A LawFlash authored by partners Christine Lombardo and Joseph Zargari and of counsel Sarah Riddell was republished by TabbFORUM. In the piece, they provide an overview of theUS Securities and Exchange Commission’s proposed new rules that would significantly impact the industry, including the Commission’s proposal for investor reporting and investment advisor documentation to protect private fund investors. “The proposals represent a significant overhaul of the private fund industry’s regulatory regime,” they write. Not only do the proposed amendments impose “burdensome compliance monitoring and reporting obligation,” but “the investor reporting proposal would cause advisers to rethink how they charge funds for certain fees and expenses and how they report to investors,” they explain.
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