SEC

SEC regulators found conflicts of interests, fee problems and risks of material non-public information in private equity, hedge and venture capital funds.

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.

In March, OCIE Director Pete Driscoll promised private fund advisers that the SEC would this year issue a risk alert directed at them. “That’s something we’ve been getting a lot of asks from compliance officers who are private fund advisers that, ‘Hey, we haven’t seen a risk alert,’” Driscoll told an audience at the Investment […]

'PE firms that place employees on the boards of public companies bear heightened risks that they will obtain nonpublic material information through their representative occupying dual roles,' warned an SEC official.

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.

OCIE exams are continuing amid covid-19 disruptions, but remote working conditions are slowing them down, say lawyers from Debevoise & Plimpton.

The Securities and Exchange Commission remains 'fully operational.'

S