As they were required to do under the Dodd-Frank Act, the SEC announced that it has now voted to adopt permanent rules requiring municipal advisors to register.  Previously, and immediately after Dodd-Frank,  municipal advisors were placed under a temporary registration requirement, and following it, more than 1,100 municipal advisors registered with the SEC. The permanent rule, the SEC says, will address the long concern about the fallout from losses suffered, in … Read more

PRIVATE FUND OFFERINGS: With General Solicitation Relaxation Comes New Scrutiny

  While under the JOBS Act the capital formation process in private offerings may have gotten easier, the regulatory scrutiny may have gotten harder. In a speech before the PLI Hedge Fund Management Conference in New York, Norm Champ, the SEC’s Director of the Division of Investment Management, addressed the increased oversight advisers to hedge funds relying on private offering … Read more