Press Room: Article

March 03, 2011

Will Your Family Office or Private Fund Be Exempt from SEC Registration?

As previously discussed in our July 2010 newsletter article, the Dodd-Frank Wall Street Reform and Consumer Protection Act requires managers of large hedge funds, private equity funds, and multi-family offices to register with the Security and Exchange Commission (SEC) as investment advisors.

The SEC recently proposed rules to implement registration exemptions for smaller funds, venture capital funds of any size, and single family offices. While those who qualify for these exemptions get relief from registration, they may not entirely escape increased regulation.

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