Dodd-Frank.com

SEC Confirms Private Funds May Engage in General Solicitations for Regulation D Offerings

By

  Privately offered funds, such as hedge funds, venture capital funds and private equity funds, typically rely on Section 4(a)(2) and the Rule 506 safe harbor to offer and sell their interests without registration under the Securities Act.   In addition, privately offered funds generally rely on one of two exclusions... Read More

Topics: Investment Advisers, Private Equity, Public Companies and Securities

Minnesota to Examine Investment Advisers

By

Last week, the Minnesota Department of Commerce announced that it was instituting an examination program for investment advisers.  In doing so, Minnesota removes itself from a tiny group of states – the others are New York and Wyoming – that have no investment adviser examinations. The significance of this is... Read More

Topics: Investment Advisers

SEC Issues FAQs on Form PF

By

Hedge funds and private equity advisers with more than $150 million in assets under management that have registered with the SEC as investment advisers now have to begin filing Form PF with the SEC as required by the Dodd-Frank Act.  Compliance dates depend on the type of private fund adviser... Read More

Topics: Investment Advisers, Private Equity

SEC Publishes Statistics on Changes to Investment Adviser Registration as a Result of the Dodd-Frank Act

By

March 30, 2012 was the compliance date for several provisions of the Dodd-Frank Act that amended the registration provisions of the Investment Advisers Act.  As of that date: advisers to many hedge funds, private equity funds, and other “private funds” that previously were exempt from registration were required to register... Read More

Topics: Investment Advisers, Private Equity

Advertising by Hedge Funds and Private Equity Groups After the JOBS Act

By

The JOBS Act directs the SEC to eliminate the prohibition on general solicitations for securities offerings under Rule 506. Once the prohibition is eliminated, many advisers to hedge funds and private equity groups may engage in some sort of advertising when placing fund securities. General Rules Advertising by registered investment... Read More

Topics: Investment Advisers, Private Equity, Uncategorized