Posts tagged as:

hedge fund registration

Hedge Fund Manager Registration to Cost Taxpayers $140 Million (at least)

November 17, 2009

CBO 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 [...]

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Update on H.R. 3818 | Hedge Fund Registration Bill

October 30, 2009

As has been reported by a number of groups the Private Fund Investment Advisors Act of 2009 was approved by the House Financial Services Committee by a vote of 67-1.  The proposed bill underwent a number of significant changes during the committee meeting.  The attached document shows (in redline format) the changes which were made [...]

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House Committee Votes for Hedge Fund Registration

October 27, 2009

Bart Mallon, Esq. (http://www.hedgefundlawblog.com)
Private Equity Funds Not Excluded
Today the House Financial Services Committee voted to require hedge fund managers to register with the Securities and Exchange Commission.  While private equity firms are also required to register under the proposed bill, managers to venture capital funds are excluded from this registration requirement.
The bill will next be [...]

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H.R. 3818 | Hedge Fund Registration

October 27, 2009

Bart Mallon, Esq. (http://www.hedgefundlawblog.com)
Private Fund Investment Advisers Registration Act of 2009 (text of act)
Below is the final text of the hedge fund registration bill as passed by the House Financial Services Commission.
****
111th CONGRESS
1st Session
H. R. 3818
To amend the Investment Advisers Act of 1940 to require advisers of certain unregistered investment companies to register with and [...]

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Proposed Hedge Fund Registration Bill Now Excludes VC Funds

October 5, 2009

Venture Capital Funds May Not Have to Register with Hedge Funds
While hedge funds have reluctantly resigned to the likely fate of SEC registration (see MFA Supports Registration), the venture capital community has been fighting hard to remain unregistered.  On this front, the VC community enjoyed a victory last week as Congressman Paul E. Kanjorski (D-PA) [...]

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IA Compliance Fall Conference 2009

September 21, 2009

Over the past few months I have written extensively about the new regulatory environment and the likelihood that many hedge fund managers will need to register with the SEC within the next year or so (assuming that Congress passes one of many proposed registration bills).  Anticipating this requirement, my team and I at Mallon P.C. [...]

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Obama on Financial Reform

September 14, 2009

President Discusses Future Financial Regulations in Advance of G20
Earlier today President Obama gave a speech in New York discussing the administration’s future plan for greater regulation of the financial markets in the wake of the financial crisis of 2008/2009.  Speaking strongly the President said:
So I want everybody here to hear my words:  We will not [...]

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SEC Supports Private Funds Transparency Act of 2009

July 20, 2009

Testimony Concerning Regulating Hedge Funds and Other Private Investment Pools
The SEC released a testimony from Andrew J. Donohue before the U.S. Senate about the regulation of hedge funds and other private investment pools.  According to Mr. Donohue’s statement, securities laws have not kept pace with the growth market and thus the SEC has very little [...]

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Private Fund Investment Advisers Registration Act of 2009

July 15, 2009

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 reprinted below).  The bill as passed by the [...]

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Obama Moves Forward with Hedge Fund Registration Legislation

July 15, 2009

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 register with the SEC.  This registration requirement would [...]

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