Regulation

The new rules are softer than the original proposal, but they still impose rigid disclosures on exempt advisers.

Limited partners in venture capital, buyout and other private funds may be at risk of having their names disclosed if proposed changes to federal pre-merger filing requirements are approved, attorneys said.

The regulator said that from August 2017 through April 2021, Insight charged excess management fees by inaccurately calculating management fees based on aggregated invested capital at the portfolio company level instead of at the individual portfolio investment security level.

Many of the nation's largest venture capital firms must adhere to new rules adopted today by a divided U.S. Securities and Exchange Commission.

If a storied venture firm like Sequoia is scrutinizing its due diligence practices, other firms would do well to do the same.

Any VC firm that thinks it doesn't have to worry about the SEC because it's an 'exempt' reporting adviser should think again. The feds are paying closer attention to ERAs and bringing more enforcement actions.

The SEC brought what appears to be a record number of enforcement actions against exempt reporting advisers in 2022, write attorneys for Goodwin Procter.

Vika allegedly told investors it would invest their money into "highly sought-after pre-IPO companies," but the firm's CEO instead spent the investors' money on "private jets, expensive watches and lavish travel," the SEC claims.

New SEC marketing rules are expected to have a big impact on fundraising efforts by buyout funds, but our research found fewer than 20 VC firms will be affected.

New research by Venture Capital Journal shows 19 venture capital firms that are registered investment advisors. See the complete list.