Observations from Examinations of Private Fund Advisers
On June 23, 2020, the U.S. Securities and Exchange Commission SEC Division of Examinations EXAMS issued a risk alert based on 5 years of examinations of registered investment advisers that manage private equity funds or hedge funds collectively “private fund advisers.
Exchange Commission D Private Fund Adviser Liability Division Of Examinations Inadequate Due Diligence On Important Service Providers Conduct Inconsistent Post Commitment Period
Source: natlawreview.com