Securities

Recent Posts

The US Private Equity Fund Compliance Guide
Posted on 23 Nov 2010 by Doug Cornelius

One of the struggles with implementing a compliance program for a private equity fund is that the Investment Advisers Act is targeted at retail operations dealing with relatively liquid investments. Neither fits well with the private equity model of... Read More

Do You Need State Licensing If You’re an SEC Registered Investment Adviser?
Posted on 11 Nov 2010 by Doug Cornelius

With Dodd-Frank 's elimination of the 15 client exemption , thousands ( my guess ) of private fund managers will need to register with the Securities and Exchange Commission as investment advisers to their funds . For alternative investment funds... Read More

Proposed Changes to Form ADV
Posted on 22 Nov 2010 by Doug Cornelius

The SEC has released its proposed changes to Form ADV to better deal with private fund registration and the exempt, but reporting required of venture capital funds: Release No. IA-3110 The Securities and Exchange Commission is proposing new rules... Read More

SEC Study on Enhancing Investment Adviser Examinations
Posted on 25 Jan 2011 by Doug Cornelius

Now that most private funds managers are required to register with SEC as investment advisers, the SEC is considering abandoning them to regulation by FINRA. The SEC released the much anticipated report, a 40-page " Study on Enhancing Investment... Read More

Job Description For CCOs of Advisers to Private Investment Funds
Posted on 3 Dec 2010 by Doug Cornelius

Back in 2005, Associate Director Office of Compliance Inspection and Examinations of the SEC, Gene Gohlke gave a speech addressing hedge funds who would soon have to register under the doomed hedge fund rule. He focused on what the funds needed in... Read More

  • Blog Post: Do You Need State Licensing If You’re an SEC Registered Investment Adviser?

    With Dodd-Frank 's elimination of the 15 client exemption , thousands ( my guess ) of private fund managers will need to register with the Securities and Exchange Commission as investment advisers to their funds . For alternative investment funds, like real estate, you'll need to look at whether...
  • Blog Post: Proposed Changes to Form ADV

    The SEC has released its proposed changes to Form ADV to better deal with private fund registration and the exempt, but reporting required of venture capital funds: Release No. IA-3110 The Securities and Exchange Commission is proposing new rules and rule amendments under the Investment Advisers...
  • Blog Post: The US Private Equity Fund Compliance Guide

    One of the struggles with implementing a compliance program for a private equity fund is that the Investment Advisers Act is targeted at retail operations dealing with relatively liquid investments. Neither fits well with the private equity model of institutional investors and large, illiquid transactions...
  • Blog Post: Job Description For CCOs of Advisers to Private Investment Funds

    Back in 2005, Associate Director Office of Compliance Inspection and Examinations of the SEC, Gene Gohlke gave a speech addressing hedge funds who would soon have to register under the doomed hedge fund rule. He focused on what the funds needed in a Chief Compliance Officer. Rule 206(4)-7 requires...
  • Blog Post: SEC Study on Enhancing Investment Adviser Examinations

    Now that most private funds managers are required to register with SEC as investment advisers, the SEC is considering abandoning them to regulation by FINRA. The SEC released the much anticipated report, a 40-page " Study on Enhancing Investment Adviser Examinations" mandated by Section...