The Latest on the Marketing Rule

21 Apr 2023 12:00 - 13:00 EST

Overview

Discover how your peers are disclosing information to LPs, planning to show fees and expenses, and calculating net performance. Discussion topics will include:

→ How does your firm conduct compliance-related due diligence on potential vendors?

→ What is the meaning of recent risk alerts, enforcement actions, exam lists?

To help navigate to relevant bits of the session, I’ve added timings to the key takeaways below.

  • The rule is “designed to prevent deceptive statements. To establish a violation the SEC only needs to show negligence, broad discretion.” (07:00)
  • “You now have to be able to substantiate when the SEC examines you, you need documentation” (11:10)
  • “The SEC are asking for particular claims, picking particular claims on websites, and asking for substantiation” (24:06)
  • It is critical to demonstrate a good training program that reminds staff what the rules are, as well as running detail past legal and compliance  (47:32)
  • “if you change vendors or methodology it can trigger a lot of extra attention especially if it results in a higher valuation… a lot of times they look back in regard to disposition price” (48:53)

Not a Private Funds CFO Network member?

Join today to access this content and much more.

Already a Private Funds CFO Network member?

To view this content you must have a Private Funds CFO Network membership.

Problems signing in? Contact us

Format

Panel discussion, Q&A

Publicity

On the record.

CPE

1 Hour

Experts

Join an experienced panel of leaders and innovators who have been briefed to pick the topic apart and put it back together again.
Your expert faculty includes:

Matt Cohen

Speaker

Matt Cohen

Partner

Kirkland & Ellis

Duvall, Nick

Speaker

Nick Duvall

Vice President Legal & Compliance

Carlyle

Jana Nawrocki, Senior Vice President and Chief Compliance Officer, GID

Speaker

Jana Nawrocki

Senior Vice President and Chief Compliance Officer

GID

Rob Van Grover

Speaker

Rob Van Grover

Partner

Seward & Kissel

Myers.OldProfile.Harnik (003)

Moderator

Bill Myers

Editor

Regulatory Compliance Watch

Webinar registration (Closed)

This webinar has already run. You can find the recording at the top of the page.

pfcfo
pfcfo

Copyright PEI Media

Not for publication, email or dissemination