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The Wall Street Journal recently published an article written by Norm Champ, An Iniquitous Raid on Private Equity, on June 28 th , 2016, [link] , discussing the Securities and Exchange Commission’s (“SEC”) enforcement action against the private equity firm, Blackstreet. Norm Champ, former director of the Division of Investment Management at the SEC (2012-15) wrote, “The agency asserted that transaction fees collected by the manager in connection with buying and selling portfolio companies for i
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