As part of the new Obama financial regulation plan, which includes potentially the registration of hedge fund managers with the SEC, the Whitehouse has sent a draft to congress of the new Consumer Financial Protection Agency Act of 2009 (CFPAA of 2009).  The act would create a new government agency [...]

IOSCO Pushes Securities Regulators to Adopt Registration Provisions Over the past few months we have been highlighting the Congressional attempts to regulate and/or register hedge funds and more recently have discussed the Obama hedge fund registration plan.  However, we have not discussed what is happening internationally.  Like the in the [...]

Chairman Gary Gensler Discusses Over-the-Counter Derivatives Regulation and Hedge Funds CFTC Chairman Gary Gensler has been busy lately testifying before Congress and now speaking to the Managed Futures Association.  His remarks to the MFA, which can be found here and which are reprinted in full below, mirror his earlier statements [...]

Increased regulation looming as SEC and CFTC jockey for position The  severe financial crisis that has unfolded over the last two years has revealed serious weaknesses in the structure of U.S. financial regulation, as well as the pressing need for a comprehensive regulatory framework.  Part of President Obama’s new financial [...]

With all of the talk lately of new hedge fund regulations proposed by Obama and the likelihood of investment adviser registration for hedge fund managers, the focus has remained squarely on how to avoid hedge fund fraud situations and another Madoff.  The following post is from the blog by Rick [...]

Text of New Hedge Fund Registration Bill Earlier we posted a press release about the Private Fund Transparency Act and that it would subject hedge fund managers to registration with the SEC.  Below is the actual text of the statute. We will be bringing an in depth analysis of changes [...]

Draft Speaks of IA Registration for Hedge Fund Managers As you have probably heard by now, Obama will be presenting his plan for an overhaul of the financial system later today.  I have reviewed a copy of Obama’s Financial Regulation Proposal Draft and have reprinted some of the important aspects [...]

President of the NASAA Sends Letter to President Obama in Support of Limiting Preemption of State Regulation In a letter dated June 9th, 2009, Fred Joseph, President of the North American Securities Administration (NASAA), applauded President Obama  for his efforts to control preemption of state law in the area of [...]

Congressional Bill Proposed in House In January we gave significant attention to the Hedge Fund Transparency Act of 2009 and we did not focus at all on a similar bill introduced in the House of Representatives.   The Hedge Fund Adviser Registration Act of 2009, introduced on January 27, would change [...]

State to Increase Regulation of Hedge Funds (www.hedgefundlawblog.com)  Connecticut, home of many of the biggest hedge funds in the world, may begin regulating hedge funds in a heavy handed manner.  Recently state lawmakers have introduced three bills (Raised Bill No. 953, Raised Bill No. 6477 and Raised Bill No. 6480) [...]