Doug Cornelius on compliance for private equity real estate
These are some of the compliance-related stories that recently caught my attention. Image of Brick production in Songea, Tanzania is by Egbert SEC Says Dodd-Frank’s Statute of Limitations Doesn’t Apply to It by Ernest Badway in Securities Compliance Sentinel According to the SEC, the Dodd-Frank Act does not require the SEC to bring an enforcement … Read more »
These are my live notes from PEI’s Private Fund Compliance Forum. They are likely to be incoherent and full of typos. Expert networks. The risk in using them came to the surface in 2010 when an insider trading case came out with and expert network involved in the distribution of information. Law enforcement has come … Read more »
These are my live notes from PEI’s Private Fund Compliance Forum. They are likely to be incoherent and full of typos. Panel Member: Jason Mulvihill, General Counsel, Private Equity Growth Capital Council Joel Wattenbarger, Partner, Ropes and Gray A bill has passed the House that would exempt private equity fund advisers from registration. It’s unlikely … Read more »
These are my live notes from PEI’s Private Fund Compliance Forum. They are likely to be incoherent and full of typos. AIFMD is a difficult topic. Transitional regime. It’s just about over; it expires at the end of July 2014. They don’t work in France. They work well in the UK. Germany is in the … Read more »
These are my notes, live from the conference. One of the best tests is a mock exam. See how you stand up to simulated fire. It’s a good practice to see how people respond under the interview process from a regulator (or mock regulator). How often should you do a third party review? Annually is … Read more »
These are my notes, live from the conference. Please excuse a more numerous supply of typos. Drew Bowden, the Director of the SEC’s Office of Compliance Inspections and Examinations (These are his views and not necessarily the views of the SEC. His speech is posted on the SEC website: Spreading Sunshine in Private Equity.) He … Read more »
These are my notes from this session at PEI’s Private Fund Compliance Forum. The SEC is developing an approach of zero tolerance for non-compliance. Private funds are challenging because there are some that have been registered fro many years and many that have only been registered for two years. The SEC is learning more about … Read more »
It’s an old meme, but it made me laugh. Read more »
If someone approaches you about investing in a Prime Bank investment program, walk away. Do not give them your time or money. It’s a scam. The Securities and Exchange Commission shut down another one of these scams. Unfortunately, the investors lost at least $1.2 million before the SEC could step in. According to the complaint, … Read more »
These are some of the compliance-related stories that recently caught my attention. Kara Stein Takes On Mary Jo White in the Corporate Crime Reporter In a 3 to 2 decision last week, Mary Jo White joined the SEC majority and overturned the automatic disqualification of the Royal Bank of Scotland from eligibility as a Well-Known … Read more »