Law360, New York (June 9, 2010, 12:37 PM EDT) -- On May 20, 2010, the United States Senate adopted S. 3217, the Restoring American Financial Stability Act of 2010, a bill sponsored by Senator Christopher Dodd (D-Connecticut) to enact sweeping reforms in federal regulation of the financial industry. Among the provisions of the Senate bill are several that would affect private investment funds and their advisers.
Registration of Fund Managers Under the Investment Advisers Act
Title IV of the Senate bill, titled the Private Fund Investment Advisers Registration Act of 2010, would amend the Investment Advisers...
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