Private Funds Regulatory Update — Compliance Roundup September 2020

Notwithstanding recent media reports asserting that the number of insider trading actions brought by the SEC has dropped, the SEC continues to pursue actions against investment advisers for failures to maintain robust policies and procedures on the handling of material nonpublic information. In this article, partners Marc Elovitz, Anna Maleva-Otto, Craig Warkol, special counsel Kelly Koscuiszka and former Schulte lawyers Brian Daly, Edward Sadtler and Cathy Weist discuss this and other compliance updates relevant to private fund managers.