Under Regulation D Rule 506(c) of the Securities Act of 1933, private funds may generally solicit and advertise their offerings, but all purchasers must be verified as accredited investors before being allowed to invest. ...more
1/15/2026
/ Accredited Investors ,
Division of Corporate Finance ,
JOBS Act ,
New Guidance ,
No-Action Letters ,
Private Funds ,
Regulation D ,
Regulatory Requirements ,
Rule 506(c) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
The Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury (the “Treasury”), issued a final rule (the “Final Rule”), adding investment advisers to the definition of “financial...more
1/9/2026
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Financial Institutions ,
FinCEN ,
Investment Adviser ,
Recordkeeping Requirements ,
Registered Investment Advisors ,
Reporting Requirements ,
Suspicious Activity Reports (SARs) ,
Time Extensions
Hedge clauses are provisions in investment advisory agreements that aim to limit an adviser’s liability for certain actions or outcomes. The U.S. Securities and Exchange Commission (the “SEC”) has expressed the position that...more
2/14/2025
/ Contract Terms ,
Enforcement Actions ,
Fiduciary Duty ,
Indemnification Clauses ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Management ,
Liability ,
Private Funds ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
The U.S. Department of Labor’s (the “DOL”) amendment to the qualified professional asset manager (“QPAM”) prohibited transaction class exemption 84-14 (the “Exemption”) went into effect on June 17, 2024. Current QPAMs must...more