A private equity adviser questioned the practice, which could make other SEC enforcement actions eligible for a rehearing.
This enforcement action is a good reminder for chief compliance officers to make sure information is accurate on Form ADV filings.
Opportunity Zones were designed to steer dollars towards traditionally underserved communities. To learn more, register for the upcoming ACG-Wipfli webinar.
A joint proposal to alter the Volcker Rule would open up banks to private equity firms and hedge funds–but would exclude community banks.
The SEC will appoint a new commissioner after Kara Stein left the agency earlier this month and Dan Kahl has been named Deputy Director of the OCIE.