The SEC is now looking at the filings of private equity firms with greater scrutiny than ever before. Foley Partner Stuart Fross examines the culture shock within the industry and what advisers need to consider in light of recent enforcement cases.

Stuart Fross concentrates his practice on securities laws and regulations, as part of the Private Equity & Venture Capital, Transactional & Securities and International Practices. Mr. Fross’ main focus is investment managers and pooled investment vehicles, including U.S. registered open-end, closed end and exchange traded funds, bank collective investment funds (with an emphasis a stable value funds), UCITS funds, as well as private funds, organized in the US and offshore.