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SEC Proposes New Transparency Requirements for Private Fund Advisers

SEC Proposes New Transparency Requirements for Private Fund Advisers

The Securities and Exchange Commission (SEC) issued a proposed rule under the Investment Advisers Act of 1940 that would bring new audit and reporting requirements as well as prohibit certain actions. The SEC stated that the proposed reforms are to “protect private fund investors by increasing…

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The Rise of Non-Traditional IPOs: SPACs and Direct Listings

The Rise of Non-Traditional IPOs: SPACs and Direct Listings

The disruption and uncertainty in the market caused by recent events has forced many companies to re-evaluate and re-assess their Initial Public Offering (IPO) approach. While 2020 started off with strong activity in IPO markets around the world, Q2 2020 activity dropped off by 48% in volume…

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SEC Amends the “Accredited Investor” Definition

SEC Amends the “Accredited Investor” Definition

Last week, the SEC amended its definition of “accredited investor” to open the private markets to certain additional groups of retail investors.

Alternative investment funds such as hedge funds, private equity funds, real estate funds and venture capital funds will now have access to a…

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