Are More Private Equity Enforcement Actions On the Horizon

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The SEC has traditionally targeted private equity funds far less than hedge funds when it comes to enforcement.  That may be about to change.

In recent remarks at the Private Equity International Conference in New York, Bruce Karpati, Chief, SEC Enforcement Division’s Asset Management Unit, gave some clues as to what may lie ahead for private equity, an industry in which many advisers are just now falling under the purview of the SEC.  “As a result of these developments, it’s not unreasonable to think that the number of cases involving private equity will increase,” Karpati stated.

In the speech, Karpati outlined the agency’s top concerns about industry practices:

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Published In: Business Organization Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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