Tag: Private Funds
Form CRS, ESG Disclosure are Priorities for SEC Exams, Enforcement
Form CRS filing and ESG disclosure are among the top examination priorities, noted Peter Driscoll, Director of the SEC’s Division of Examinations, in a conversation with IAA General Counsel Gail Bernstein at the 2021 IAA Investment Adviser Compliance Conference.
March 09, 2021
Tags: Compliance Conference, ESG, Form CRS, Libor, Peter Driscoll, Private Funds, SEC Enforcement, SEC Examinations, Share Class Disclosure, Takeaways
IAA Comments on Delegation and ESG in EU AIFMD Consultation
The IAA has submitted comments on a consultation from the European Commission on the Alternative Investment Fund Managers Directive (AIFMD).
February 02, 2021
Tags: ESG, European Commission, Private Funds
UK-based Adviser Pays $170 Million in Connection with Transfer of Traders to Proprietary Fund
The SEC has fined a UK-based investment adviser in connection with the firm’s transfer of almost half of the traders assigned to a private fund sold to external clients to a proprietary fund with a similar trading strategy that was created to attract and retain traders and senior managers.
December 21, 2020
Tags: Disclosure, Private Funds, SEC Enforcement
AMAC Discusses Private Funds, ESG, and Diversity and Inclusion
The AMAC’s Private Investments and ESG subcommittees provided updates on their progress and the AMAC’s Diversity and Inclusion subcommittee held a panel discussion.
December 09, 2020
Tags: AMAC, Diversity & Inclusion, ESG, Pay-to-Play, Private Funds
New SEC Action Will Make it Easier for Issuers to Conduct Private Offerings
In a 3-2 vote, the SEC has significantly amended its exempt offering rules to promote capital formation and expand investment opportunities while preserving or improving important investor protections.
November 11, 2020
Tags: Private Funds, Private Offerings
Virginia Adviser Pays Over $1 Million for Failing to Reduce Fees as a Result of Write Downs
The SEC has fined a private equity fund adviser concerning management fees that it charged to a fund under its management.
October 29, 2020
Tags: Fees and Expenses, Private Equity, Private Funds, SEC Enforcement
Florida Adviser Sanctioned Over Performance Fees, Custody Rule Violations
The SEC fined a Florida-based investment adviser and its president $61,808.34 in connection with violations of the Advisers Act Custody Rule, Compliance Program Rule, and certain antifraud provisions.
October 02, 2020
Tags: Custody, Private Funds, SEC Enforcement
Private Fund Adviser Fined Over Failure to File Amendments to Schedule 13D Filings
A New York-based private fund adviser was fined $100,000 in connection with failures to file amendments to Schedule 13D filings.
October 02, 2020
Tags: Private Funds, SEC Enforcement
AMAC Discusses ESG, Private Funds, Diversity and Inclusion, COVID-19 Impact
The SEC’s Asset Management Advisory Committee (AMAC) held a meeting on September 16.
September 24, 2020
Tags: AMAC, Coronavirus, COVID-19, Diversity & Inclusion, ESG, Private Funds
IM Division Director Discusses E-Delivery, Increasing Public Access to Private Markets
Dalia Blass, Director of the SEC’s Division of Investment Management, recently gave a speech in which she focused on key past and future developments, and changes within the Division.
August 11, 2020
Tags: Advertising Rule, AMAC, Coronavirus, COVID-19, Dalia Blass, E-Delivery, Electronic Delivery, Private Funds, SEC Investment Management
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