PF Rules & Regulatory Actions

The adviser purported to rely on the exception to the qualified custodian requirement but did not obtain an audit of each of the Funds and ...

The firm also did not properly describe the status of its fund’s financial statement audits when filing its Forms ADV and did not update certain ...

The adviser failed to maintain securities of certain private equity funds that it advised with a qualified custodian

He failed to take necessary steps to do so despite being on notice of the rule’s requirements and was aware of the ongoing failures in ...

The SEC adopts Form PF amendments to require large private equity fund advisers to provide additional information to the SEC about the private equity funds ...

The Rebalancing Trades were executed at prices proposed by Anthony Melchiorre and agreed to by the Rebalancing Brokers, but not at prices that were independently ...

Enforcement Division relying on 'overly broad interpretation,' groups warn

This is a new SEC FAQ, released in January 2023, related to its SEC ad rule

Ahuja engaged in a fraudulent scheme to inflate the value of securities held by several private investment funds managed by Ahuja and Premium Point. The ...

Instead of paying back Fund II during this time period, Respondent used the management fees it charged and collected for its own operating expenses