A Guide For Hedge Funds In The Post-Registration Era
September 15, 2006, 12:00 AM EDT
Law360, New York (September 15, 2006, 12:00 AM EDT) -- On June 23, 2006, the U.S. Court of Appeals for the D.C. Circuit vacated the rule, which required hedge fund managers to register with the Securities and Exchange Commission (the SEC). As a result, hedge fund managers are no longer required to register with the SEC, nor are they subject to SEC compliance inspections and examinations.
However, the court’s ruling does not affect the SEC’s authority to investigate and bring enforcement actions against hedge fund managers, regardless of whether they are registered, for violating the anti-fraud...