Investment Management Regulatory Update - August 2017
Client Newsletter

Created date


Rules and Regulations

  • SEC Staff Releases FAQs on Investment Company Reporting Modernization Reforms
  • SEC’s Acting Director of OCIE Says Private Equity May Be Less of a Priority Ahead
  • SEC Confirms That Some Initial Coin Offerings Are Illegal Unregistered Securities Offerings

Industry Update

  • SEC Chairman Discusses Guiding Principles, Priorities in First Public Speech since Taking Office
  • SEC Releases Results of Audit of OCIE’s Investment Adviser Examination Completion Process
  • SEC Commissioner Publishes Comment Letter Criticizing DOL Fiduciary Rule
  • DOL Takes Steps to Delay Certain Aspects of Fiduciary Rule, but Key Rules for Funds Remain
  • ILPA’s Letter to Treasury on Private Equity Regulation


  • SEC Charges Adviser with Failing to Register as Investment Adviser and Inflating Asset Valuations, among Other Violations
  • SEC Sanctions Adviser and Two Principals for Improper Asset Valuations of Private Funds
  • Delaware Supreme Court’s Ruling in DFC Global Provides Important Clarity on the Role of Deal Price and the Sale Process in Appraisal Proceedings