SEC proposals mark sea change for private funds regulation

SEC proposes sweeping new PF audit, fees rules; SEC crosses the Rubicon, proposes an outright ban on certain PE practices.

Regulation: The SEC proposed sweeping new rules that would require private fund advisers to brief their investors on fees and expenses every quarter, audit their funds yearly and more, Bill Meyers reports. And Chris Witkowski delves into the rule proposals that would ban certain activities, such as accelerated monitoring fees, saying the proposals mark a major shift in the way the SEC regulates private funds.

Email prepared by Jen Banzaca