A recent Risk Alert issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE) has found “deficiencies” and possible conflicts of interest in the actions of private equity and hedge fund advisors that might have “caused investors in private funds … to pay more in fees and expenses than they should have or resulted… Read More >>
SEC Slams KKR for ‘Broken Deal’ Expenses
The SEC is charging private equity firm Kohlberg Kravis Roberts & Co. (KKR) with misallocating “more than $17 million” in broker-dealer expenses via its flagship private equity funds, citing a breach of its fiduciary duty, officials say. KKR manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies,… Read More >>
SEC’s Head of Examinations to Leave
Andrew “Drew” Bowden, the director of the Office of Compliance Inspections and Examinations (OCIE), will step down by the end of this month and will return to the private sector, according to the SEC. Bowden’s time with the SEC began in November 2011 when he joined the regulator to serve as OCIE’s National Associate for… Read More >>
