Patriots’ Day is a Massachusetts holiday honoring the anniversary of the Battles of Lexington and Concord, the first battles of the Revolutionary War. Since Maine was once part of Massachusetts, it is also a holiday in Maine. Although they switch the possessive to Patriot’s Day. That means Paul Revere and William Dawes mount their horses … Read more »
Category: Compliance Programs
Possible Extension to Registration for Private Fund Managers
Dodd-Frank put enormous pressure on the Securities and Exchange Commission to create dozens of new rules. Tile IV of the law, the Private Fund Investment Advisers Registration Act of 2010, shifts thousands of mid-sized investment advisers from federal to state registration. It also repeals the private adviser exemption, causing most private fund managers to register … Read more »
Compliance Bits and Pieces for March 26
Here are some compliance related stories that recently caught my eye: PEI Media’s Private Fund Compliance Forum Don’t miss your last chance to attend the essential event for compliance professionals in 2011 at a discounted price. Book your place before midnight on Friday March 25 and save $355 off the full delegate price. (I will be speaking on a panel on … Read more »
The Small Business Capital Access and Job Preservation Act
With the House of Representatives’ change in political control, the Republicans are taking some steps to cut back on Dodd-Frank. Earlier this week the House Committee on Financial Services distributed a press release about five potential bills that would revise the financial service legislation: The Asset-Backed Market Stabilization Act The Small Company Capital Formation Act … Read more »
Greater Boston Real Estate CCO Forum
Are you running a real estate fund and wondering what do about registering with the Securities and Exchange Commission? Are you near Boston? If your answers are yes and yes, join a group of CCOs who are getting together on an informal basis to discuss the issues. Our next meeting is Thursday, March 3 at … Read more »
Parking and Compliance
Do you pull into a parking space or back in? Does it matter? Do you need a rule? The other day I pulled into a parking lot and saw one of these “head in parking only” signs. It bothered me. Why does it matter whether I parked with my headlights in or my taillights in? … Read more »
Complying with Regulations and Ethics
If you are running a compliance program you spend a lot of time reading regulations and trying to figure out how they apply to your company. Some are very clear and make it easy to understand what you need to do. Unfortunately, many are not. Are there corruption and ethical issues tied to your interpretation? … Read more »
Private Fund Compliance Forum
Thousands of private equity firms are scrambling to meet the July deadline to register with the SEC. New disclosure rules are being proposed for private equity managers with more than $1bn in assets. PEI Media is producing its second annual PEI Private Fund Compliance Forum 2011 to help prepare you prepare for the new wave … Read more »
Do Hedge Funds Create Criminals?
Lynn Stout takes the recent charges against arrest of Raj Rajaratnam, founder of the Galleon Group, and the recent raids on expert networks as an indictment of the entire hedge fund industry. She makes the mistake of using a few bad apples to state the whole industry is corrupt. The vast majority of hedge funds … Read more »
The Role of Compliance in Criminal Cases
Plan Now or Pay Later. Compliance failures are expensive. Failures result in big fines, expensive investigative costs and expensive legal fees. Plus you end up diverting valuable management resources from managing the business to managing the damage. Executives would much rather be sitting in the boardroom than in a deposition. Compliance has become a key … Read more »