Into The Flood Again, Same Old Trip It Was Back Then -

The rules and regulations governing private equity and hedge fund advisers continue to develop in response to changes in technology. As a result, advisers are subject to an ever-increasing degree of supervision by the Securities and Exchange Commission (SEC) and self-regulatory organizations. Investment advisers registered with the SEC (each an RIA) are subject to certain annual requirements under the Investment Advisers Act of 1940 (Advisers Act). Some of these requirements also either apply to exempt reporting advisers (each an ERA) or may warrant consideration as best practices for ERAs.