Compliance & Regulation

‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
The Fifth Circuit's decision over the SEC's private funds rules looms over the industry and its regulators.
The SEC’s 'whole rulebook' is at stake with upcoming judgement.
Igor Rozenblit
Iron Road Partners’ Igor Rozenblit – former co-head of the SEC's private funds unit – details concerns and red flags the regulator will be looking for following the passing of its private market rules last year.
Among other things, this proposal would mandate that advisers must verify a customer’s or an entity’s identity 'within a reasonable time before or after the customer’s account is opened.'
Washington takes it seriously, and fund managers must take it seriously, too, experts say.
Brother & sister enjoy playing with the stingrays at the sandbar off Grand Cayman
You don’t have to go to the islands, but private funds based in the Cayman Islands must hold at least one governance meeting annually under new local regulations.
HHS officials are taking stock of the industry, which is already feeling pressure from Washington.
‘None of the justifications offered in support of this latest proposal is convincing or compelling,’ SEC commissioner Hester Peirce says.
Securities and Exchange Commission, SEC, Building in Washington DC. The SEC regulates stocks and bonds and related financial activities.
Deal documents bound employees to expansive MNPI rules; division head also pushes co-operation for leniency in personal messaging cases, notes AI usage risks.
Risk alert identifies shortcomings in advisers' P&Ps which "resulted in gaps for preventing violations of the marketing rule, books and records rule, or both."

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