Bill Myers
The ground being laid in the US to welcome retail investors into alternatives is rocky. Where mid-market managers fit is an open question.
SEC chairman Jay Clayton wants an overhaul of the advertising rule that would bring private funds into scope by year end. The proposal has industry representatives up in arms.
The Office of Compliance Inspections and Examinations’ private funds risk alert is not only a warning to the industry, but also a sign of where enforcement is heading.
SEC passes rule that supporters hope will attract more retail investors into private capital markets.
The SEC has widened the definition of accredited investor in the hopes of bringing more ordinary people into the $23trn private funds market.
The pandemic has millions working from home but it's no time to get 'complacent' with compliance, experts say in the wake of an SEC alert.
The Office of Compliance Inspections and Examinations issued a warning about increasing cyber risks to registrants with the Securities and Exchange Commission, and outlined six areas they should review.
Less than one-fifth of private fund compliance officers have a single title, a review of SEC disclosure data finds.
'Less impetus on the manager to protect the investor,' ILPA warns.
SEC regulators found conflicts of interests, fee problems and risks of material non-public information in private equity, hedge and venture capital funds.