{"id":5617,"date":"2014-04-09T00:00:00","date_gmt":"2014-04-09T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/04\/ssec_says_at_least_200_private"},"modified":"2022-05-05T12:20:31","modified_gmt":"2022-05-05T17:20:31","slug":"ssec-says-at-least-200-private","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ssec-says-at-least-200-private\/","title":{"rendered":"SEC Says At Least 200 Private-Equity Firms Imposed Bogus Fees"},"content":{"rendered":"\n

According to the US Securities and Exchange Commission, over half of the approximately private-equity firms<\/a> that it examined have charged unjustified expenses and fees to investors without their knowledge. The regulator\u2019s findings are from its review of the $3.5 trillion industry. <\/p>\n

It was the 2010 Dodd-Frank Act that gave the SEC more oversight over money managers, which allowed the agency to scrutinize some firms for the very first time. By the end of 2012, examiners had discovered that certain advisers were wrongly collecting money from companies included in their portfolio, improperly calculating fees, and using assets from the funds to pay for their own expenses. Bloomberg <\/em>reports that a source in the know about the regulator\u2019s findings said that while some of the issues seem to stem from mistakes, others might have been intentional. <\/p>\n

SEC to Look Even More Closely At Private Funds <\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to the US Securities and Exchange Commission, over half of the approximately private-equity firms that it examined have charged unjustified expenses and fees to investors without their knowledge. The regulator\u2019s findings are from its review of the $3.5 trillion industry. It was the 2010 Dodd-Frank Act that gave the SEC more oversight over money […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3928,3760,3761],"tags":[],"class_list":["post-5617","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"\nSEC Says At Least 200 Private-Equity Firms Imposed Bogus Fees — Investor Lawyers Blog — April 9, 2014<\/title>\n<meta name=\"description\" content=\"According to the US Securities and Exchange Commission, over half of the approximately private-equity firms that it examined have charged unjustified — April 9, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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