Dodd-Frank.com

SEC Proposes Revised Fees for Investment Advisers

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Section 204(b) of the Investment Advisers Act of 1940  authorizes the SEC to require investment advisers to file applications and other documents through an entity designated by the SEC, and to pay reasonable costs associated with such filings.   In 2000, the SEC designated the Financial Industry Regulatory Authority Regulation, Inc.,... Read More

Topics: Investment Advisers

SEC Proposes Rules Regarding Eligibility of Investment Advisers to Register With the SEC

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Title IV of the Dodd-Frank Act includes many of the amendments to the Investment Advisers Act implemented by the Dodd-Frank Act.   These amendments include provisions that reallocate responsibility for oversight of investment advisers by delegating generally to the states responsibility over certain mid-sized advisers, i.e., those that have between $25... Read More

Topics: Banking, Broker-Dealer, Investment Advisers, Private Equity

A Definition of “Venture Capital” Only the SEC Could Think Of

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 The Dodd-Frank Act repealed the “private adviser exemption” contained in section 203(b)(3) of the Investment  Advisers Act on which advisers to many venture capital funds vehicles had relied in order to avoid registration under the Investment Advisers Act.  Section 407 of the Dodd-Frank Act created an exemption from registration under... Read More

Topics: Investment Advisers, Private Equity

Paperwork Galore: SEC Proposes Rules Requiring Public Reporting by Exempt Investment Advisers

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The SEC has proposed rules (Release No. IA-3110) requiring public reporting by exempt investment advisers.  The proposed reporting requirements for exempt investment advisers, which are not necessarily required under the Dodd-Frank Act, will impose substantial burdens on exempt investment advisers.  The Dodd-Frank Act neither specifies the types of information the... Read More

Topics: Investment Advisers, Private Equity