On August 23, 2023, in a 3-2 vote, the SEC adopted a rule package (the “Adopted Rules”) that establishes significant new obligations for private fund advisers under the Investment Advisers Act of 1940. While the Adopted...more
8/28/2023
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Books & Records ,
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Disclosure Requirements ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
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Securities and Exchange Commission (SEC)
On June 17, 2021, the SEC issued an order (the “Order”) to adjust for inflation the dollar amount thresholds that determine when an investor is a “qualified client” under Rule 205-3 of the Investment Advisers Act of 1940, as...more