ComplianceAlert

SEC Eases Accredited Investor Standard

The SEC recently adopted changes to its definition of an “Accredited Investor.” This is good news for private fund managers since it expands the type of people and entities that will be eligible to invest in private funds. A private fund’s pool of potential investors under Reg D may now include the following investor types:…

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ComplianceAlert

SEC Identifies COVID-19 Concerns

The Office of Compliance Inspections and Examinations (OCIE) recently issued a Risk Alert (the “Alert”) regarding its findings and observations during the COVID-19 pandemic. The Alert pertains to both SEC registered investment advisers and broker-dealers and covers the SEC’s interactions with firms, investors, and the general public since March of this year. The primary categories…

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ComplianceAlert

Private Fund Exam Findings Released (Video)

Video: “SEC to Private Funds: Prepare for an Exam” 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…

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ComplianceAlert

SEC Issues New Guidance and Proposed Amendment

The SEC has been busy this past month issuing new information for asset managers. On July 10th, it issued a proposed amendment to Form 13F filings. Then, last week, the SEC issued guidance on proxy voting for investment advisers. The Form 13F change is significant for institutional equity trading advisers. Section 13(f) Proposed Amendment The…

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ComplianceAlert

Private Fund Exam Findings Released

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…

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