OCIE Issues Risk Alert on Private Fund Adviser Exam Deficiencies
OCIE has issued a Risk Alert describing common deficiencies in exams of advisers to private equity and hedge funds.
June 24, 2020
Tags: OCIE, Private Funds, Risk Alert
SEC Adopts Amendments to Financial Disclosure Rules Related to Acquisitions and Dispositions
The SEC has adopted amendments to Regulation S-X and other regulations.
June 03, 2020
Tags: Investment Company, Mergers & Acquisitions, Private Funds
SEC’s AMAC Discusses COVID-19 Impact, Outlines ESG, Private Investment Work Streams
The SEC’s Asset Management Advisory Committee (AMAC) met on May 27 to discuss the effects of COVID-19 on the asset management industry and to review the work streams of its ESG and Private Investment Subcommittees.
May 29, 2020
Tags: Money Market Funds, AMAC, Coronavirus, COVID-19, Dalia Blass, Electronic Delivery, ESG, ETFs, Jay Clayton, Private Funds, Private Offerings
Adviser Fined $1 Million for Misleading Private Fund Marketing Materials, Performance Information
A Massachusetts-based investment adviser is paying $1 million to settle SEC charges of providing misleading marketing materials related to a private fund and failing to follow its compliance policies and procedures.
April 27, 2020
Tags: Advertising, Advertising Rule, Private Funds, SEC Enforcement
SEC Implements Registration Exemptions for Advisers to RBICs
The SEC has amended certain rules to implement legislation that exempts from investment adviser registration advisers to rural business investment companies (RBICs).
March 11, 2020
Tags: Private Funds
SEC Charges Adviser for Failing to Disclose Financial Conflicts of Interest
The SEC has filed a complaint against a California-based investment adviser and its former co-owners for failing to disclose side compensation arrangements when recommending investments to clients.
February 27, 2020
Tags: Conflicts of Interest, Disclosure, Private Funds, SEC Enforcement
Private Fund Advisers and the Proposed Changes to the Advertising Rule
The proposed amendments, if adopted, would make significant changes to the Advertising Rule affecting private fund managers, including managers of hedge funds and private equity funds.
January 01, 2020
Tags: Advertising, Advertising Rule, Columns, Compliance Corner, Hedge Funds, Private Equity, Private Funds