On October 19th, the SEC announced that 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Act mandated such registration while more than 2,300 mid-sized advisers (those managing less than $100 million of assets) have made the transition to state regulation. In an effort to finalize the transition to state registration, the Commission issued a notice identifying 293 advisers who may no longer be eligible for registration with the SEC because they manage less than $100 million or have failed to comply with other SEC requirements. SEC Press Release. See also, Division of Investment Management Report.