In a recent SEC Press Release, the Securities and Exchange Commission (the “SEC”) announced it obtained emergency relief, including asset freezes, against the defendants: StraightPath Venture Partners LLC (the “SP Fund Manager”), StraightPath Management LLC, and others. The defendants reportedly oversold pre-IPO securities, disguised fees as high markups, and commingled accounts. From November 2017 to…

FOR IMMEDIATE RELEASE 2017-92 Washington D.C., May 3, 2017— The U.S. Securities and Exchange Commission staff today published a suite of new data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Risk and Examinations Office, offers investors and other market…