On October 3, 2019, the Hedge Fund Law Report presented a webinar, entitled “Focus on Private Funds: A Fireside Chat With SEC Commissioner Hester M. Peirce.” During the program, Robin L. Barton, Senior Reporter for the Hedge Fund Law Report, and Commissioner Peirce discussed topics of interest to private fund managers, such as the Interpretation Regarding Standard of Conduct for Investment Advisers; the Concept Release on Harmonization of Securities Offering Exemptions; chief compliance officers and the SEC’s focus on individual accountability; the SEC’s adaptation to the modern asset management industry, particularly in the application of the custody and advertising rules; and the SEC’s role as regulator versus enforcer. Commissioner Peirce also answered attendees’ questions during a Q&A session at the end of the webinar.