October 17, 2011

Investment Adviser SRO Legislation Expected Soon

Representative Spencer Bachus of Alabama is expected to introduce a bill shortly that would establish one or more self-regulatory organizations (SRO) to oversee investment advisors.  He chairs the House Financial Services Committee.  If enacted, the bill would amend the Investment Advisers Act of 1940 to provide for the registration and…

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August 29, 2011

House Financial Services Committee Likely to Introduce Adviser SRO Bill After September 13 Hearing

It is widely expected that the House Financial Services Committee will introduce legislation calling for a self-regulatory organization (SRO) for investment advisers soon after the committee's subcommittee on capital markets holds a September 13 hearing on the issue.  The September 13 hearing will also examine the regulation of investment advisers and broker-dealers, while the full committee plans to hold a hearing on September 15 on the need to reform the SEC.

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July 21, 2010

Dodd-Frank Financial Reform Act Enacted

President Obama yesterday signed H.R. 4173 into law, and it became the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under Section 4 of the Dodd-Frank Act, the statute is effective on July 22, 2010, except as otherwise specifically provided.

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June 30, 2010

Houses Passes Hedge Fund Bill

The U.S. House of Representatives passed the Private Fund Investment Advisers Registration Act of 2010. Click here for an alert about the legislation.

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May 20, 2010

U.S. Senate Approves Financial Services Reform Bill

The U.S. Senate approved a broad financial regulatory reform bill, entitled the “Restoring American Financial Stability Act of 2010” or “RAFSA.”  The bill impacts most types of financial institutions, including investment advisers, mutual funds and ETFs. Here are some ways investment advisers will be impacted by the bill, if enacted:

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February 10, 2010

Senate Banking, Housing & Urban Affairs Committee Holds Hearing on Equipping Financial Regulators with the Tools Necessary to Monitor Systemic Risk

The Senate Housing & Urban Affairs Committee held a hearing about ways to equip financial regulators with the means to monitor systemic risk.  

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