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Performance Based Fees

"Washington, DC, USA - October 4, 2012: The United States Securities and Exchange headquarters building located on F Street in Washington, DC. A security guard and other people are present in this photo. The U.S. Securities and Exchange Commission hold primary responsibility for enforcing federal securities laws."
This is a new SEC FAQ, released in January 2023, related to its SEC ad rule
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Provides for compensation to the investment adviser on the basis of a share of the capital gains
CEO and chief portfolio manager charged for their roles in artificially NAV and performance results
In a new settlement order, the SEC says private fund adviser Soteira Capital and its principals, Derek Charles Clark and Laura Santos overcharged performance fees, ...
Enforcement may be a case study in what not to do
'A lot of fees and potential conflicts inherent,' Chairman says

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