Bart Mallon, Esq. http://www.hedgefundlawblog.com ****UPDATE 10/27/2009**** The House Financial Services Committee voted on October 27, 2009 to pass the Private Fund Investment Advisers Registration Act of 2009 as H.R. 3818 (full text of bill as passed – please note that it is different from the earlier version of the bill [...]

Bart Mallon, Esq. http://www.hedgefundlawblog.com Treasury Announces New “Private Fund Investment Advisers Registration Act of 2009” After much discussion in the press over the last 8 to 10 months abut the possibility for hedge fund registration, the Treasury today announced the Obama Administration’s bill which requires managers to “private funds” to [...]

New Investment Fund Focuses on Tech Start Ups New Trend Emerges in Silicon Valley The first quarter of 2009 marked the lowest level of investment since 1997, according to the National Venture Capital Associates.  The Venture industry in particular has suffered as the number of IPOs and acquisitions has plummeted.   [...]

Cat and Mouse Securities Compliance It seems so many aspects of the securities industry is the cat and mouse game of regulate (government) and sneakily avoid (industry participants).  This is especially true when it comes to compliance and “what you can get away with.”  As the post below notes, many [...]

Assistant Secretary Michael Barr Testifies Before House Committee Regarding President’s Proposal to Establish New Consumer Financial Protection Agency On July 8th, 2009, Assistant Secretary Michael Barr delivered a statement before the House Committee on Energy and Commerce regarding the Administration’s recent proposal to establish a new financial regulatory agency designated [...]

Overview of the Hedge Fund Industry in June It is nice to have a chance to step back from the regulatory side to see the big picture of the hedge fund industry.  The article below discusses what is currently happening in the various hedge fund strategies and what investors are [...]

Treasury and Fed Name Lucky Hedge Fund Managers The Treasury and the Fed just announced the hedge fund management companies which will be participating in the first round of the PPIP.  The following press release can be found here. **** July 8, 2009 TG-200 Joint Statement by Secretary of the [...]

Overview of Net Capital Requirement and Bond Alternative Hedge fund managers who need to register as investment advisors in their state of residence often have to deal with the net capital requirement issue.  Usually there will be two separate net capital requirements for the investment advisor (meaning the fund’s management [...]

California Based Hedge Fund Managers Receive Answers to Common Questions As I have discussed many times before, each state securities division has different rules and regulations.  In addition, each state has different interpretations of those rules and regulations. This makes it difficult for hedge fund managers to really know exactly [...]

FINRA to Announce New Investment Banking Examination For many years now all brokers have been treated equally with regard to examination requirements. Whether a broker was working solely with retail clients or solely with institutions on a private placement basis, each such broker would need to take and pass the [...]