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Virginia-based fund manager settles with SEC for fraud but faces criminal charges

Todd Hitt faces up to 20 years in prison on charges of misappropriating millions of dollars in investor funds to support an 'extravagant lifestyle' and make 'Ponzi-like' payments.

Key SEC cybersecurity policy advisor to leave

Christopher Hetner, a senior advisor to the agency’s chairman, has worked to strengthen cyber incident response planning and threat intelligence capabilities.

The VSS case is a wake-up call for GP-led deals

The secondaries market has come a long way; best practice around managing conflicts of interest has some way to go.

Elad Roisman sworn in as SEC commissioner

The Trump-appointee fills a position vacated by Michael Piwowar in July.

VSS restructuring ends with $200,000 SEC sanction

The SEC alleges the firm withheld information on an updated net asset value for stakes in its Fund III before a sale.

PE cannabis fund goes up in smoke on SEC charges

More than $3.3m was allegedly raised using boiler room tactics such as cold calling, with promises of as much as 24% annual investment returns.

SEC’s Volcker Rule revision plan seen as paving return for banks to back PE

The regulatory agency is seeking comment on proposals to ease restrictions that prohibit banks from investing in private equity funds.

GPs abusing ‘hedge clauses’ to dodge fiduciary duty: ILPA

An LP lobby group says a change in Delaware law and an SEC no-action letter unleashed a 'perfect storm' to the detriment of private fund investors.

The one rule you need to tell your staff about now

Mid-term elections are approaching; now’s the time to remind your staff about the SEC’s view on campaign contributions.

SEC veteran appointed new OCIE deputy director

Kristin Snyder replaces another longtime SEC officer, Jane Jarcho, who is retiring at the end of August.

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