On accelerated monitoring fees and indemnities, regulators discover they’ve had the power all along – bad news for those who would have challenged the relevant initial proposals from the SEC in court.
Multiple sources have told affiliate title RCW that the SEC has launched its long-anticipated Division of Examinations sweep tied to the IA marketing rule, and we’ve gotten a copy of what’s described as the sweep exam letter.
The regulator said Insight charged excess management fees by inaccurately calculating management fees based on aggregated invested capital at the portfolio company level instead of at the individual portfolio investment security level.