Private Equity

TPG failed to disclose to its funds, and to the funds’ limited partners prior to their commitment of capital, that it may accelerate future monitoring ...

Only one type of PE fund adviser tends to use its funds to pay to cover SEC RIA registration as well as related compliance costs. ...

Tao falsely claimed investor funds would be held in escrow and returned unless $2.5 million was raised. The complaint further alleges that while some of ...

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 ...

The Commission’s complaint alleged that, between March 2010 and October 2013, Penn engaged in a fraudulent scheme to misappropriate approximately $9 million from a private ...

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 ...

The Commission’s complaint alleges that in November and December 2016, while employed at the Investment Bank, Krishnamoorthy learned highly confidential details about a private equity ...

The LPAs did not disclose that the Private Equity Funds would also pay the broken deal expenses for the portion of each investment that would ...

Taking remedial actions have been shown to curry favor with SEC enforcement staff. The latest example of this comes with a strange twist.   The ...