SEC: Comment deadline nears for adviser oversight

Comments are due Jan. 24 on proposed rules that aim to strengthen the SEC’s oversight of certain investment advisers. As mandated by the Dodd-Frank Act, the 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. For more details and information on submitting comment, see 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