October 31, 2008
One of the problems with the securities laws in the United States is that there are two levels of rules that any person would need to be cognizant of at any single time – the federal rules and the state level rules.
For hedge fund managers which are registered as investment advisors with the SEC, there [...]
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October 26, 2008
The case below provides a great example of why registered investment advisors and hedge funds need to have competent legal counsel advising them on all aspects and arrangements of their business. Basically a registered investment advisor (RIA) had a selling arrangement with a hedge fund where the RIA would receive a portion of the performance [...]
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DOL Sues Investment Adviser for Receiving Undisclosed Fees from Hedge Fund
October 26, 2008The case below provides a great example of why registered investment advisors and hedge funds need to have competent legal counsel advising them on all aspects and arrangements of their business. Basically a registered investment advisor (RIA) had a selling arrangement with a hedge fund where the RIA would receive a portion of the performance [...]