Fees and Expenses

The latest congressional report by the SEC’s Office of the Investor Advocate states that in FY 2017, which begins in October, the office will look ...

WFGA overcharged clients in one of its advisory wrap account programs contrary to its disclosures to these clients. WFGA represented to clients participating in a ...

Silver Lake adopted a policy governing its use of accelerated monitoring fees that appears to be a first of its kind in the industry. The policy, established ...

Engaging in a continuous pattern of fraudulent “scheme trades” to circumvent the provisions of an incentive fee structure has landed a hedge fund manager and ...

A Maryland-based private equity adviser and its principal owner will pay more than $3.1 million to settle SEC charges they performed brokerage services and charged ...

These proceedings arise from violations by registered private equity fund adviser BCM and its principal, Gunty, relating to: (i) the receipt of transaction-based compensation for ...

The SEC's complaint alleges that Avatar and Fernandes violated Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, Avatar violated Sections 206(4) and ...

Los Angeles County Employees Association has “no process for validating private equity fees,” according to an April audit the pension system released. Lacera, which valued ...

First Reserve agreed to reimburse its investors $12.7 million and pay a $5 million fine to settle a SEC investigation  into various fee and expense ...

Issues tied to fees and expenses are “dominating” today’s SEC examinations of private fund advisers. That message was delivered by several Kirkland & Ellis partners ...