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Regulatory & Compliance Analysis
‘We’re dealing with a different economy now than we were in the 1990s, or even the early 2000s,’ Akerman partner Austin Ownbey says of new, neo-Brandeisian realities.
Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.
A Park Avenue wealth adviser learns a new lesson about an old private fund problem, the Federal Trade Commission makes history (derogatory) and a closer look at the butcher’s bill from the US Securities and Exchange Commission’s staff purge.
The US Department of Labor could publish new ERISA rules by the end of the year. Then, private funds’ work really begins.
The proliferation of rated note feeders and CFOs is bringing new capital to the market, say Haynes Boone’s Albert Tan, Perry Hicks and Greg Cioffi.
The growth of securitized products is attracting more investors into the space.
The good news? Firms are being proactive about AI ‘guardrails.’ The bad news? They may need a lot more help as investor/expert skepticism grows, litigation risks widen.
AI and increasing workloads top the industry’s compliance concerns, according to the Investment Adviser Association, ACA Group and Yuter Compliance in their 21st annual report.
An SEC proposal to ‘Make IPOs Great Again’ makes state regulators schvitz, and ILPA wants to widen its portco template.
Os Nawaz comes back to SEC enforcement as principal deputy director, and regulators publish a whopper of a to-do list.