PRIVATE CAPITAL AND INVESTMENT GROUP ALERT: SEC Proposes Rules Under the Investment Advisers Act to Implement New Dodd-Frank Act Registration and Reporting Requirements for Advisers to Private Funds

    View Author 23 December 2010
    The Securities and Exchange Commission (SEC) has proposed new rules to implement certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requiring investment advisers to private funds, such as private equity funds, hedge funds and venture capital funds, to register with and/or report to the SEC for the first time, commencing in July of 2011, under the Investment Advisers Act of 1940 (Advisers Act). These proposals, included in a series of releases (Rules Releases or Rules Release, as applicable) , would: