The SEC has started to to investigate whether or not mutual funds have the proper procedures in place to value private investments. The scrutiny comes as big money managers have been loading up on shares of private companies. Fidelity T.Rowe Price, and BlackRock are some of the biggest mutual fund managers that are investing in these private companies
SEC increases focus on private-company valuations as part of regular fund-firm reviews By KIRSTEN GRIND Updated Nov. 17, 2015 7:17 p.m. ET Federal securities regulators are looking more closely at whether U.S. mutual funds have proper procedures in place to accurately price shares of private technology companies amid signs the tech boom is wavering, according to people familiar with the matter. The Securities and Exchange Commission in recent months has been asking more questions of large fund firms about how they value startups and whether their process ensures an...
