Doug Cornelius on compliance for private equity real estate
Twitter is stream of random thoughts, news, insightful commentary, boring stories, humor, sadness, food pictures, hate, love, and cat pictures. The internet as a whole. At least a few traders have used Twitter as stock pricing indicator. Theoretically, that means stories could be planted that would move the stock price of a company. One trader … Read more »
These are some of the compliance-related stories that recently caught my attention. Definition of Materiality Depends Who You Ask by Emily Chasan in the Wall Street Journal As CFO Journal reported on Tuesday, at least half a dozen standard setters, including the accounting rule makers, Securities and Exchange Commission and stock exchanges, have some guidelines … Read more »
When the Securities and Exchange Commission announced last year that it was not happy with the fees private equity funds were charging and how they were disclosed (or not disclosed) to investors, we expected enforcement cases to follow. They are here. The latest is against Fenway Partners for failing to disclose conflicts of interest to … Read more »
Last year, the U.S. Securities and Exchange Commission looked at how many private equity firms calculate net of fees internal rates of return for their funds. The focus was on whether the performance figures disclosed if general partner investments are included in or excluded from that calculation. General partners in a private equity fund typically … Read more »
Congratulations to the Kansas City Royals on winning the World Series. It was their first World Series in thirty years and a year after their heart-breaking loss in Game 7. Mrs. Compliance Building is from Kansas City and ecstatic about the club’s turnaround. The Mets faltered last night because of emotion. Starting pitcher Matt Harvey … Read more »
These are some of the compliance-related stories that caught my attention while getting ready for Halloween! The Results Are In – SCCE’s 2015 Salary Survey Report Is Now Available by Adam Turteltaub in SCCE’s Compliance & Ethics Blog The Society of Corporate Compliance and Ethics (SCCE)® is pleased to be able to provide you with … Read more »
Real estate is the standard for hard to value assets. But there are plenty of models to help reach a reasonable value. The Securities and Exchange Commission has apparently taken the position that it will not challenge absolute valuations, but will challenge flaws in the models that get to the value. A recent SEC case … Read more »
I hate Black Friday. Being at a store in a sea of sleep-deprived shoppers to find bargains would likely make me lose a little faith in humanity. REI, the outdoor retailer, decided to stand behind its core value: “We believe a life outdoors is a life well-lived.” While the rest of the world is fighting … Read more »
You have likely heard all or some of these concerns before. Securities and Exchange Commission Chair Mary Jo White spoke at a meeting of the Managed Funds Association and pointed out areas of concern. One thing to note is Chair White stated that the Private Funds Unit in OCIE is completing a review of private … Read more »
These are some of the compliance-related stories that recently caught my attention. Two Games about Gifts for Corporate Compliance & Ethics Week by Ricardo Pellafone in SCCE’s The Compliance & Ethics Blog You know that your employees are competitive, so you know that a game show is more engaging than a Powerpoint lecture. But you’ve … Read more »