Anthony M. Drenzek
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Last week, the staff of the SEC’s Office of Compliance Inspections and Examinations (OCIE) recently released its sixth annual examination priorities announcement. The alert lays out general issues industry can expect OCIE to focus on during the administration of the agency’s examination program in 2018. While reflecting a renewed emphasis of SEC Chair Jay Clayton … Continue Reading
On January 12, 2017, the staff of the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) released its annual announcement on examination priorities in the coming calendar year. The 2017 examination priorities are organized around three thematic areas: (i) examining matters of importance to retail investors; (ii) focusing on … Continue Reading
On June 1, 2016, the U.S. Securities and Exchange Commission announced a $3.12M settlement with Maryland-based registered investment adviser, Blackstreet Capital Management, LLC, and its managing member and principal owner, Murry N. Gunty. The SEC’s finding that Blackstreet acted as an unregistered broker-dealer in portfolio company transactions highlights the regulatory focus on broker registration for … Continue Reading
Yesterday, SEC Director of Enforcement Andrew Ceresney gave a keynote address on Private Equity Enforcement. In his remarks, Ceresney reiterated the SEC’s view that private equity is and will be a key enforcement area, and detailed recent actions showing the Commission’s particular focus on undisclosed fees and expenses and on increasing transparency in the industry. … Continue Reading
On November 3, 2015, the Securities and Exchange Commission (SEC) announced that it had reached a settlement with Fenway Partners, LLC, a New York-based private equity firm, and several of the firm’s executives (the Respondents) in connection with a failure to disclose conflicts of interests to investors with respect to payments made by portfolio companies of … Continue Reading
SEC Staff Announces 2018 OCIE Examination Priorities
By Joshua M. Newville and Anthony M. Drenzek on Posted in Hedge Funds, Securities Law, Securities Regulatory
SEC Staff Announces 2017 OCIE Examination Priorities
By Anthony M. Drenzek on Posted in Hedge Funds, Private Investment Funds, Securities Law
SEC Announces Settlement with Adviser Found to Have Acted as an Unregistered Broker and Engaged in Conflicted Transactions
By Anthony M. Drenzek on Posted in Broker-Dealer, Securities Law
SEC Increases Focus on Private Equity Enforcement
By Anthony M. Drenzek, Joshua M. Newville and Sigal Mandelker on Posted in SEC Enforcement
SEC Charges Private Equity Firm and Four Executives with Failing to Disclose Conflicts of Interest
By Anthony M. Drenzek, Michael Suppappola, Sean J. Hill and Timothy W. Mungovan on Posted in SEC Enforcement
