PF Rules & Regulatory Actions

The Commission’s complaint alleged that, from March 2013 to February 2014, Burns, through SLM, acquired insurance companies and thereby obtained the ability to control the ...
The OCC, Board, FDIC, SEC, and CFTC (individually, an Agency, and collectively, the Agencies) are inviting comment on a proposal to amend the regulations implementing ...
Staff Letter No-Action relief under Section 206(4) and Rule 206(4)-2 under the Investment Advisers Act of 1940 Dec. 20, 2018 Investment Advisers Act Section 206(4) ...
Despite the fact that some BSP employees spent a percentage of their time on tasks not related to the BSP, NBAA, acting negligently, did not ...
This matter arises from Yucaipa’s negligent failure to disclose several financial conflicts of interest to the funds, as well as Yucaipa’s misallocation of fees and ...
Judge George B. Daniels of the United States District Court for the Southern District of New York granted in part and denied in part Defendants ...
Burns, the majority owner and control person of Southport Lane Management, LLC, acquired insurance companies and thereby obtained the ability to control the investment decisions ...
The Commission’s complaint alleged that, from 2014 to at least September 2018, Hitt, acting individually and through Kiddar Capital and Kiddar Group, raised at least ...
The Commission’s complaint alleged that, in his role as an investment adviser, Rothenberg schemed to defraud both the venture capital funds he managed and the ...
LCA did not implement policies and procedures reasonably designed to ensure that proper disclosures were made regarding its use of the BBFQ fund’s assets and ...
The Commission’s complaint alleged that, from at least January 2013 through December 2017, Young illegally raised at least $362, 000 from at least 32 investors. ...
The custody rule is designed to protect advisory clients from the misuse or misappropriation of their funds and securities. It requires that registered advisers who ...
Hope and Bruton managed two private hedge funds in which their only compensation was an incentive fee, calculated as a share of the profits earned ...
Cushing, on behalf of a hedge fund it managed, sold 1,565,786 units of a publicly traded master limited partnership (“MLP”) to a closed-end fund and ...
Shortly after his release from prison, Earls formed an investment adviser entity and hedge fund and began soliciting investors. From 2015 through 2018, in connection ...
Lemelson used written reports, interviews, and social media to spread untrue claims, including that Ligand was "teetering on the brink of bankruptcy" and that Ligand's ...
In response to requests from commenters regarding issues addressed in the proposal, the public comment period has been extended for 30 days until October 17, ...
Respondents immediately halted the offering when contacted by the Commission staff and undertook a review of CAM’s website, marketing materials, and offering procedures. In addition, ...
VSS and Stevenson received preliminary information indicating the Fund III NAV had potentially increased significantly during the first quarter of 2015 from the 2014 NAV, ...
BCM compliance manual stated that employees were required to “avoid establishing financial interests or outside affiliations that may create a conflict or appear to create ...
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