SEC Sanctions Private Fund Manager and Two Principals for Improperly Valuing Assets and Related Violations Contributor(s) The Securities and Exchange Commission recently settled an enforcement action against a private fund manager and two of its principals for violations of the Investment Advisers Act of 1940 related to improper valuations of fund assets and custody rule violations arising out of such actions. This alert summarizes several observations from the settlement. More from the Private Equity Blog Copyright © 2020 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Beijing, Boston, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Princeton, Shanghai, Silicon Valley, and Washington, D.C. |
