Private Fund Exam Findings Released
FrontLine Compliance
On June 23, 2020, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert (the “Alert”) discussing observations from its private fund examinations over time. The Alert did not state the time period of the examinations included. However, any private fund manager that has been examined within the past two years should recognize some of the topics discussed.
The Staff covers three main categories of findings within the Alert:
Conflicts of Interest…