SEC: Family office exemption mulled
The SEC is considering a proposal to let family offices continue being exempt from the Investment Advisers Act…
The SEC is considering a proposal to let family offices continue being exempt from the Investment Advisers Act of 1940. Prior to the passage of the Dodd-Frank Act, a regulatory provision exempted advisers with fewer than 15 clients from registering with the SEC. The act removes the exemption so that
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