The SEC’s Enforcement Actions Against Private Equity and Hedge Funds

In this video, co-chair of the firm’s securities & futures enforcement group Eva Carman examines the SEC’s recent focus on private equity and hedge fund exams, as well as the primary issues at play with regard to fees and expenses. “One of the most critical things that a firm can do now before the SEC comes through the door is to do an assessment of their fee and expense practices to determine whether [they] appear consistent with their agreements, and also whether or not they appear to give rise to any issues that have come out in any recent enforcement cases,” said Ms. Carman, who is based in Ropes & Gray’s 300-attorney New York office.