... regimes, as well as practical implications for fund managers, with respect to (1) the regulatory frameworks governing the funds; (2) the definitions of the types of funds covered by the regulations; (3) registration requirements and associated timing; (4) operating requirements, including responsibilities...

... be registered or made pursuant to an exemption from registration. The paper also analyzes the prospects for a general exemption from registration requirements for security-based swaps involving eligible contract participants, and it places the final rule in the context of the SEC’s broader efforts to establish...

...Wendy E. Cohen; David Y. Dickstein; Christian B. Hennion; Richard D. Marshall; Allison C. Yacker; Lance A. Zinman Purpose To explain the US Securities and Exchange Commission (the “SEC”) staff’s (the “Staff”) participating affiliate exemption from investment adviser registration for foreign...

... and helps further define the scope of activities that require registration under the federal securities laws. Design/methodology/approach Provides insight into a recent area of focus for SEC regulators and introduces the potential regulatory implications for non-US firms with activities that reach...

...Michael T. Foley; Janet M. Angstadt; Ross Pazzol; James D. Van De Graaff Purpose To analyze a recently approved FINRA rule amendment that will require registration with FINRA of associated persons of FINRA-member firms who are primarily responsible for the design, development or significant...

...Janet M. Angstadt; Michael T. Foley; Ross Pazzol; James D. Van De Graaff Purpose – To analyze FINRA’s proposal that would require registration with FINRA of associated persons of FINRA-member firms who are primarily responsible for the design, development or significant modification...

... distinction, an analytical framework under which some high-frequency traders have avoided registration with the SEC as dealers. It then explains the difficulties the SEC will encounter in bringing high-frequency traders within its regulatory umbrella as dealers. In particular, the paper outlines some...

... an M&A Broker can and cannot do, lists 10 criteria an M&A Broker must meet to obtain relief from registration, recommends policies and procedures for companies planning on taking advantage of the exemption from registration, and explains comparable UK legislation that applies to financial...

...Kerry Burke; Julian Hammar; Lisa Koff; Loretta Shaw‐Lorello; Amanda Weiss; Kristian Wiggert Purpose The alert endeavors to clarify the current state of play regarding the registration requirements for commodity pool operators (CPOs) and to discuss certain exemptions from registration and no‐action...

... Industry Regulatory Authority Private placements Registration Finance Securities United States of America Rule 5123 of the Financial Industry Regulatory Authority, Inc. (FINRA) requires FINRA member broker‐dealer firms that sell an issuer's securities in a private placement, subject to certain...