In this issue, we highlight the SEC Enforcement Director’s recent remarks regarding the Division’s enforcement priorities, which include private fund related misconduct.

Litigation

New SEC Enforcement Director highlights Division priorities

In his remarks to the Managed Funds Association Legal & Compliance Conference, David Woodcock, the Director of the SEC’s Division of Enforcement, outlined several priority areas for enforcement, including breaches of fiduciary duties by advisers misusing client assets and misconduct involving private funds.  The Director stated that the Division remains active in the investment adviser space, and noted specifically that the Division is monitoring the situation around private credit.  For further information, please see our recent client update on this topic.

If you have any questions regarding the matters covered in this publication, please reach out to any of the lawyers listed below or your usual Davis Polk contact.

This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post