Enforcement Action Regarding Failure to Follow Firm Diligence Policies
The SEC issued an enforcement action against an investment advisor for misrepresenting due diligence procedures in communications with clients.
Sectors
Middle-Market Public Policy Roundup
The OCC issued a warning of rising corporate debt levels, with one veteran lawmaker comparing current conditions to those before the 2008 subprime mortgage crisis.
Middle-Market Public Policy Roundup
The IRS proposed a change to last year's tax reform legislation that would limit deductions businesses can make on interest expenses.
Educating Lawmakers About Private Capital Is Top Priority in New Congress
ACG New York’s Middle Market Week ends with a discussion of the U.S. midterm elections and their impact on legislative and regulatory activity.
Middle-Market Public Policy Roundup
ACG members met with SEC Chairman Jay Clayton, the Fed's vice chairman for supervision testified before Congress, and the Fed announced forthcoming reports.
Dismissal in Yorkville Advisors Insider Trading Case
Federal court dismisses SEC charges against private fund investment adviser Yorkville Advisors, LLC and firm executives for alleged insider trading tactics.
FATCA Compliance Campaign Announced
The IRS released five new compliance campaigns, which are areas the agency intends to focus on in future audits.
Opportunity Zones Proposed Guidance Released
The opportunity zones program provides significant tax benefits to investors redeploying capital gains to newly created qualified opportunity zones.
New Research Supports Expansion of Private Equity Investment Opportunities
The Committee on Capital Markets Regulation recently released a report advocating for increased private equity investment to encourage economic growth.
SEC Commissioner Peirce ‘Lies and Statistics’ Speech Available
SEC Commissioner Hester Peirce spoke recently about the agency's enforcement efforts.