SEC Ponders Break for Private Equity to Skip Broker Rules
February 22, 2014
Jordan A. Thomas remarks on a proposed special exemption for private equity firms
A controversial exemption currently under review by the SEC indicates the unlikely pursuit of enforcement action over past deals, despite the fact that the private equity industry may have been taking “improper” transaction fees for several years.
Jordan A. Thomas said, “There is no question that the private-equity industry has a powerful and successful lobby, but historically, the commission has been immune from such influence, especially when it relates to past violations of the securities laws.”