Fees and Expenses

A new enforcement action sends the message that any increase in fees constitutes a material change that needs to be disclosed

Colony Capital didn't properly disclose affiliate expenses, regulators claim

Colony failed to provide the required disclosures to limited partners in advance and to obtain the required approvals from the LPACs or majority-in-interest of limited ...

'It’s something that the industry can work together on collaboratively. Let’s get together and prove that,' Prunier says

Nearly 63% of private fund managers said they billed fund regulatory expenses, such as Reg D filings, to the funds they advised. More than 21% ...

With SEC rules scotched, LPs look to smooth friction with GPs

The issues stemmed from failing to disclose conflicts in the firm's variable annuity and cash sweep money market fund selection practices, and making recommendations that ...

This is a fundamental violation of an investment advisers’ fiduciary duty to act in the best interest of its clients, according to the judge

March proved to be a tough month for the SEC in two federal courts. One judge accused the Commission of “gross misconduct” and, in a ...

Both of these agreements created conflicts of interest, because they created an incentive for 3D/L to use funds managed by the ETF Manager in 3D/L’s ...