SEC Scrutinizing Private Equity Performance Figures

By George Jennison What is Happening: The alternative investment industry is under pressure to simplify its fee and expenses structures, making their performance figures more intelligible to investors. As part of this increased scrutiny, the SEC is now examining how private equity firms report how they calculate average net returns in past funds in their… READ MORE

SEC Releases Findings of Broker Dealers Involved in Sale of Securities of Microcap Companies

By: Evan Rosser What’s Happening: On October 9, 2014, the SEC released findings from its examination of 22 broker-dealers identified as being frequently involved in the sale of the securities of microcap companies. Specifically, the SEC evaluated compliance with the firms’ obligations to (1) perform a “reasonable inquiry” in connection with customers’ unregistered sales of… READ MORE

Evan Rosser in Investor News Article FINRA Expected to Adopt CARDS Despite Vocal Industry Resistance

Evan Rosser, Senior Consultant at Oyster Consulting LLC and former Vice President and Director of Enforcement at FINRA and its predecessor, the National Association of Securities Dealers, was recently quoted in a November 16 Investor News article discussing the likelihood of FINRA adopting CARDS, an automated tracking system to detect abusive broker conduct. While some… READ MORE