Compliance

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.
Neuberger Berman's Brien Smith talks to senior editor Isobel Markham about what he sees as the most important near-term regulatory developments in private funds
Co-investments have been a hot topic in private equity as more limited partners seek ways to build direct exposure alongside their trusted GPs in investments.
SEC regulators found conflicts of interests, fee problems and risks of material non-public information in private equity, hedge and venture capital funds.
trade war
Lawyers from Kirkland & Ellis outline the most important issues related to the latest regulations on foreign investment in the US.
Toni Caiazzo Neff says she lost her job at New York-based Purshe, Kaplan Sterling because she spoke out against its decision to sell GPB Capital at 8% commissions, having rejected the fund twice before.
Regulators have filed the first government suit against GPB Capital, which has been beset by private lawsuits accusing it of fraud.
In March, OCIE Director Pete Driscoll promised private fund advisers that the SEC would this year issue a risk alert directed at them. “That’s something we’ve been getting a lot of asks from compliance officers who are private fund advisers that, ‘Hey, we haven’t seen a risk alert,’” Driscoll told an audience at the Investment […]
pfcfo
pfcfo

Copyright PEI Media

Not for publication, email or dissemination