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.
Keeping a lid on legal expenses
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.
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