Private Funds

The firm's use of the letter was also improper because it required its clients, all of whom are retail clients, to agree to a waiver ...

Even though the funds' governing documents specified how expenses would be allocated, managers did not adopt or implement any written P&Ps reasonably designed to prevent ...

The rollercoaster that's FinCEN's Corporate Transparency Act has gone for yet another wild ride, meaning a new stay was put in place Dec. 26th that ...

Because GRID engaged in general solicitation, the offerings could not have been conducted as exempt offerings without reliance on Rule 504 or Rule 506(c) of ...

In 2025, managers will need to redouble their efforts to ensure they are meeting all of the various standards being applied to the industry

The lack of any regulatory framework for sustainable strategies in the U.S. beyond the SEC fund-naming rule means managers will have a more difficult time ...

'The biggest area of enforcement that we continue to see is around private jets'

The adviser failed timely to distribute audited financial statements prepared in accordance with GAAP to investors in pooled investment vehicles that it advised

You have to go back 10 years to when the SEC ordered certain private fund advisers to file Form PF. Apparently, seven SEC RIAs didn’t ...

Catalyst was registered with the Commission as an investment adviser and managed private fund assets of at least $150 million as of the end of ...