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[qqqbear]

February 12, 2012, 9:15 pmPrivate Equity
Private Equity Industry Attracts S.E.C. Scrutiny
By PETER LATTMAN

In recent years, the private equity industry has escaped much of the regulatory scrutiny that has been directed toward hedge funds and Wall Street banks. But that appears to be changing.

The Securities and Exchange Commission has begun a broad examination of the private equity industry, seeking information about the business practices of some of the country’s most powerful financial firms.

The S.E.C.’s enforcement unit sent a letter late last year to several private equity funds as part of what it called an “informal inquiry” into the industry, according to two people with direct knowledge of the matter who requested anonymity because they were not authorized to discuss it publicly. It is not clear which firms received the letter.

While the S.E.C. emphasized that the request should not be construed as an indication that it suspected any wrongdoing, its goal in gathering information was to investigate possible violations of securities laws, these people said.

One focus of the inquiry is how private equity firms value their investments and report performance. Unlike the valuing of publicly traded stocks, valuing private equity investments — largely in private companies that are not listed on an exchange — can be a thorny and subjective process.

The S.E.C.’s concern, say people familiar with the government inquiry, is that some private equity funds might overstate the value of their portfolios to attract investors for future funds.

http://dealbook.nyti...s-e-c-scrutiny/

[HYPERTlGER]

The SEC was created by the top to fool the population into thinking there was a watchdog...The SEC is used to kill off the competition.

All the drug busts you see...that's the competition being thinned out...Same in stock market world.

There is no way the top could run the world without insider trading.

If the SEC was actually a threat to the top...It would be eliminated.

The choice to take more than you give is teh cause...collapse is effect.

It doesn't matter if a group of people get together and decide what a legal or illegal method to chop down trees faster than they regrow is...when they run out...it's game over.

cheating is an efect of the choice to take more than you give...

cheating or rule breaking are effects of the choice to take more than you give...

cheating is not the cause of the collapse.

cheating, or rule breaking, and collapse...are effects of the cause which is the choice to take more than you give.

according to you the system won't collapse if the rules are followed...

Taking more than you give or absolute capitalism is plunder.

"When plunder (taking more than you give or absolute capitalism) becomes a way of life for a group of men (absolute capitalists) living together in society, they create for themselves in the course of time a legal (rule) system that authorizes it and a moral code (religion) that glorifies it."--Frederic Bastiat

The top became top by breaking evey rule that currently exists...but all the rules that exist did'nt exist...until the top created them to protect them from others trying to follow the same path.

You all are in a position that makes it impossible for you to rise to the top...because it's illegal.