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Steven Lofchie Commentary by Steven Lofchie

Directors of FINRA's Special Investigations Unit described the inner workings of the special financial crimes detection program designed to "identify and mitigate threats related to money laundering and other frauds."

The SEC Small Business Capital Formation Advisory Committee began deliberations on the (i) limits of arm's length "venture capital fundraising," (ii) registration exemptions based on the current definition of investment company under the Investment Company Act and (iii) challenges that emerging managers face in raising capital and finding investment opportunities.