Dodd-Frank.com

House Committee to Hold Hearing on Oversight of Investment Advisers

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The SEC previously released a staff study on enhancing investment adviser examinations required by Section 914 of the Dodd-Frank Act.  The staff noted the SEC faces significant capacity challenges in examining registered investment advisers.  Some of the recommendations of the staff were that Congress should consider: Authorizing one or more... Read More

Topics: Investment Advisers, Private Equity

SEC Proposes Rules Regarding Broker-Dealer Reporting

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The SEC has proposed amendments to the broker-dealer financial reporting rule under the Securities Exchange Act of 1934.  The amendments would: update the existing requirements of Exchange Act Rule 17a-5, facilitate the ability of the Public Company Accounting Oversight Board to implement oversight of independent public accountants of broker-dealers as... Read More

Topics: Broker-Dealer, Investment Advisers

SEC Grandfathers Existing Advisory Arrangements for Private Equity Groups and Hedge Funds in New Proposed Rules

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The SEC has issued proposed rules regarding performance fees that can be charged by investment advisers.  As a result of changes to the Investment Advisers Act effected by the Dodd-Frank Act, many private equity sponsors and hedge fund advisers will be required to register with the SEC.  These fund advisors... Read More

Topics: Investment Advisers, Private Equity

SEC May Delay Registration Requirements for Private Equity Groups and Hedge Funds

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Robert Plaze, Associate Director of the SEC’s Division of Investment Management, recently sent a letter to the Deputy Securities Administrator, North Carolina Securities Division and the President, North American Securities Administrators Association, Inc. signaling a potential delay in registration requirements for private equity groups, hedge funds and investment advisers related... Read More

Topics: Investment Advisers, Private Equity