Pros And Cons Of SEC Rule 204(b)-1

Law360, New York (February 15, 2011, 3:36 PM EST) -- On Jan. 25, 2011, the U.S. Securities and Exchange Commission proposed new Rule 204(b)-1 under the Investment Advisers Act of 1940, as amended (the Advisers Act) that would require advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council (FSOC) in monitoring emerging risks to the U.S. financial system, as mandated by Sections 404 and 406 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

This information would be reported on proposed Form PF, which would...
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