On June 28, 2016, the Securities and Exchange Commission (the "SEC") proposed a new rule requiring SEC registered investment advisers
On June 25, 2010, a House-Senate conference committee approved the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Act"), which includes a modified version of the so-called "Volcker rule.
On June 25, 2010, a House-Senate conference committee reached agreement on the text of the conference report for the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act").
On July 10, 2009, the Obama Administration released proposed legislation titled the "Investor Protection Act of 2009" (the "Proposed Act"), which aims to strengthen the SEC’s authority to protect investors.
On June 17, 2009, the U.S. Department of the Treasury released President Barack Obama’s plan to overhaul the U.S. financial regulatory system entitled “Financial Regulatory Reform A New Foundation: Rebuilding Financial Supervision and Regulation” (the “Plan”).
On May 19th, Senators Charles Schumer of New York and Maria Cantwell of Washington introduced the Shareholder Bill of Rights Act of 2009 (S. 1074), which, if adopted in its current form, would encompass the most fundamental restructuring of U.S. corporate governance in recent years.
Given the volume of potential limited partner defaults this year, general partners are understandably very keen to help their limited partners in any way possible to avoid a default through a secondary sale of the limited partner interests.