SEC Rulemaking – Are Costs Effecting Progression?
On April 17, 2012, in testimony before the House Oversight and Government Reform subcommittee, Mary Schapiro advised the SEC to consider rules issued by congressional mandates, as well as rules the SEC develops through its own authority. Schapiro acknowledged the … Read More
ERISA Fiduciary Duty Considerations
Lately, we are receiving many inquiries relating to ERISA fiduciary considerations. Section 3(21)(A) of ERISA defines a “fiduciary” to a plan as persons who fall into any one of the three categories, whether or not they entered into a formal … Read More
JOBS Act Changes the Playing Field for Private Funds: General Solicitation Now Permitted
The Jumpstart Our Business Startups Act (the “JOBS Act”), which was signed into law by President Obama on April 5, 2012, ushers in significant changes to many of the federal securities laws. In addition to lowering the costs associated with … Read More
Thomson Reuters – Insurance Licenses: How to Navigate the Current Requirements
Mar. 2012
Practical Tips for your Advisory Contracts Part 2 – What You Should Consider In 2012
Feb. 2012
SEC Opens Registration for Investment Management Compliance Seminar
On December 8, 2011, the SEC announced that the national compliance seminar for CCOs and senior personnel at investment management firms is open for registration. The Compliance Outreach Program will be held on January 31, 2012, at the SEC’s headquarters … Read More
Rule 204A-1 Investment Adviser Code of Ethics
Nov. 2011
President Obama Proposes Taxing Carried Interest From Hedge Funds as Ordinary Income
President Obama recently announced a proposal to characterize income attributable to an investment manager’s carried interest (also referred to as an incentive allocation or performance fee) as ordinary income. The proposed re-characterization of carried interest income is part of the … Read More