Hedge Fund Regulation After Goldstein

Law360, New York (August 14, 2006, 12:00 AM EDT) -- The United States Court of Appeals for the District of Columbia Circuit’s decision in Goldstein v. SEC vacated the Securities and Exchange Commission’s controversial rule on hedge fund regulation and left the future of hedge fund regulation in limbo. The ruling also left many hedge fund managers who registered pursuant to the rule uncertain about their obligation to stay registered and their ability to deregister.

The strongly worded decision marked the end of SEC Rule 203(b)(3)-2 under the Investment Advisers Act of 1940, but it is...
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