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SEC Issues Order Raising Threshold for Net Worth Test to Adjust for Inflation

On June 14, 2016, the Securities and Exchange Commission (the “SEC”) issued an order, effective August 15, 2016, with respect to Rule 205-3 under the Investment Advisers Act of 1940 (the “Advisers Act”), raising the net worth...more

SEC Lifts Ban on General Solicitation by Private Funds

Elimination of the Ban on General Solicitation and General Advertising - On July 10, 2013, the Securities and Exchange Commission (the "SEC") adopted an amendment to Rule 506 of Regulation D under the Securities Act of...more

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