SEC Finalizes Dodd-Frank Rules Affecting Investment Advisers: Many 'Mid-Sized Advisers' Must Transition from SEC Registration to State Registration
Mondaq Business Briefing › United States Law Articles in English (2011)
Linked as:
Extract
SEC Finalizes Dodd-Frank Rules Affecting Investment Advisers: Many 'Mid-Sized Advisers' Must Transition from SEC Registration to State Registration
Publication Date: July 15, 2011
At an open meeting June 22, 2011 (the "June 22 Meeting"), the Securities and Exchange Commission (the "SEC" or "Commission") voted to adopt new rules and rule amendments under the Investment Advisers Act of 1940 (the "Advisers Act") that will: Reallocate regulatory responsibility for advisers between the SEC and the states Require certain advisers to hedge funds and other private funds to register with the SEC Establish new exemptions from SEC registration Establish reporting requirements for certain advisers who are exempt from registration1 In addition, the Commis...See the full content of this document
Sponsored links
