SEC Charges Manager Of Private Equity Fund With Violation Of The Custody Rule
By EsqSocial Corporation 12/11/13
The SEC has settled an administrative action with the managing member of a fund of private equity funds. In an examination the SEC staff learned that the manager was violating the custody rule (Rule 206(4)-2 under the Investment Advisers Act)...
By: Leonard, Street and Deinard - Dodd-Frank and