Three Orders Focused on New Hedge Fund Regulations On June 11, 2011, Connecticut Department of Banking issued three orders relating to Connecticut investment adviser registration requirements in response to the SEC issuing final hedge fund registration regulations required by the Dodd-Frank Act.  The orders (1) create a registration transition period for [...]

SEC Releases Information on Mid-Sized Advisers – New York Managers may be Required to Register with SEC Currently managers with a place of business in New York are not required to register as investment advisers at the state level with the New York Department of State.  Until the Dodd-Frank Act [...]

Registration required by March 30, 2012 We are obviously a bit late on reporting that the hedge fund registration regulations were finalized by the SEC recently (see releases at end of the post).  We are not going to detail all aspects of the regulations in this post, but we will [...]

We are currently watching the webcast live and are posting our comments below.  You can watch the meeting live here: http://sec.gov/news/openmeetings.shtml. We will be posting our review of the adopted regulations sometime later today. **** 11:05 AM ET: the open meeting has started and Chairman Schapiro (“CS”) is currently providing [...]

SEC Considers Whether to Adopt Registration Requirement Yesterday the SEC announced that they will conduct an Open Meeting on June 22 to determine whether to adopt the new hedge fund registration requirements and related rules. At the Open Meeting the SEC is expected to delay implementation of the regulations until [...]

Will Wait for SEC Final Registration Regulations to Propose New Rules California currently has an exemption from the registration requirements for certain fund managers with more than $25M of AUM (Rule 260.204.9).  Back in March California requested input from the investment management community on how they might change the registration [...]

As part of the Hedge Fund Networking Summit Webcast Series, Bart Mallon of Mallon P.C. led an hour long presentation on compliance matters for California based hedge fund managers.  The presentation covered the following topics: New SEC and CA Hedge Fund Registration Requirements Registration Overview & Major Issues Compliance Overview [...]

In a letter to the NASAA today the SEC stated that they may extend the final deadline for IA registration under the Dodd-Frank Act.  The reason for the extension is to give companies enough time to go through the registration process once final regulations are promulgated.  The SEC stated that [...]

Seeks to Raise IA Exemption Threshold to $100MM AUM In an Invitation for Comments released today, California officially seeks comments to change its rules with respect to hedge fund managers and a certain exemption from investment adviser registration.  California currently exempts from registration those investment advisers with a place of [...]

As we noted previously, registered investment advisory firms and firm representatives must renew their registration annually by paying a fee to FINRA.  In November FINRA issued a Preliminary Renewal Statement for each registered IA firm which stated the amount of renewal fees which were due by December 13, 2010. While [...]