Acting OCIE Director Discusses the Office’s Focus on Private Equity Managers and Emphasizes the Importance of Disclosure by Advisers

The SEC’s Office of Compliance Inspections and Examinations (OCIE) protects investors by administering the SEC’s nationwide examination and inspection program.  In his first speech as acting director of OCIE, Marc Wyatt reviewed OCIE’s activities since the enactment of Dodd-Frank, particularly during the last year, and described anticipated OCIE activity in the private equity space.  For coverage of a speech by Wyatt’s predecessor, see “OCIE Director Andrew Bowden Describes the Primary Compliance Failings of Private Equity Managers with Respect to Fees, Expenses, Limited Partnership Agreements, Valuation and Marketing,” Hedge Fund Law Report, Vol. 7, No. 19 (May 16, 2014).

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