SEC Charges Credit Fund Adviser Over Principal Transaction Pricing Practices

On February 25, 2026, the U.S. Securities and Exchange Commission (SEC) charged a credit fund adviser with negligence-based anti-fraud violations and breaches of fiduciary duty in connection with the sale of originated loans to affiliated private funds. This enforcement action underscores the SEC’s continued focus on principal transactions and highlights the importance of robust valuation practices...... By: Akin Gump Strauss Hauer & Feld LLP