Private Fund Update - June 2014 #2


In this issue:

- The 113th Congress

- The Administration

- Securities and Exchange Commission

- Association for Corporate Growth (ACG)

- Private Equity Growth Capital Council (PEGCC)

- Excerpt from Securities and Exchange Commission:

Private Equity Fund Charged with Violating Pay-to-Play Rules -

The SEC charged a private equity firm with violating federal "pay-to-play" rules by continuing to receive advisory fees from multiple public pension funds after one of the fund's covered associates had made political contributions in excess of the permitted amount. This is the first time that the SEC has brought a case under the pay-to-play rules, SEC Rule 206(4)-5.

Please see full newsletter below for more information.

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Topics:  Compliance, Enforcement, Enforcement Actions, Pay-To-Play, PEGCC, Private Equity, Private Funds, SEC

Published In: General Business Updates, Elections & Politics 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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