Jason Daniel

Apr 22, 2024 | mondaq.com | Peter Altman |Michael Asaro |Brian Daly |Jason Daniel

On April 12, 2024, the U.S. Securities and Exchange Commission imposed fines and other sanctions on five registered investment advisers (RIAs) for violations of the Investment Adviser Marketing Rule (Rule 206(4)-1), which has now been in effect for nearly a year and a half. All five firms agreed to settle the SEC's charges, resulting in aggregate fines of $200,000. Hypothetical Performance. Each of the settled cases focused on a single hypothetical performance-related deficiency.

Apr 4, 2024 | mondaq.com | Barbara Niederkofler |Jason Daniel

In this first part of a three-part series, we provide an overview of the Adopted Rules, Proposed Rules, Recent Enforcement Actions, and approaching or recent Compliance Dates for Adopted Rules. It covers the regulatory updates that have been implemented and enforced in the recent past, giving listeners a comprehensive understanding of the current regulatory landscape. The content of this article is intended to provide a general guide to the subject matter.

Apr 4, 2024 | opalesque.com | Brian Daly |Jason Daniel |Simon Ellis |Terence Rozier-Byrd

By: Brian Daly, Jason Daniel, Simon Ellis, Terence Rozier-Byrd|Akin GumpFundraising's Effect on DealmakingFundraising has been challenging over the past 12 months, primarily driven by the fact that distributions have slowed as a result of the lack of exit opportunities.

Nov 1, 2023 | lexology.com | Peter Altman |Michael Asaro |Katherine Goldstein |Parvin Moyne |Douglas Rappaport |Kaitlyn Tongalson | +3 more

On October 24, 2023, the Director of the Securities and Exchange Commission’s Enforcement Division, Gurbir S. Grewal, gave a keynote address to the New York City Bar Association’s 2023 Compliance Institute. This address, which was targeted primarily at compliance officers in the private funds space, represents a maturation in how the Enforcement Division views the role of the Chief Compliance Officer.

Sep 11, 2023 | mondaq.com | Peter Altman |Michael Asaro |Brian Daly |Jason Daniel

On September 6, 2023, the SEC Division of Examinations (EXAMS) released a Risk Alert highlighting critical areas of interest to any investment adviser—including how EXAMS selects what firms to examine, how EXAMS selects examination focus areas and how EXAMS selects documents to request.