Securities

Recent Posts

Are You an Investment Adviser?
Posted on 28 Mar 2011 by Doug Cornelius

There has been a lot of focus on the effect of Dodd-Frank on private fund managers. Many had relied on the small adviser exception from registration. If you had fewer than 15 clients (funds) you were exempt from regulation. With the loss of that exclusion... Read More

Real Estate Fund Managers and the CFTC
Posted on 7 Jul 2011 by Doug Cornelius

Many real estate fund managers, used to the lack of regulatory oversight, are wrestling with the implications of Dodd-Frank. One of the biggest sources of hand-wringing is whether to register as an investment adviser given the removal of the 15 clients... Read More

Yes, the SEC Wants Real Estate Fund Managers to Register
Posted on 1 Dec 2010 by Doug Cornelius

Earlier I had pointed out how a real estate fund manager could be considered an investment adviser and have to register with the SEC under the Investment Advisers Act. In the Proposed Changes to Form ADV published on November 19, the SEC has made... Read More

  • Blog Post: Yes, the SEC Wants Real Estate Fund Managers to Register

    Earlier I had pointed out how a real estate fund manager could be considered an investment adviser and have to register with the SEC under the Investment Advisers Act. In the Proposed Changes to Form ADV published on November 19, the SEC has made it clear that real estate funds are part of the...
  • Blog Post: Are You an Investment Adviser?

    There has been a lot of focus on the effect of Dodd-Frank on private fund managers. Many had relied on the small adviser exception from registration. If you had fewer than 15 clients (funds) you were exempt from regulation. With the loss of that exclusion, the industry has been looking to other...
  • Blog Post: Real Estate Fund Managers and the CFTC

    Many real estate fund managers, used to the lack of regulatory oversight, are wrestling with the implications of Dodd-Frank. One of the biggest sources of hand-wringing is whether to register as an investment adviser given the removal of the 15 clients exemption from the Investment Advisers Act. Another...