Recently, the Securities and Exchange Commission (the “SEC”) adopted much anticipated rules under the Investment Advisers Act of 1940 (the “Advisers Act”) aimed at (i) bolstering the regulation of private fund advisers and...more
9/15/2023
/ Audits ,
Books & Records ,
Clawbacks ,
Compensation ,
Disclosure Requirements ,
Dodd-Frank ,
Fees ,
Financial Statements ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Private Funds ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Valuation
The transition period for recently adopted changes intended to modernize rules that govern investment adviser advertisements and compensation of solicitors has expired (effective November 4, 2022). The new rules revise and...more
On February 9, 2022, the US Securities and Exchange Commission (the “SEC”) proposed changes to the rules governing advisers to private funds. If adopted, the rules would constitute a sweeping change to the regulatory...more
On October 8, 2020, the Securities and Exchange Commission (the "SEC") voted to propose a new limited conditional exemption from broker registration requirements for "finders." The SEC's press release is accessible here....more
On August 26, 2020, the Securities and Exchange Commission (the "SEC") adopted amendments to update and expand the definitions of "accredited investor" and "qualified institutional buyer." As a result of the new categories of...more
9/2/2020
/ Accredited Investors ,
Family Offices ,
Indirect Ownership ,
Investment Adviser ,
Investment Opportunities ,
Limited Liability Company (LLC) ,
Natural Person Requirement ,
New Amendments ,
Private Offerings ,
Qualified Institutional Buyers ,
Rural Business Investment Companies (RBICs) ,
Section 546(e)