Updates on Regulation, Trading, and Market Reforms for the Alternative Investment Community

AuthorBenjamin L. Douglas

Ben Douglas counsels businesses in all areas of asset management, including private investment advisers and wealth managers, hedge, real estate, and venture funds, fintech start-ups, mutual fund managers, and firms with hybrid businesses (such as private fund advisers that also sub-advise mutual funds). He handles matters ranging from fund formation, regulatory compliance and service provider relationships, to complex sales and acquisitions of asset management businesses. Read more

Delaware Law Updates

On July 23, 2018, Delaware amended the Delaware limited liability company act (the “LLC Act”). The two key amendments were to (a) permit a divisive or divisional merger and (b) create provisions related to a registered series. Divide Away! (aka Divisive Mergers) The LLC Act now permits a divisive or divisional merger. Under new Section 18-217 of the LLC Act, a Delaware LLC will be permitted to...

Registered Investment Adviser Compliance Update

The SEC’s Division of Enforcement has indicated that one of its focuses for 2018 was on retail investors. This focus has translated into increasing number of cases involving investment advisers. According to the Enforcement Division’s recently published reports, cases involving investment advisers and investment companies were the second largest group of actions in the last year, just...

Updates on Regulation, Trading, and Market Reforms for the Alternative Investment Community