Doug Cornelius on compliance for private equity real estate
Every compliance officers knows that undisclosed revenue sources at the expense of advisory clients is going to get their firm in trouble. (That’s probably not true. But If you’re a regular reader of Compliance Building, you know that it leads to trouble.) The latest charge comes against Criterion Wealth Management. The SEC’s complaint alleges that … Read more »
Frost Management Company was what seems like a typical venture capital fund complex that had raised five private funds and invested the capital in a portfolio of start-up companies. The SEC says it found undisclosed affiliate payments and brought a suit against Frost. Frost was an “exempt reporting adviser” with a filing from 2017. It … Read more »