Broker-Dealer Issues for Private Equity Funds and their Advisers

09/24/2014 12:00 p.m. - 01:00 p.m. EDT

Banking + Financial Services, Corporate Finance | Capital Markets, Financial Institutions + Financial Services, and Investment Management

Hillel T. Cohn

Hillel T. Cohn


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Harrison Lawrence
(212) 336-4004

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Join Partners Hillel Cohn and Jay Baris for an hour long briefing on Broker-Dealer Issues for Private Equity Funds and their Advisers. During this webinar, we will discuss broker-dealer basics: what activity requires registration as a broker-dealer?; solicitation, negotiation, execution; and transaction-based compensation. Also, what are the consequences of violating such registration requirements?  We will examine the Ranieri case, Blass speech, and other SEC activity.

This webinar will also focus on considerations with regard to raising money for private funds, specifically, fund manager exemptions, the requirements of Rule 3a4-1 and the issues raised by having a dedicated sales force, the issues raised by continuous fund-raising, and compensation issues. Also, alternative fund-raising strategies, specifically, our-source fund-raising, form captive broker-dealer, and affiliate “sales-personnel” with a broker dealer; Advisory fees for portfolio company transactions: Distinguishing advisory fees from broker-dealer fees.

Additional topics will include:

  • Reverse churning issues;
  • BD/IA regulation: what is coming down the road; and
  • General solicitation and general advertising in private offerings.

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