SEC Actions: Fund Investment “Mispricing” & “Mismarking” Cases 2022
Overview: The SEC’s Division of Examinations (“DOE”), formerly known as the Office of Compliance Inspections and Examinations (“OCIE”), has continued to increase focus on valuation practices for investment advisor and investment company examinations. As discussed in recent Risk Alerts posted by DOE, best practices and procedures that can help meet greater SEC regulation and scrutiny […]
Joe Brennan, Vice President, Joins Houlihan Capital’s Valuation & Financial Advisory Group
Houlihan Capital is pleased to announce our newest addition to the team, Joe Brennan, CPA, as Vice President in Houlihan Capital’s Valuation & Financial Group. Joe Brennan is a Vice President in the firm’s Valuation and Financial Advisory Group, where he helps perform valuation work that covers financial reporting, tax, strategic planning, and fairness opinions. […]
SEC Discusses Valuation in Proposed Rules 2022
On February 9, 2022, the Securities and Exchange Commission (“SEC”) voted to propose new rules and amendments under the Investment Advisers Act of 1940 (Advisers Act) to enhance the regulation of private fund advisers and to protect private fund investors by increasing transparency, competition, and efficiency in the $18-trillion marketplace.(1) The proposed rules would increase […]
The SEC’s Division of Examinations Discusses Valuation in October 2021 Risk Alert
The SEC’s Division of Examinations (the “Division” – formerly known as OCIE) has issued a new Risk Alert (the “Alert”)(1) regarding Observations from Examinations in the Registered Investment Company Initiatives (“RIC Initiatives” or (“Initiatives”)(2). In November 2018, the Division announced the Initiatives which would assess industry practices and regulatory compliance in certain areas that may […]
WEBINAR RECORDING: Understanding the SEC’s New Framework for Fund Valuation
Paul Clark, Head of Valuation at Houlihan Capital, recently joined Aspect Advisors and Weaver for a virtual discussion of the requirements of the SEC’s new Rule 2a-5 and shared best practices for compliance, accounting and valuation for funds. Topics discussed: Overview of SEC’s Rule 2a-5, Newly Adopted Framework for Fund Valuation Practices Perspectives from compliance, […]