On August 23, 2023, the U.S. Securities and Exchange Commission (“SEC”), by a party-line vote of 3-2, adopted new rules applicable to investment advisers to private funds (“Private Fund Advisers”) that address transparency,...more
9/6/2023
/ Audits ,
Books & Records ,
Broker-Dealer ,
Clawbacks ,
Compliance ,
Conflicts of Interest ,
Documentation ,
Enforcement Actions ,
Fees ,
Fiduciary Duty ,
Hedge Funds ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Private Equity Funds ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Waivers
Even as the November 4, 2022, deadline has come and gone for registered investment advisers to comply with the SEC’s new Marketing Rule, private fund sponsors have continued to grapple with implementing one of the rule’s more...more