Regulating The Business Of Private Fund Advisers

Law360 (November 16, 2009, 1:53 PM EST) -- Recently, the House of Representatives Financial Services Committee approved two major proposals, the Private Fund Investment Advisers Registration Act of 2009 and the Investor Protection Act of 2009, and is still considering a third proposal, the Financial Stability Improvement Act of 2009, all of which, if enacted, would greatly increase regulation of U.S. Securities and Exchange Commission registered investment advisers to private funds as well as the funds they manage....

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