Released on: Mar. 28, 2013
Taken from the briefing SEC Focus on Asset Valuation: What Fund Managers Should Know recorded March, 2013.
For the past year, top officials of the Securities and Exchange Commission (“SEC”) have repeatedly identified the valuation of illiquid assets held by registered funds and private equity and hedge funds as one of the regulatory agency’s top five areas of enforcement and examination focus. In a December action, the SEC charged ...