In response to a recently filed no-action letter, the SEC has rejected a proposal that would dramatically change Section 3(c)(1) of Investment Company Act. Currently, Section 3(c)(1) excludes from the…
Read MoreA majority of the New York City Council is supporting a bill in the State Legislature that would require hedge fund and private equity partners to pay a city tax…
Read MoreJames Chanos – head of the hedge fund Kynikos Associates and the industry advocacy group the Coalition of Private Investment Companies – spoke of his concerns that the current U.S….
Read MoreThe Hedge Fund Industry is lobbying the SEC to be included in a proposal that would allow mutual funds to invest more in exchange traded funds (ETFs) then what is…
Read MoreHedge fund managers have began lobbying the SEC to relax restrictions that prohibit advertising or marketing aimed at soliciting new clients. Managers claim that they should be able to share…
Read MoreOn May 1, 2008, the California Department of Corporations (CDC) refused to amend Rule 260.204.9 a rule which exempts California based investment advisers from state registration requirements if such investment…
Read MoreFriday, 11 April 2008 22:15 Speaking at the 40th Annual Compliance and Legal Seminar, SEC Commissioner Paul S. Atkins announced that the securities industry would no longer need to comply…
Read MoreFriday, 11 April 2008 22:17 In what would be the most profound reorganization of the securities market since the Great Depression, Treasury Secretary Henry Paulson suggested to merge the SEC…
Read MoreFriday, 11 April 2008 22:21 Director of the Division of Investment Management for the SEC, Andrew J. Donohue, recently commented upon those various amendments and developments the SEC was considering…
Read MoreOn March 18, 2008, the SEC issued a press release answering the most common questions surrounding the collapse of Bear Stearns. Those questions that the SEC answered were: What protects…
Read MoreThursday, 12 July 2007 08:00 The SEC voted unanimously on Wednesday to approve a rule prohibiting hedge fund advisors from committing fraud against fund investors. Among other things, the rule…
Read MoreFriday, 06 July 2007 22:26 Two separate House panels are set to hold hearings next week focused on hedge funds. The House Financial Services Committee and a subcommittee of the…
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