On Friday, Nov. 19, the Securities and Exchange Commission proposed new rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the registration of private fund managers. Links to the two rule proposals are below. Rules Implementing Amendments to the Investment Advisers Act of 1940

Exemptions for Advisers to Venture Capital Funds, Private Fund Advisers With Less Than $150 Million in Assets Under Management and Foreign Private Advisers