Dodd-Frank.com

SEC Proposes Rules Regarding Broker-Dealer Reporting

By

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

By

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

By

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

Registration with the SEC as an Investment Adviser — A Guide for Private Equity and Hedge Funds

By

The Dodd-Frank Act provides an exemption for registration as an investment adviser for private equity groups and hedge funds that have assets under management of less than $150 million.  Investment advisers to funds which exceed that threshold will be required to register with the SEC as an investment adviser.  ... Read More

Topics: Investment Advisers, Private Equity