Sean J. Hill
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In an order dated June 14, 2016, the Securities and Exchange Commission (SEC) adopted its prior proposal to increase the net worth threshold for “qualified clients” under Rule 205-3 of the Investment Advisers Act of 1940 (the Advisers Act) from $2 million to $2.1 million. This adjustment is being made pursuant to a five-year indexing … Continue Reading
The SEC is continuing its pattern of establishing “standards of conduct” for the private equity industry through speeches, enforcement actions, and public settlements. After foreshadowing its concerns in various speeches over the last three years, the SEC recently returned its attention to the “unregistered broker” issue. In a settlement announced last week, the SEC asserted … Continue Reading
SEC Adopts Higher Net Worth Threshold for Qualified Clients under the Advisers Act
By Anthony M. Drenzek, Michael Mavrides, Robert Leonard, Christopher Wells, Howard J. Beber, Sean J. Hill and Michael Suppappola on Posted in Compliance, Hedge Funds, Private Equity, Regulation, SEC, Securities Law
SEC Announces Settlement with Adviser Found to Have Acted as an Unregistered Broker
By Anthony M. Drenzek, Timothy W. Mungovan, Sean J. Hill and Michael R. Hackett on Posted in Compliance, Mergers & Acquisitions, Private Equity, Private Equity Litigation, Regulation, SEC, Securities Law, Venture Capital
