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SEC regulators found conflicts of interests, fee problems and risks of material non-public information in private equity, hedge and venture capital funds.
Lawyers from Kirkland & Ellis outline the most important issues related to the latest regulations on foreign investment in the US.
Toni Caiazzo Neff says she lost her job at New York-based Purshe, Kaplan Sterling because she spoke out against its decision to sell GPB Capital at 8% commissions, having rejected the fund twice before.
Regulators have filed the first government suit against GPB Capital, which has been beset by private lawsuits accusing it of fraud.
Covid-19 could spark a fresh wave of outsourcing that sees little but fundraising and investment left in house.
The Boston-based private funds advisor will pay to settle SEC claims that it deceptively marketed one of its oil-and-gas investments.
Monomy Capital Management will settle SEC claims it hid fees from investors, but the firm's cooperation spared it an even worse fate.
A private fund isn't a personal fund and the SEC has driven the point home by barring a Maryland man for phony travel reimbursements and taking a seven-figure loan to cover a personal investment.
These three recent regulatory developments should be on private equity firms’ radars in the US, Europe and Asia.
The private equity giant has said its business could be damaged by allegations of improper conduct or press speculation – whether valid or not.