Posts tagged as:

investment advisor custody

Mallon P.C. Comments on Proposed Investment Adviser Custody Rule

August 2, 2009

In May we reported that the SEC was requesting comments on the new Proposed Investment Adviser Custody Rules.  The SEC’s comment period ended this past week with a flurry of activity before the submission deadline.  As we reported previously, there has been a general industry backlash against the rule because it does not provide any [...]

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Net Capital Requirement for State Registered Hedge Fund Managers

July 6, 2009

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 company) depending on the nature of [...]

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Proposed Amendments to the Investment Advisers Act: SEC Requests Feedback

May 28, 2009

The Securities and Exchange Commission (SEC) is proposing certain amendments to the custody rule under the Investment Advisers Act of 1940 and related forms. Due to the complexity of the various impositions placed on industry professionals by the proposed amendments, the SEC is formally requesting feedback from industry professionals regarding the impact of the new [...]

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SEC Chairman Discusses Potential New IA Custody Rules

April 28, 2009

Hedge Fund Advisors May be Impacted

Yesterday SEC Chairman Mary Schapiro discussed many new SEC initiatives in a speech given to the Society of American Business Editors and Writers.  One of the new initiatives involves those advisors who have “custody” of client assets.  With respect to such advisors, Shapiro said:
I anticipate that this proposal will include [...]

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