Alternative Options for SEC Registration with Under $25 Million AUM
Reduction in assets in management to below $25,000,000 could force certain investment managers to deregister with the SEC and register with the individual states in which they conduct business. As each state has different rules this can often be confusing. … Read More
Investment Adviser State Registration and De Minimus Exemption
The de minimis exemption lets an investment adviser work with a small number of clients in a state without registering there. Under Section 222(d) of the Investment Advisers Act of 1940, a state generally cannot require an adviser to register … Read More