Fees and Expenses

First Reserve negotiated a legal fee discount from a law firm for itself for certain services based on the large volume of work the law ...

When SEC examiners announced two years ago that they were coming in, PE fund adviser WL Ross & Co. ($4.5B in AUM) reviewed its approach ...

SEC Enforcement director Andrew Ceresney was quick to point out “a common theme” in the Commission’s recent enforcement actions against private equity firms:  a failure ...

Since the OCIE exam, WL Ross has voluntarily taken a number of actions to strengthen its controls and compliance systems. WL Ross hired a new ...

A cadre of Democratic senators, including Elizabeth Warren (D-Mass.) and Bernie Sanders (D-Vt.), has asked SEC Chair Mary Jo White to consider having the Commission ...

That Blackstreet Capital Management case from June, in which the SEC argued again that a private equity fund adviser receiving transaction-based compensation should register as ...

OCIE is seeking to identify conflicts of interest tied to advisers’ compensation or financial incentives for recommending mutual fund and 529 Plan share classes that ...

The latest congressional report by the SEC’s Office of the Investor Advocate states that in FY 2017, which begins in October, the office will look ...

WFGA overcharged clients in one of its advisory wrap account programs contrary to its disclosures to these clients. WFGA represented to clients participating in a ...

Silver Lake adopted a policy governing its use of accelerated monitoring fees that appears to be a first of its kind in the industry. The policy, established ...