JOBS Act effect on private equity remains to be seen *

USA - May 8 2012
The Jumpstart Our Business Startups Act (the JOBS Act) was enacted in April 2012 to promote job creation by facilitating startup and middle-market capital formation. 

Co-authors: John Mino , Gerald A. Monroe, Thomas F. McKee, Robert N. Rapp.

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Major legislative boost for private capital formation under way with House passage of “Jumpstart” bill *

USA - March 12 2012
By an overwhelming bipartisan vote, on March 8, 2012, the U.S. House of Representatives passed H.R. 3606 – the Jumpstart Our Business Startups (JOBS) Act.

Co-authors: Robert N. Rapp.

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SEC changes client qualification requirements for investment adviser performance-based compensation *

USA - February 17 2012
On February 15, 2012, the U.S. Securities and Exchange Commission (SEC) adopted amendments to Rule 205-3 under the Investment Advisers Act of 1940, addressing circumstances in which an investment adviser may charge performance-based fees.

Co-authors: Robert N. Rapp.

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SEC modifies “accredited investor” standard *

USA - January 6 2012
On December 21, 2011, the Securities and Exchange Commission (SEC) adopted a final rule that changes the “accredited investor” standard contained in Rule 501(a) of Regulation D under the Securities Act of 1933.

Co-authors: John Mino , Gerald A. Monroe, Thomas F. McKee, Robert N. Rapp.

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Dodd-Frank requires private equity fund advisers relying on new “private adviser” exemption to file Form ADV by February 14, 2012 *

USA - October 28 2011
On June 22, 2011, the Securities and Exchange Commission (SEC) adopted final rules implementing the portion of Dodd-Frank that requires advisers to private equity funds to register with the SEC.

Co-authors: John Mino , Gerald A. Monroe, Thomas F. McKee, Robert N. Rapp.

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