Us securities and exchange commission (sec)
SEC votes through disclosure reforms for private funds
The US Securities and Exchange Commission (SEC) has adopted new transparency rules for private equity managers requiring increased reporting, special terms disclosure, and annual fund audits.
China IPOs: Back to New York
With regulatory challenges receding, Chinese companies are once again targeting US listings. But the journey to New York – in terms of approvals, locations, and valuations – isn’t necessarily smooth
US regulator gets access to Chinese audits
The threat of delisting that has haunted Chinese companies that trade on US exchanges appears to have receded after the US regulators announced they had gained full access to the audits of these companies for the first time.
US regulations: Coming to Asia
Newly proposed rules for private equity fundraising and reporting in the US are set to be applicable to any manager in Asia that raises US capital. Investors should be alert but not alarmed
Not-so private equity: An industry responds to US regulation
As regulatory pressure to increase fee transparency among US private equity funds ramps up, the industry will have to learn how to follow new rules, even as they’re being formed
Founder of VC-backed ShopClues faces US charges
Sandeep Aggarwal, founder of VC-backed Indian e-commerce site ShopClues, has been arrested in the US in connection with the SAC Capital Advisors insider trading investigation. He is charged with passing confidential information to a trader concerning...
SEC removes PE general solicitation ban
The US Securities and Exchange Commission (SEC) has voted to remove the longstanding ban on general solicitation by private-issuers, opening a path for private equity firms to speak publicly about their fundraising efforts and engage more freely with...
Deloitte sued over US-listed ChinaCast Education
Deloitte is being sued by a group of US investors over its auditing role at ChinaCast Education Corp. The Chinese company, which was backed by VC investors in its early years, went public in the US via a reverse merger in 2007 but has since been de-listed.
SEC registration: Are Asian GPs taking it seriously?
Three months after US regulators introduced new rules for reporting and registration of private investment advisers, PE firms are changing the way they do business – but much less so in Asia than in the US
SEC files lawsuit against executives of Chinese coal company
The US Securities and Exchange Commission (SEC) has filed a lawsuit against two Chinese executives from Puda Coal, accusing them of shifting its main asset to a third-party company and then selling a stake to CITIC Trust. Ming Zhao and Liping Zhu, chairman...
SEC inquiry targets PE asset valuation mechanisms
Private equity firms have been asked to disclose to US regulators information on how they value assets, as well as on areas including fundraising and fund formation, as part of an informal inquiry into the industry. The Securities and Exchange Commission...
US increases disclosure requirements for foreign listings
The US Securities and Exchange Commission (SEC) has introduced rules that compel foreign companies seeking US listings to file their registration documents publicly. Previously, IPO documentation remained confidential until the issuers were ready to launch...
NSR co-founder Rajat Gupta indicted for insider trading
Chairman and Co-Founder of New Silk Route (NSR) Rajat Gupta was indicted for insider trading by a US federal court on Wednesday. He is charged with one count of conspiracy and five counts of securities fraud.
SEC backs rule change requiring PE fund adviser registration
The US Securities and Exchange Commission (SEC) yesterday approved legislation mandating registration for private equity and hedge fund advisers. Under a measure that features in the Dodd-Frank Act, advisers will have to disclose information on their...