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 […]
Houlihan Capital – Certified in “Blockchain Fundamentals for Accounting and Finance Professionals”
Houlihan Capital is pleased to announce that we are certified in “Blockchain Fundamentals for Accounting and Finance Professionals”. This certificate is provided by the AICPA and CIMA. Houlihan Capital has significant experience in valuing digital assets since January 2018. We can help with the valuation process, including reviewing or drafting your valuation policy and with […]
The SEC’s View on SPAC Warrants
The Securities and Exchange Commission is stepping up scrutiny of special-purpose acquisition companies (“SPACs”). In various statements released over the last few weeks, the SEC has highlighted several financial reporting and governance issues raised by the merger of a SPAC and target company. Most recently, on April 12th, the SEC provided surprising guidance on the […]
The Division of Examinations Names Valuation as a Focus for Digital Asset Securities
On February 26, 2021, the SEC on behalf of the Division of Examinations (“Division”), formerly known as the Office of Compliance Inspections and Examinations (“OCIE”), released a Risk Alert(1) that provides observations to assist firms in developing and enhancing their compliance practices regarding the offer, sale, and trading of digital assets that are securities (“Digital […]