Daily Archives: March 31, 2017, 10:36 am

SEC Private Equity Enforcement:  A More Aggressive Approach | Compliance and Enforcement

Over the last several years, the Securities and Exchange Commission (“SEC”) has targeted private equity funds for various fee allocation arrangements and conflicts of interest.  Rather than describing the fee practices as fraudulent, which would require a showing of scienter, the SEC has concluded that the private equity advisers committed disclosure violations.  However, a recent proceeding in which the SEC…

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SEC Nominee on FCPA, Compliance Costs, More – Radical Compliance

The plain truth is that barring some unforeseen disaster, the Senate will confirm Clayton as SEC chair soon. Compliance professionals wondering what the future may bring should start looking ahead, to whomever Clayton might name to run the Divisions of Enforcement and Corporation Finance, and the Office of the Chief Accountant. Those three people will have much more direct consequence…

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Four Senate Banking Dems Want Inquiry of Piwowar’s SEC Actions | Bloomberg BNA

“We are concerned that Commissioner Piwowar’s actions may lack adequate justification, undermine the SEC’s mission, exceed his authority as Acting Chairman, violate other procedural requirements, and could potentially prove to be a waste of the SEC staff’s precious time and resources,” said a March 29 letter from Democratic Sens. Sherrod Brown (Ohio), Elizabeth Warren (Mass.), Robert Menendez (N.J.) and Brian…

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