Doug Cornelius on compliance for private equity real estate
A mentioned two weeks ago that the Securities and Exchange Commission was looking at private fund managers who failed to Form PF. That is now official and the SEC announced enforcement actions against 13 private fund managers. The SEC’s orders are against: Bachrach Asset Management Inc. Biglari Capital LLC Brahma Management Ltd. Bristol Group Inc. … Read more »
The Securities and Exchange Commission proposed a new rule that would require advisers to private funds to report information for use by the Financial Stability Oversight Council in monitoring risk to the U.S. financial system. Sections 404 and 406 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires the SEC to gather this … Read more »