On August 15, 2025, the SEC charged a New York-based private equity adviser with breaching its fiduciary duties under section 206(2) of the Investment Advisers Act of 1940. The case centered on failures to properly disclose fee practices and to apply management fee offsets as required. The adviser agreed to resolve the matter,
What
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
