Update on NY attorney general’s case against NYPPEX chief; PFCFO Insights survey results; and a sponsored guest article on the complexities for private funds in the TCJA
Update on the case against NYPPEX chief Laurence Allen; the SEC doesn’t require encryption of central documents, but some advice if you do; investment advisor gets registration revoked; tech opportunities for CFOs
The lawyer hired to defend NYPPEX CEO Laurence Allen plans to try to get the New York attorney-general's plea for an injunction and a receiver for relevant assets thrown out.
The New York attorney-general has filed a lawsuit against Allen, who runs a secondaries fund and a secondaries intermediary business, for allegedly misappropriating more than $13m.
The agency levied $4.3bn in penalties in fiscal year 2019 and brought 191 cases against investment advisors and investment companies, a nearly 77% increase on the previous fiscal year.
Industry representatives largely dodged a feared thrashing in Tuesday's House Financial Services Committee hearing on private equity. But PE is shaping up to be a major battlefield in the presidential race.
New amendments to California privacy laws are helpful, but PE firms should still be mindful of the compliance challenge.
Legal expenses can be expansive and opaque. Regulatory Compliance Watch’s Carl Ayers looks at what a GP can do to keep legal bills under control.
What's on CFOs' and CCOs' minds? Valuations guidelines, patch cyber insurance coverage and SEC exam patterns.
How ESG climbed the compliance agenda, patchy cybersecurity insurance and better valuations guidance were discussed at length at the San Francisco event.