.
September 20, 2022
Tags: CFTC, Form PF, Hedge Funds, Private Equity, Private Funds, SEC Investment Management
SEC and CFTC jointly proposed substantial changes to Form PF for all private fund advisers and large hedge fund advisers.
August 22, 2022
Tags: Form PF, Hedge Funds, Private Equity, Private Funds
SEC’s Birdthistle discusses fees, proxy voting, money market fund reform, and LIBOR, announces expiration of no-action position related to MiFID II.
August 02, 2022
Tags: Libor, MiFID II, Money Market Fund, Private Funds
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
Agencies Update Regulatory Agendas, Custody Rule Proposal Expected Soon
Federal agencies issue Spring 2022 Reg Flex agendas; Custody Rule expected in near term, FTC premerger notification rule and anti-money laundering for advisers on the agenda.
June 27, 2022
Tags: Money Market Funds, AML, CFTC, Custody, Cybersecurity, DOL, ESG, Private Funds, Proxy Voting, Regulatory Agendas, SEC Investment Management
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
IAA Calls on SEC to Exclude Advisers, Private Funds, Other Advisory Clients from Dealer Proposal
The IAA urges the SEC to exclude SEC-registered investment advisers and their clients, including private funds, from its proposed definition of “dealer.”
June 07, 2022
Tags: Private Funds, Trading
The IAA and others urge the SEC to extend the comment period for a proposal that would expand the definition of dealer to capture certain advisers and private funds.
May 31, 2022
Tags: Private Funds, Trading