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Tag Archives: Rule 506

West LegalEdCenter Webcast – FINRA Actions and the Due Diligence Obligations of Broker-Dealers in Private Placements

Posted in Broker-Dealer Regulation, Enforcement, Events, FINRA Enforcement, SEC Enforcement

Morrison & Foerster partners, Ze’-ev D. Eiger and Daniel A. Nathan, presented West LegalEdCenter’s Webcast, “FINRA Actions and the Due Diligence Obligations of Broker-Dealers in Private Placements,” on October 29, 2013 at 1:00 p.m. EST. This one hour session focused on the due diligence obligations of broker-dealers in private placements amidst increased scrutiny from FINRA,… Read More

Mary Jo White to Private Funds: Embrace the New Era of Transparency

Posted in Fund Regulation, Investment Adviser Regulation

In remarks to the Managed Funds Association, SEC Chair Mary Jo White encouraged hedge funds to embrace increased transparency under post-financial crisis rules and justified the SEC’s expanded jurisdiction, rule-making and enforcement efforts involving private funds. White reported that, since the passing of the Dodd-Frank Act and the JOBS Act, private funds and their advisers… Read More

SEC to Focus on Private Fund Adviser Compliance Procedures in Rule 506(c) Offerings

Posted in Fund Regulation, Investment Adviser Regulation

With general solicitation and general advertising on the horizon, private fund advisers should review their policies and procedures to determine whether they are reasonably designed to prevent the use of fraudulent or misleading advertisements, said Norm Champ, the Director of the SEC’s Division of Investment Management, in remarks today before the Practicing Law Institute in… Read More