Corgentum’s Scharfman Discusses Private Equity Compliance with Wall Street Journal: Gearing Up For SEC Registraiton
Jason Scharfman, Corgentum Consulting Managing Partner, discusses the initial and on-going compliance requirements to be faced by private equity funds in light of the new Dodd-Frank financial law and pending likely Securities and Exchange Commission registration requirements with the Wall St. Journal. The article is entited, ” Private Equity Funds Gear Up For SEC Registration “.
Drawing a distinction between hedge fund and private equity compliance risks, the article quotes Mr. Scharfman in part as saying,
” Some of the compliance problems that could arise in a transaction-based business model, such as a hedge fund, aren’t likely to crop up at private equity funds, said Scharfman. The risk is very low, for example, that private equity fund employees would trade equities from their own accounts ahead of the fund, he said. Developing and monitoring insider trading restrictions, however, will be necessary for both types of firms, said Scharfman. “
The full article can be read on the Wall St. Journal website (subscription required).
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