Patrick Dundas
Schulte Roth & Zabel LLP
Articles
Qualified Client “Assets-Under-Management” and “Net Worth” Test Amounts Increased to $1.1 and $2.2 Million, Respectively
USA - July 1 2021 Section 205(a)(1) of the Investment Advisers Act of 1940, as amended (“Advisers Act”), generally prohibits registered investment advisers (“RIAs”)…
SEC updates Form PF Frequently Asked Questions
USA - July 20 2012 July 20, 2012On July 19, 2012, the staff of the Division of Investment Management of the U.S. Securities and Exchange Commission (the "Staff") updated its Form PF Frequently Asked Questions (the "FAQs") to include significant new interpretive guidance on Form PF.
New net worth standard for accredited investors
USA - January 12 2012 On Dec. 21, 2011, the U.S. Securities and Exchange Commission (the “SEC”) adopted amendments to the accredited investor net worth test (as set forth in Rule 501(a)(5) (“Rule 501”) of Regulation D, the private placement safe harbor promulgated under Section 4(2) of the U.S. Securities Act of 1933, as amended (the “Securities Act”)).
