Bill Myers
SEC examiners are focusing on private funds' compliance with the custody rule, and outside auditors may not be helping.
Congress is weighing a bill that would require private funds, family offices, museums, finance counsel and a host of other 'gatekeepers' to come up with anti-money-laundering policies.
If passed, the ENABLERS Act would require investment advisers and other 'gatekeepers' to develop and maintain anti-money-laundering policies and procedures.
'When it comes to accountability, few things rival the magnitude of wrongdoers admitting that they broke the law'
SEC enforcement director Gurbir Grewal is promising to get tough on private equity, hedge funds and venture capital funds.
States want beneficial owners on Form D.
'A lot of fees and potential conflicts inherent,' Chairman says
'If there’s even the remotest notion that something could cause a disclosure issue, put it in.'
SEC commissioner says the Division of Examinations’ recent alert 'raises questions of its own.'
Registered investment advisors are struggling with ESG disclosures and their policies and procedures, the SEC said in a new risk alert.