A venture capital fund adviser settled SEC charges for miscalculations that resulted in the payment of excessive management fees to two funds.
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The North American Securities Administrators Association urged investors to be cautious of "finfluencer" marketing on social media.
The SEC adopted rule and form amendments to require certain financial documents to be filed electronically through the EDGAR and Investment Adviser Registration Depository systems.
The SEC reopened the comment periods for proposals to (i) expand the scope of Regulation ATS and (ii) expand regulation of private fund advisers. As outlined in a notice in the Federal Register, comments for both proposals are now due by June 13, 2022.
A bipartisan group of 47 members of Congress urged SEC Chair Gary Gensler to extend the comment period on its Private Funds Advisers and Form PF proposals to at least 90 days post-publication in the Federal Register.