In May 2019, the SEC proposed amendments to the rules that require BDCs to include (i) certain financial information pertaining to their majority-owned or controlled portfolio companies and (ii) historical and pro forma...more
7/10/2019
/ Acquisitions ,
Business Development Companies ,
Controlled Portfolio Companies ,
Disclosure Requirements ,
Filing Requirements ,
Financial Statements ,
Investment Company Act of 1940 ,
Proposed Rules ,
Public Comment ,
Regulation S-X ,
Request For Information ,
Securities and Exchange Commission (SEC)
In December 2018, the SEC announced two enforcement actions involving business development companies (BDCs) – one against Fifth Street Management, LLC, the former external registered investment adviser to two BDCs, and the...more
12/22/2018
/ Allocation of Funds ,
Asset Management ,
Business Development Companies ,
Business Valuations ,
Cease and Desist Orders ,
Censures ,
Civil Monetary Penalty ,
Compensation Schemes ,
Compliance ,
Corporate Misconduct ,
Deductible Expenses ,
Disgorgement ,
Enforcement Actions ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Non-Public Information ,
Policies and Procedures ,
Portfolio Companies ,
Prejudgment Interest ,
Registered Investment Advisors ,
Section 19(a) ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Shareholder Distributions