What Investment Advisers and Fund Managers can Expect from the SEC Under the Biden Administration

As we discussed in our recent post What to Expect from the SEC Under the Biden Administration, market participants can expect a more vigorous SEC enforcement program under the new administration. If confirmed as SEC Chairman by the Senate, Mr. Gensler is sure to bring an assertive approach to SEC enforcement. Investment advisers and fund managers would be wise to prepare for heightened regulatory scrutiny of their sectors in particular. General Solicitation Private fund managers especially in private equity and venture capital often maintain websites discussing their funds portfolio companies. But private fund managers would be wise to review their websites to address any weaknesses that could complicate the legal arguments, such as references to fund offerings.