SEC continues to focus on ‘fair value’ practices of investment advisers - .PDF file.
The media has been shining a strong spotlight on SEC insider trading cases, but in recent years, with much less fanfare, the SEC has brought nearly three times as many cases against investment advisers.
Between 2009 and 2013, the number of enforcement cases against investment advisers nearly doubled. Over the last two years, they accounted for the largest single segment of cases brought by the SEC.
These trends show no signs of abating. As Bruce Karpati, the former head of the SEC Enforcement Division’s Asset Management Unit (AMU), warned earlier this year at a private-equity forum, ‘it’s not unreasonable to think that the number of cases involving private equity will increase’, and similar developments can also be seen in other areas within the alternative investment funds space…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.