Law360, New York (March 05, 2010, 12:30 PM ET) -- Currently, there are several legislative initiatives pending, any of which, if enacted, would significantly increase the regulation of advisers to private funds, currently exempt from regulation by the U.S. Securities & Exchange Commission.
The House has passed as part of much broader regulatory reform legislation (Wall Street Reform and Consumer Protection Act of 2009), the Private Fund Investment Advisers Registration Act of 2009 (H.R. 4173).
The House Financial Services Committee has approved the Investor Protection Act of 2009 and has under consideration the Financial Stability Improvement...
The Regulation Of Private Fund Advisers
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