Compliance

The agency's new report provides 'hallmarks' of effective compliance programs detected by the agency over the years.

'I think it’s going to be a big year for advisor regulations.'

Budget enabling SEC enforcement of Regulation BI and amended 'accredited investor' definition spell boost for private funds.

The US House's $1.4trn budget gives free rein to SEC chairman Jay Clayton to pursue Reg BI, but it forbids corporate spending disclosure rules.

At its peak, more than five dozen broker-dealers signed on to sell GPB's funds. The B-Ds earned commissions of between 8% and nearly 12%, SEC records show.

The sanctioning of Ocean Cross Capital Markets' Thaddeus North illustrates perils facing small firm compliance officers.

NYPPEX CEO Laurence Allen, who is accused of a long-running fraud by the Office of the New York State Attorney General, says the case is the result of an LP's attempt to essentially greenmail him.

The New York attorney-general has filed a lawsuit against Allen, who runs a secondaries fund and a secondaries intermediary business, for allegedly misappropriating more than $13m.

New amendments to California privacy laws are helpful, but PE firms should still be mindful of the compliance challenge.

Legal expenses can be expansive and opaque. Regulatory Compliance Watch’s Carl Ayers looks at what a GP can do to keep legal bills under control.