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SEC Initiatives Directed at Private Equity

Friday, February 8, 2013

The Chief of the Asset Management Unit in SEC Enforcement gave a speech on January 23, 2013 concerning their initiatives directed at private equity. The areas of concern discussed included valuation, insider trading and conflicts of interest that can lead to misappropriation, deal cherry-picking and other areas of misconduct. The SEC appears to have developed a level of expertise in the private equity space that was absent when registration requirements were introduced. The speech also outlined various cases the SEC has brought against private equity firms and other private fund firms that had similar issues. To read the full speech please click here.