SEC Expands Priorities – Focus on Valuation
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) previously named valuation practices as one of its areas of focus in both investment advisor and investment company examinations and recently again highlighted valuation as one of its examination priorities for 2014. On January 9, OCIE published its examination priorities for 2014 under its National Examination […]
SEC Increases Scrutiny of Valuation of Alternative Fund Investments
SEC Increases Scrutiny of Valuation of Alternative Fund Investments A recent Wall Street Journal article highlights that the U.S. Securities and Exchange Commission and other regulators are increasing scrutiny of how alternative funds, including hedge funds, value their investments in illiquid holdings, noting that unscrupulous fund managers may falsely inflate values. As the primary regulator […]