broker

SEC ponders whether sponsors are broker-dealers

In April of last year, David Blass, chief counsel for the Division of Trading and Markets at the U.S. Securities and Exchange Commission, gave a speech in which he warned that private equity funds might be required to register as broker-dealers in connection with their fundraising activities as well as charging transaction-related fees from their portfolio companies.

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For VCs, SEC Ruling Should Make Fundraising a Bit Easier

The lifting of the ban on general solicitations will likely have the biggest impact on emerging managers seeking new limited partners. But even established VCs should benefit from the change, at the very least because it means they can now publicly discuss fundraising plans.

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FundersClub Receives No Action Letter From The SEC

FundersClub said it received a no-action letter from the Securities and Exchange Commission. The letter suggests that the SEC will not take action against venture capital advisers who are not registered at broker dealers, the company said.

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SEC Puts Private Equity In Its Sights

An official in the enforcement division of the Securities and Exchange Commission said last month that the agency has its eye on several industry practices that could disadvantage investors, such as the charging of deal fees and the cherry-picking of deals.

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