Monday, August 3, 2009

New Plan to Register Investment Advisers

The Obama Administration is proposing legislation that will remove the exemptions from registration enjoyed by managers of private investment partnerships and hedge funds. The legislation will require the registration of virtually all investment advisors who operate from the United States, or who provide services to United States citizens, and who manage over $25 million in assets. More details and commentary are at - New Plan to Register Investment Advisers.

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