On August 15, 2025, the SEC charged a New York based private equity adviser with breaching its fiduciary duties under Section 206(2) of the Investment Advisers Act of 1940. The case centered on failures to properly disclose fee practices and to apply management fee offsets as required. The adviser agreed to resolve the matter, paying over $683,000 in disgorgement, penalties, and interest. <\/p>\n\n\n\n
Read more here<\/a>, including important compliance takeaways. <\/p>\n","protected":false},"excerpt":{"rendered":" On August 15, 2025, the SEC charged a New York based private equity adviser with breaching its fiduciary duties under Section 206(2) of the Investment Advisers Act of 1940. The case centered on failures to properly disclose fee practices and to apply management fee offsets as required. The adviser agreed to resolve the matter, paying … Continue reading SEC Action Highlights Compliance Risks in Fee and Expense Practices<\/span>