Alarming SEC risk alert

PF advisers aren’t reading own recipes, new risk alert claims.

Bill Myers brings us more news from the SEC, this time delving into the risk alert issued on January 26 that showed many private fund advisers aren’t following their own policies or agreements on communications with investors or clients, and some are issuing materially misleading or even false information in their advertisements, aren’t complying with books-and-records rules, and are flunking due diligence tests.