Dodd-Frank Litigation
SEC Charges Hedge Fund with 13D Violation
Investment Advisers, Litigation, Private Equity, Public Companies and Securities The SEC charged a hedge fund sponsor that manages private funds and separately managed accounts focused on global distressed, special situations, and opportunistic investing with failure to timely file a Schedule 13D. The hedge fund had previously reported its holding on Schedule 13G. The hedge fund had a senior managing director and portfolio manager that […] Read more →
SEC Targets Perqs in Another Enforcement Action
Employment, Executive Compensation, Litigation, Public Companies and Securities The SEC has targeted disclosure of executive perquisites in another settled enforcement action. According to the SEC, the issuer did not follow the Commission’s standard... Read more →
SEC Tags Private Equity Group for Accelerated Fees
Litigation, Private Equity The SEC entered into an agreed settlement with a private equity group for receiving accelerated fees without the consent of all necessary parties prior to the commitment of... Read more →
Supreme Court Finds Appointment of SEC ALJs Unconstitutional – What’s Next?
Litigation, Public Companies and Securities In Lucia v. Securities and Exchange Commission, the SEC brought an administrative action before one of its administrative law judges, or ALJ’s, against Raymond Lucia for... Read more →