On August 23, 2023, the U.S. Securities and Exchange Commission (“SEC”), by a party-line vote of 3-2, adopted new rules applicable to investment advisers to private funds (“Private Fund Advisers”) that address transparency,...more
9/6/2023
/ Audits ,
Books & Records ,
Broker-Dealer ,
Clawbacks ,
Compliance ,
Conflicts of Interest ,
Documentation ,
Enforcement Actions ,
Fees ,
Fiduciary Duty ,
Hedge Funds ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Private Equity Funds ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Waivers
In three recent cases, the Texas Supreme Court has made it clear that for claims of "minority shareholder oppression" — essentially, acts of a majority shareholder group that are harmful to a minority shareholder without...more