Multiple compliance backstops were in place at hedge fund adviser Brahman Capital Corp. to safeguard confidential information. Despite the firm’s written P&Ps, code of ethics, ...
The SEC moved last week to finalize action against Lawrence Penn in a case of fraud that has stretched four years. The contest goes on ...
Historically the SEC has announced charges against firms not satisfying rule 105 of Regulation M in big bunches. This time it’s only the New York-based ...
Mohammed Ali Rashid routinely delegated to his assistant the filing of his monthly expense reimbursement forms at the private equity fund adviser Apollo Management ($46B ...
Irony springs from the SEC ALJ’s decision to dismiss fraud charges against former investment adviser Lynn Tilton given that she had earlier challenged the constitutionality ...
Taking remedial actions have been shown to curry favor with SEC enforcement staff. The latest example of this comes with a strange twist. The ...
Relying on your firm’s employees to self-evaluate and self-report the potential receipt of material non-public information and failing to adopt P&Ps ensuring they do so ...
Usually the SEC wants its money within 10-14 days. But a private fund adviser will get up to three years to pay off its enforcement ...
This week, two attorneys from separate law firms will be deposed in an SEC enforcement case that even the ALJ has described as one offering ...
Things really have to be bad if your regulator gives you a deficiency letter warning that your use of a discounted cash flow method to ...