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.
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."
SEC widens the risk calculus for private fund managers.
‘The central question is: Are you breaching your fiduciary by focusing on these ‘political’ questions or are you actually upholding your fiduciary by upholding value for your investors?' Seyfarth Shaw’s Ferrari says.
A recent settlement likely means the SEC is already investigating the private funds sector for compliance breaches related to electronic messaging.
The Biden administration wants to rework American society, and sees fund managers as a problem to be solved.
Private funds' thinking has evolved from risk management to value creation, PwC's Eric Janson said at a Private Funds CFO/Regulatory Compliance Watch webinar.
This hour-long webinar features tips to prepare the new SEC-mandated form