Finders assist private funds with raising capital and a rule proposal providing them an exemption from registration may or may not be on the SEC’s new agenda. The proposed exemption would allow transaction based compensation for finders not registered as a broker-dealer, which would be dependent upon their activity as defined by the rule. However,…
Even before the name Archegos became known for the wrong reasons, family offices were slated for another look by the SEC. The rule allowing family offices to be exempt from SEC registration is planned for review this year, but now the spotlight has grown for looking further at regulatory oversight options. FrontLine’s Founder and President…
Hedge fund exams over the last year have focused on a myriad of well known issues such as expense allocations, investor disclosures and valuations, among others. Now the SEC appears poised to ramp up its scrutiny even more. Amy Lynch, FrontLine’s Founder and President, expects the SEC to seize on the concerns raised by the…