Dodd-Frank.com

Social Media Fraudster Causes Knee Jerk SEC Reaction

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The SEC recently commenced an enforcement action against a registered investment adviser who allegedly “offered more than $500 billion in fictitious securities through various social media websites. For example, he used LinkedIn discussions to promote fictitious “bank guarantees” and “medium-term notes.”” Obviously a situation to be dealt with harshly.  We... Read More

Topics: Broker-Dealer, Investment Advisers, Litigation, Private Equity

SEC Updates Rulemaking Timetable

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The SEC has updated its Dodd-Frank rulemaking schedule.  Highlights of those rules slated for action in the January to June timeframe of 2012 are as follows: §952: Adopt exchange listing standards regarding compensation committee independence and factors affecting compensation adviser independence; adopt disclosure rules regarding compensation consultant conflicts §§953 and... Read More

Topics: Employment, Executive Compensation, Investment Advisers, Municipal Advisors, Public Companies and Securities

SEC Penalizes Investment Advisers for Compliance Failures—Lessons For Soon to be Registered Advisers to Private Equity and Hedge Funds

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The SEC announced three settled enforcement actions against registered investment advisers for compliance failures.  The alleged instances of noncompliance demonstrate the types of things the SEC will be looking for when it begins examinations of advisers to private equity groups and hedge funds which will be required to register under... Read More

Topics: Investment Advisers, Private Equity

The Details of Form PF

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The SEC has recently adopted final Form PF, which requires reporting of certain information by advisers to hedge funds and private equity groups, as required by the Dodd-Frank Act. The SEC believes Form PF, as adopted, addresses the concerns of many commenters so that the final Form will significantly reduce... Read More

Topics: Investment Advisers, Private Equity

SEC Adopts Reporting Requirements for Registered Hedge Fund and Private Equity Advisers

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The Dodd-Frank Act established the Financial Stability Oversight Council, or FSOC, for the purpose of monitoring risks to the stability of the U.S. financial system.  Working with other regulators, FSOC will gather information from many sectors of the financial system for this purpose. In order to assist FSOC in this... Read More

Topics: Investment Advisers, Private Equity