# kaal:claim:2739479-015

**Claim.** Registered investment advisers should expect a more demanding regulatory environment ahead, including new or proposed regulations, more SEC enforcement actions against private fund managers, and longer and more intrusive examinations.

**Type.** predictive  **Support.** argued

**Holds when.**

- SEC-registered private fund advisers
- years following 2015

**Source quote.**

> Given the trends discussed above and the SEC guidance provided in public statements, it is likely that the private fund industry will encounter new or proposed regulations; increased SEC enforcement actions against private fund managers; lengthier, more intrusive SEC examinations;

**From.** Wulf A. Kaal, *The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2* (2016), II.2.b) SEC Examinations, Enforcement Actions, and Settlements, page 26

**Cite as.** Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016). SSRN: https://ssrn.com/abstract=2739479

**Verify.** sha256 of source PDF `b2e7b81a16ab01c73478b62e85068f9dadc5cdd18427241e8bc5e8216a967730` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20The%20Post%20Dodd-Frank%20Act%20Evolution%20of%20the%20Private%20Fund%20Industry%20Comparative%20Evidence%20from%202012%20and%202.pdf

**Topics.** securities-law, compliance, private-funds

**Keywords.** sec-enforcement, examinations, regulatory-forecast, private-funds, compliance

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