Fees and Expenses

Engaging in a continuous pattern of fraudulent “scheme trades” to circumvent the provisions of an incentive fee structure has landed a hedge fund manager and ...

A Maryland-based private equity adviser and its principal owner will pay more than $3.1 million to settle SEC charges they performed brokerage services and charged ...

These proceedings arise from violations by registered private equity fund adviser BCM and its principal, Gunty, relating to: (i) the receipt of transaction-based compensation for ...

The SEC's complaint alleges that Avatar and Fernandes violated Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, Avatar violated Sections 206(4) and ...

Los Angeles County Employees Association has “no process for validating private equity fees,” according to an April audit the pension system released. Lacera, which valued ...

First Reserve agreed to reimburse its investors $12.7 million and pay a $5 million fine to settle a SEC investigation  into various fee and expense ...

Issues tied to fees and expenses are “dominating” today’s SEC examinations of private fund advisers. That message was delivered by several Kirkland & Ellis partners ...

Two months ago, the SEC fined the advisory firm Equinox Fund Management in Denver for misleading investors about fees and valuation (IA Watch, Jan. 21, ...

A new SEC settlement fines an adviser $100,000 for overcharging some 25 clients an average of $250 per quarter due to faulty AUM calculations. What ...

Marco, MIM’s chief executive officer (“CEO”) and chief compliance officer (“CCO”), charged certain of the firm’s clients advisory fees that were calculated in a manner different ...