The SEC announced that it will hold an open meeting at 10:00 a.m. on June 22, 2011 to consider whether to adopt certain rules and rule amendments to implement provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). The proposed rules and rule amendments (i) increase the statutory threshold for investment advisers required to register with the SEC; (ii) require certain advisers to private funds, including hedge funds, to register with the SEC; and (iii) address reporting by certain investment advisers that are exempt from registration.
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