SEC Anti-Fraud Settlement Is A Warning For Fund Advisers

By Eric Rubenfeld ( October 18, 2022, 5:50 PM EDT) -- A recent settlement agreement between the U. S. Securities and Exchange Commission and an unregistered California-based venture capital fund adviser serves as a timely reminder to unregistered investment advisers that the negligence-based anti-fraud provisions of the Investment Advisers Act apply to all investment advisers, registered and unregistered alike. [1]. . .

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