The Private Fund Investment Advisers Registration Act of 2010 (the Act), signed into law on July 21, markedly changes who will be required, and who will be permitted, to register as investment advisers with the Securities and Exchange Commission (SEC). The Act, which is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank), also provides various new exemptions and mandates numerous studies.
This Client Advisory summarizes some of the central provisions of the Act...
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