November 15, 2009
In light of the recent focus on insider trading, we are publishing the SEC’s discussion on Insider Trading which can also be found here. The information below contains a broad overview of some of the important aspects which hedge fund managers should understand about the insider trading prohibitions.
For a greater background discussion on the legal [...]
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October 18, 2009
Employees of Registered IAs Must Generally be Registered
State registered investment advisory firms need to make sure that their employees who are deemed to be “investment advisory representatives” are appropriately registered. This means that any employee (or owner) of the IA firm who provides investment advice or who has supervisory authority will generally need to [...]
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Hedge Fund Manager Registration to Cost Taxpayers $140 Million (at least)
November 17, 2009CBO Calculates Cost of House Hedge Fund Bill
This past week the Congressional Budge Office (“CBO”) released a cost estimate of H.R. 3818, the Private Fund Investment Advisers Registration Act of 2009. In a number of private conversations I have had about hedge fund registration over the last 9-12 months one of the issues that was [...]