These are some of the compliance-related stories that recently caught my attention. The Unsophisticated Sophisticated: Old Age and the Accredited Investors Definition by Tao Guo, Michael S. Finke and Chris Browning in the CLS Blue Sky Blog Using two large nationally-representative data sets that include financial literacy tests, we find that financial literacy scores decline […]
About Doug Cornelius
The Securities and Exchange Commission brought an action against Blackstone for failing to disclose fees received from portfolio companies and for discounts from legal firms that it worked with, but without passing these savings on to investors. The monitoring fee issue has been discussed in compliance circles for some time. The legal fees action is […]
The Chair of the Securities and Exchange Commission offered a sneak peak of upcoming regulations. Mary Jo White was speaking at the 75th Anniversary Celebration: Investment Company and Investment Advisers Acts and offered a few tidbits. Chair White spoke about the history of the Acts and offered a glimpse into the future: Today, as many […]
These are some of the compliance-related stories that recently caught my attention. The Curious Incident of the ‘Life Coach’ and the Press Release by Bruce Carton in Compliance Week As I’ve observed before, the SEC loves to craft press release headlines that feature defendants’ interesting or high-profile jobs. For example, past SEC headline highlights […]
Some Securities and Exchange Commission cases catch my attention because of their headlines or their focus on a real estate investments. The case against Lee Dana Weiss caught my attention because it was from my home town. The story is one of alleged self-dealing and failure to disclose conflicts. In a complaint filed in U.S. […]
Strong rulemaking is central to the mission of the Securities and Exchange Commission. Transparency to the process is important so the affected parties can provide input and see changes coming. To help with mission and to improve transparency, the SEC launched a new database intended to provide better transparency. I applaud any effort the SEC […]
The SEC is hosting a conference Tuesday, September 29 to commemorate the 75th Anniversary of the Investment Company Act and the Investment Advisers Act. The event will include remarks from SEC Chair Mary Jo White and fellow commissioners, as well as a series of panel discussions featuring industry pioneers, former SEC chairmen and division directors, […]
There has been much written about the problems with the Securities and Exchange Commission adjudicating cases in its own administrative law courts. The SEC launched a proposal to change the rules for the SEC’s administrative proceedings to adjust the tilt of the home-court advantage. It’s clearly a move to limit the problems with the use […]
Last week the Securities and Exchange Commission issued a new risk alert on cybersecurity and this week the SEC announced a new action for a cybersecurity breach. The action is just as bad as I thought it could be. It also shows that the SEC is misplaced in being a cybersecurity enforcer. R.T. Jones Capital […]
These are some of the compliance-related stories that recently caught my attention. A Hill To Die On By Donna Boehme in SCCE’s Compliance & Ethics Blog Of the thousands of decisions that must be made in the course of designing and implementing a meaningful compliance program to cover all of an organization’s top risks, what […]
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Dodd-Frank’ed Real Estate
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