When advertising the performance of a private fund, the adviser presented performance returns that were experienced by a single investor. These returns did not constitute ...
Treasury seeks to understand better how AI is being used within financial services, and the opportunities and risks presented by the technology. Comments are due ...
The PPM for the fund described a short position investment strategy but omitted that the strategy involved working with activist short publishers and trading in ...
This is the decision, 3-0, vacating the SEC's new private fund rules
While this new final rule takes effect Aug. 2, the compliance dates are February 2026 for larger entities and August 2026 for smaller ones
The adviser failed to both adopt and implement P&Ps regarding investor communications that could have prevented the violations
An internal review found that some investors received material holdings and exposures information about the fund without compliance’s review and approval
This is the Advisers Act's books and records rule
The issues stemmed from failing to disclose conflicts in the firm's variable annuity and cash sweep money market fund selection practices, and making recommendations that ...
Key Investment Services and its reps did not disclose in writing that the reps were acting as associated persons when they made the transfer recommendations, ...