The U.S. is investigating Allianz SE, for possible
bribery by a German printing press company in which it holds a majority stake
according to a story
by Joe Palazzolo in WSJ.com's Corruption Currents .
The Foreign Corrupt Practices Act bars...
The European Parliament has approved the Directive on
Alternative Investment Fund Managers. European countries will now be setting up
a framework for regulating hedge funds and private equity funds. The AIRM Directive passed with 513 votes to 92 with...
The Securities and Exchange Commission proposed a new
rule that would require advisers to private funds to report information for use
by the Financial Stability Oversight Council in monitoring risk to the U.S.
financial system. Sections 404
One of the struggles with implementing a compliance
program for a private equity fund is that the Investment Advisers Act is targeted at retail operations
dealing with relatively liquid investments. Neither fits well with the private
equity model of...
If you are looking for a good guide to help your private equity compliance program, PEI Media's US Private Equity Fund Compliance Guide is a good place to start. There have been a few changes since its publication in 2010. PEI Media has just published...
The SEC filed its first action involving a private equity fund and broken deal expenses. By the time the Commission discovered the question the firm realized it did not have a disclosure policy, retained a consultant to study the issue and adopted a policy...
The SEC’s Asset Management Unit continues to review and analyze fees, expenses and the related disclosure at private equity firms. The Unit has encouraged advisers to self-report these issues. The most recent action emanating from the review involves...
According to a story in Investment
News , the Securities and Exchange Commission began a sweep of
investment advisers' use of social media and social networking last month.
The story has a quote from Doug Flynn, an adviser at
Flynn Zito Capital...
In a Wall
Street Journal (WSJ) article on December 22, 2010 by Joe Palazzolo, he
reported that the Securities and Exchange Commission (SEC) is investigating
Europe's largest insurer, Allianz SE, for possible bribery by a German printing