SEC: Changes mulled for adviser oversight

The SEC is considering proposed rules aimed at strengthening its oversight of certain investment advisers. As mandated by the Dodd-Frank law, the SEC’s rules would facilitate registration of hedge fund advisers and the like, define venture capital funds, require reporting by certain advisers exempt from registration and increase the asset threshold for advisers to register. Comments were due last week. For more details of the proposed rules, read Exemptions for advisers to venture capital funds, private fund advisers with less than $150 million in assets under management, and foreign private advisers and Rules implementing amendments to the Investment Advisers Act of 1940.

Related Topics: Regulatory Moves