Another Cco Gets Harsh Lesson For Faking Records; Private Fund Valuations, Performance Fee Calculations And Custody Practices Remain Under The Microscope; And When Self-reporting Can Pay-off: Lessons Learned And Worth Reading For November 2020 | Hardin Compliance Consulting Llc

by jdsupra.com posted 7months ago 11 views
RIA/BD CCO Charged with Providing Fabricated Compliance Documentation. In this case, SEC examiners requested compliance reviews related to the fund’s decision to invest in the securities of a company shortly before that company’s acquisition was announced. The CCO represented to the SEC that those reviews had been completed prior to the hedge fund’s investment in the company’s securities. The SEC, however, alleged that after failing to conduct and document such reviews as requested by her...By: Hardin Compliance Consulting LLC.

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