Regulators

Christopher Hetner, a senior advisor to the agency’s chairman, has worked to strengthen cyber incident response planning and threat intelligence capabilities.

Credit should be given to the UK government for listening carefully to concerns expressed by stakeholders in private equity modifying its proposals, write Simon Witney and Christopher Boyne.

The Trump-appointee fills a position vacated by Michael Piwowar in July.

The SEC alleges the firm withheld information on an updated net asset value for stakes in its Fund III before a sale.

More than $3.3m was allegedly raised using boiler room tactics such as cold calling, with promises of as much as 24% annual investment returns.

The regulatory agency is seeking comment on proposals to ease restrictions that prohibit banks from investing in private equity funds.

The agency has called for comments on the proposals – which may allow fund partners to claim a tax cut on some of their income – by October.

A change would mean listed private equity firms such as KKR, Blackstone Group and Apollo Global Management would not need to file reports every quarter.

Regulated infrastructure assets still attract investors, even as GPs call regulatory risk one of their main concerns. Sister publication Infrastructure Investor examines the fall-out.