Adviser Registration, Accredited Investors, Carried Interest, Insider Trading, Cap and Trade Below are some thoughts on some of the major issues over the last couple of weeks. Have a great Memorial Day Weekend! **** Hedge Fund Regulation and Registration – While the Private Fund Investment Advisers Registration Act of 2010 [...]

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 [...]

Hedge Fund Transparency Act of 2009 Overview This article provides an overview of the major provisions of the Hedge Fund Transparency Act of 2009.  There are two major things that the HFTA does: (1) increases regulation of hedge funds under the Investment Company Act and (2) requires hedge funds to [...]

Senators Grassley and Levin Introduced Bill Requiring Hedge Fund Registration A new bill called the Hedge Fund Transparency Act was introduced today by Senators Chuck Grassley and Carl Levin.  A press release from Grassley’s website explains the bill. More to be forthcoming… **** For Immediate Release January 29, 2009 Grassley [...]

This article is part of a series examining the statements in a report issued by the Government Accountability Office (GAO) in February 2008.  The items in this report are important because they provide insight into how the government views the hedge fund industry and how that might influence the future [...]

It is often said that hedge funds are unregistered or lightly regulated investment pools.  While this is correct, there are certain regulations which an investment manager must follow, including certain regulations under the Investment Advisers Act of 1940 (and the securities laws of the hedge fund manager’s state of residence).  [...]

I. INTRODUCTION The Securities Exchange Act of 1934 (“Exchange Act” or “Act”) governs the way in which the nation’s securities markets and its brokers and dealers operate. We have prepared this guide to summarize some of the significant provisions of the Act and its rules. You will find information about [...]