Strictly Business
A legal blog on private funds, startups, and venture capital.
Strictly Business
A legal blog on private funds, startups, and venture capital.
Category Private Equity and Hedge Funds
SEC Proposes Overhaul of Cybersecurity Regulations for Private Fund Advisers
On February 9, 2022, the Securities and Exchange Commission (SEC) issued a new proposed rule that would overhaul the cybersecurity regulations for registered investment advisers, registered investment companies, and funds. This post focuses on the provisions that impact private fund advisers.
Summary of the SEC’s New Proposed Rules Impacting Private Funds
On February 9, 2022, the Securities and Exchange Commission (SEC) proposed significant changes to, and expansion of, regulations of advisers to private funds. he new proposed rules are the most significant changes to the regulation of private fund advisers since SEC's rules requiring them to register became effective in 2012. This post summarizes the proposal.
What is a Private Placement Memorandum?
A Private Placement Memorandum, or "PPM," is a disclosure document often used in connection with a private offering of securities. This article explains why a PPM is commonly used and overviews what is typically included in a PPM.
SEC Updates Definition of Accredited Investor
On August 26, 2020, the Securities and Exchange Commission adopted amendments to the definition of “accredited investor.” The amendments, among other things, added to the list of individuals who qualify as accredited investors.
Handling Trade Errors: Best Practices for Private Fund Advisers
The best way for advisers to minimize the costs of trade errors is to accept that such errors occur and create a sound plan of action for when they do.
