Private Fund Adviser Updates: The New SEC Presence Examination
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Private Fund Adviser Updates: The New Sec Presence Examination in November, 2012.… Read More
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Private Fund Adviser Updates: The New Sec Presence Examination in November, 2012.… Read More
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Lift On General Solicitation Restrictions For Certain Private Funds in July, 2012.… Read More
On July 17, 2012 the California Department of Corporations Commission filed final amendments to Section 260.204.9 of Title 10 of the California Code of Regulations with the state’s Office of Administrative Law (OAL). As reported here earlier this year, the…
On June 18, 2012 the California Department of Corporations (DOC) published notice of additional changes to its proposed private fund adviser exemption regulation (10 CCR §260.204.9) and a new 15-day public comment period. As reported earlier, the DOC’s proposed rule…
On February 6th the California Department of Corporations announced a 45-day extension of the comment period for its proposed rule aligning California’s exemption for private fund advisers to the federal exemption. Interested parties now have until 5 p.m. March 26,…
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Private Fund Regulation: Sec Examination And Enforcement Hot Topics – Part 2 in January, 2012.… Read More
Earlier this month, the Managed Fund Association (“MFA”), the largest lobbyist for the alternative investment industry, petitioned the SEC to amend Rule 502(c) of Regulation D to eliminate the prohibition on general solicitation or general advertising with respect to private…
Jacko Law Group, P.C. (“JLG”) wrote a Legal Tip titled Private Fund Regulation: Sec Examination And Enforcement Hot Topics – Part 1 in December, 2011.… Read More
On December 1, the SEC announced enforcement actions against three advisory firms and six individuals as part of the Commission’s new initiative whereby the Commission’s Asset Management Unit uses proprietary risk analytics to evaluate hedge fund returns. Performance that appears…
As discussed in a previous blog posting, investment advisers must comply with Rule 206(4)-3 (the “Rule”) of the Investment Advisers Act of 1940 when using solicitors. Notably, in July 2008, the SEC issued a no-action letter (the “Letter”) which provided…