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EXECUTIVE SUMMARY The SEC adopted new rules and amendments under the Investment Advisers Act on August 23, 2023, which impose substantial new regulatory obligations and place significant restraints on traditional practices used by private funds advisors. We believe...
In the first enforcement action of its kind, the Securities and Exchange Commission (the “Commission” or the “SEC”) filed a complaint in the Northern District of New York against Pinnacle Advisors, LLC and associated individuals for violations by the NYSA Fund (the...
The Securities and Exchange Commission (SEC or Commission) has adopted significant new reporting requirements applicable to investment advisors to all Private Equity Fund Advisors, Large Private Equity Fund Advisors, and Large Private Hedge Fund Advisors.[1] Form PF,...
On the horizon is a potentially cataclysmic shift in the rules for custody of investments managed by investment advisers. On February 15, 2023, the Securities and Exchange Commission (“the Commission”) issued Release IA-6240 (the “Issuing Release”), announcing it...
In August, the U.S. Securities and Exchange Commission (SEC) released new rules for executive compensation and performance disclosures from reporting companies. These rules were issued in accordance with the Dodd-Frank Act. The agency issued proposed rules in 2015 and...