SEC Nails Unregistered Fund Adviser for Charging 23% of Capital as Fees: What Every LP Must Know
SEC Fraud: Unregistered Adviser Charged LPs 23% in Fees The SEC filed a complaint against an unregistered private fund adviser that paid itself more than $515,000 in management fees — equal to 23% of
SEC Raises Qualified Client Thresholds June 29: Who Gets Locked Out of Performance-Fee Funds
On June 29, 2026, the SEC's inflation-adjusted thresholds for "Qualified Client" status take effect under SEC Release IA-6961 , issued April 28, 2026. The new numbers are concrete: the
SEC and CFTC Open Comment Period on Derivatives Definitions: What Accredited Investors Need to Know
On June 18, 2026, the SEC and CFTC jointly issued Release 2026-57 , opening a 60-day public comment period on whether the current definitions of "swap," "security-based swap," and "mixed swap" under...
SEC's 2026 Exam Priorities Signal a New Era for Private Fund Oversight
TL;DR The SEC's Division of Examinations released its 2026 Examination Priorities in late 2025. For the first time since 2021, private fund advisers do not have their own standalone section. That d...
The Three SEC Investor Tiers Explained: Accredited, Qualified Purchaser, and QIB
TL;DR: The SEC classifies investors into three regulatory tiers. Accredited investors ($1M net worth or $200K income) access basic private placements and smaller hedge funds. Qualified purchasers ($5M
SEC and CFTC Cut Form PF Reporting Requirements: What Accredited Investors Lose
TL;DR: The SEC just proposed cutting the transparency requirement that helped protect private fund investors from systemic risk. The headline says reduced burden. The fine print says reduced
SEC Raises Qualified Client Threshold June 29: What Private Fund Investors Must Do Now
TL;DR: The SEC raised the qualified client threshold for performance-fee private funds on April 28, 2026. It takes effect June 29, 2026 — less than 4 weeks away. If you're investing in private equity
The SEC Just Proposed Cutting Private Fund Reporting — Here's the Part They're Not Highlighting
The SEC Just Proposed Cutting Private Fund Reporting — Here's the Part They're Not Highlighting TL;DR: On April 20, 2026, the SEC and CFTC jointly proposed rolling back Form PF — the main private…