Mark S. Audet
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Yesterday, the five SEC commissioners voted 3-2, along party lines, to approve the Private Fund Adviser Rules. The final Rules scale back from what was initially proposed 18 months ago, in ways that are likely to be a relief to many private fund advisers. (For a summary of the initial proposal, please see our previous … Continue Reading
On March 15, 2023 the U.S. Securities and Exchange Commission (“SEC”) released its proposal to amend Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information, while simultaneously issuing two additional cybersecurity-related rule proposals[1] and re-opening the comment period for its previously-proposed cybersecurity risk management rule released in February 2022.[2] This set of sweeping reforms … Continue Reading
On February 7, 2023, the Division of Examinations of the U.S. Securities and Exchange Commission released its 2023 Examination Priorities (“Annual Priorities”). Released at the beginning of each calendar year, the priorities tend to repeat the previous year’s priorities, and consumers of these regulatory tea leaves need to search closely for clues as to what … Continue Reading
On May 25, the Securities and Exchange Commission issued proposed rules under the Investment Advisers Act of 1940 for advisers to private funds that consider environmental, social or governance factors (“ESG”) as part of one or more significant investment strategies. The proposed rules would require advisers employing ESG strategies to report additional information about those … Continue Reading
SEC Adopts Private Fund Adviser Rules
By Robert Sutton, Robert E. Plaze and Mark S. Audet on Posted in Asset Management, Compliance, Disputes, Enforcement, Hedge Funds, Private Credit, Private Equity Litigation, Regulation, SEC, Securities Law
In Continuation of Longstanding Focus on Cybersecurity, SEC Proposes Significant Amendments to Regulation S-P
By Mark S. Audet, Ryan P. Blaney, Nolan Goldberg, Robert E. Plaze, Robert Pommer and Robert Sutton on Posted in Compliance, Cybersecurity, Enforcement, News, Regulation, SEC, Securities Law
SEC Examinations in 2023 to Focus on “Riskier Private Funds” and New Marketing Rule
By Robert E. Plaze, Robert Sutton and Mark S. Audet on Posted in Asset Management, Cryptocurrency, Examinations, Hedge Funds, Private Equity, Regulation, SEC, Securities Law
SEC Proposes ESG Reporting and Disclosure Requirements for Private Fund Advisers
By Robert E. Plaze, Robert Sutton and Mark S. Audet on Posted in Compliance, Enforcement, Hedge Funds, Private Equity, Regulation, SEC
