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Results:1-10 of 25

Congress extends the 100 tax exemption for gain on certain qualified small business stock, with retroactive effect, through 2013
  • Foley Hoag LLP
  • USA
  • January 15 2013

On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012 (the "Act"). Among its provisions, the Act extends a


August 3 deadline approaching for compliance with new Massachusetts investment adviser registrationexemption requirements
  • Foley Hoag LLP
  • USA
  • July 18 2012

As discussed in previous Foley Advisers dated January 12 and January 31, the Massachusetts Securities Division (the Division) earlier this year adopted new regulations relating to the regulation of investment advisers.


Qualified small business - 100 tax exemption set to expire at year end
  • Foley Hoag LLP
  • USA
  • December 5 2011

In 2010, Congress enacted legislation which could provide investors who acquire qualified small business stock (“QSBS”) before the end of 2011 with a significant tax benefit.


Connecticut Banking Commissioner issues orders relating to investment adviser state registration in response to the Dodd-Frank Act for investment advisers transacting business in Connecticut
  • Foley Hoag LLP
  • USA
  • July 18 2011

As previously discussed in a Foley Adviser dated June 22, 2011, the Securities and Exchange Commission (the “SEC”) issued final rule releases relating to the implementation and interpretation of amendments to the Investment Advisers Act of 1940, as amended (the “Advisers Act”), contained within the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).


SBIC exemption from SEC registration under Dodd-Frank Act
  • Foley Hoag LLP
  • USA
  • July 18 2011

The SEC’s final rules on the implementation of SEC registration requirements for investment advisers under the Investment Advisers Act of 1940, as recently modified by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), were published in the Federal Register and will become effective July 21, 2011 (the “Rules”).


SEC amends pay-to-play rule
  • Foley Hoag LLP
  • USA
  • July 1 2011

On June 22, 2011, the Securities and Exchange Commission (“SEC”) released amendments to Rule 206(4)-5 (the “Rule”) under the Investment Advisers Act of 1940 (the "Advisers Act"), which places restrictions on political contributions by an investment advisor or its covered associates, and prohibits the engagement by an investment advisor of unregulated third party solicitors to solicit government entity clients on its behalf.


New FBAR extension for investment managers
  • Foley Hoag LLP
  • USA
  • June 22 2011

In a last-minute change, officers and employees of investment advisors that are registered with the Securities and Exchange Commission, who have signature of other authority over (but no financial interest in) a foreign financial account will have until June 30, 2012, to file FBARs for calendar year 2010 and prior years for which the filing deadline was previously deferred.


Massachusetts secretary of state proposes new regulations for investment advisers in response to Dodd-Frank Act
  • Foley Hoag LLP
  • USA
  • April 21 2011

The Massachusetts Securities Division, under the direction of Secretary Galvin, has proposed new regulations relating to the regulation of investment advisers, including hedge fund managers.


SEC contemplates extending registration deadlines for investment advisers
  • Foley Hoag LLP
  • USA
  • April 12 2011

In a letter dated April 8, 2011 to the President of the North American Securities Administrators Association, Inc., Robert E. Plaze, Associate Director of the Securities and Exchange Commission (“SEC”), indicated that the SEC will consider extending the deadlines by which certain advisers must register with the SEC, or switch from SEC to state registration, under the new provisions of the Dodd-Frank Wall Street Reform and Consumer Protect Act (the “Dodd-Frank Act”).


Supreme Court rules corporations do not have privacy rights under FOIA
  • Foley Hoag LLP
  • USA
  • March 10 2011

In a March 1, 2011 decision that has received much publicity (despite stating a fairly obvious conclusion), the Supreme Court ruled that the term "personal privacy" does not apply to corporations, at least in the context of the Freedom of Information Act ("FOIA").