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Fees and Expenses
Investment Company Act of 1940 – Section 17(d) / Rule 17d-1 October 26, 2017 RESPONSE OF THE OFFICE OF CHIEF COUNSEL DIVISION OF ...
The LPAs did not disclose that the Private Equity Funds would also pay the broken deal expenses for the portion of each investment that would ...
Taking remedial actions have been shown to curry favor with SEC enforcement staff. The latest example of this comes with a strange twist. The ...
Respondents improperly charged $2.2 million in fees to Fund I for services provided by PAMCO affiliates to a portfolio company of Fund I. PAMCO was ...
Usually the SEC wants its money within 10-14 days. But a private fund adviser will get up to three years to pay off its enforcement ...
This matter arises from CDI’s improper allocation of certain expenses to a private equity fund client. Respondent is an investment adviser that has at all ...
The SEC’s ReTIRE initiative and the work of the Commission’s broker-dealer task force is continuing to bear fruit—this time in the form of another enforcement ...
Charging your clients additional fees for no additional services is sure to garner scrutiny from the SEC. The Connecticut-based Momentum Investment Partners (dba as Avatar ...
Avatar and Fernandes failed to disclose material conflicts of interest in connection with investments Avatar made in new mutual funds that it created and managed. ...
NASAA’s model fee disclosure schedule is gaining wider acceptance among brokerage firms. The association announced May 9 that nine additional securities firms have agreed to ...